Important Notice for First Independent Bank Debit Card Customers!

For your security, we are conducting a mass reissue of debit cards that feature an expiration date of 09/2024 thru 04/2026 and the numbers 600 or 601 in the third set of numbers. This proactive measure ensures your continued protection and seamless banking experience.  Please be on the lookout for your new debit card arriving in the mail within the next week. Once received, activate it as soon as possible and stop using your old card.

We appreciate your understanding and cooperation as we continually work to enhance your banking security.

If you have any questions or concerns, feel free to reach out to any First Independent Bank location or 507-823-4391.

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Refinancing your house is a big decision. There are many factors you need to consider before refinancing your home: How long do you plan to stay in your home? What are interest rates currently at? Will you actually save money by refinancing?

In order to refinance your home in Marshall, MN, you need to look at the whole picture and all that will be affected. That is where First Independent Bank’s loan officers can help you with experienced advice on whether or not refinancing your home is a good idea. First Independent Bank’s Mortgage Loan Officers are seasoned professionals who will ask the right questions and listen to your concerns. We are big enough to have the resources to meet your needs and small enough to take the time to know you and your situation.


Potential Benefits of Refinancing your Marshall Home

  • Extend the payment period on your mortgage thus lowering your monthly payments
  • Expedite removing your mortgage insurance
  • Lower your interest rate on the mortgage
  • Shorten your mortgage’s term (15 year as opposed to 30 year loan)
  • Consolidate other high interest debt (credit cards, lines of credit, personal loans, 2nd mortgage, etc.)
  • Change banking relationship


First Independant Bank, Marshall, MN Experts

Make First Independent Bank your choice for all your banking needs.

Marshall, MN is our home turf and we know the people who live and work here. From individuals, to families, to farms, to businesses, First Independent Bank exists to be a thriving independent community bank serving our customers, employees and local communities. As your local area experts, we are able to look out for your best interests and provide access to the financial solutions you need. 

First Independent Bank is located on the eastern edge of Marshall, MN at the junction of state highways 19 and 23. We have had a new location and building since 2017.

Marshall, MN

Marshall is located in Lyon County, Southwestern Minnesota. The city dates back all the way to 1872 and was named in honor of Governor William R. Marshall. Before white settlers came to the area, it was occasionally used by the Native American people as a campground, specifically the Dakota tribe. Today, Marshall is a thriving community revolving around agriculture, business, academics, and community. It’s big enough to have many different services to offer but small enough to have a strong community. Marshall is also home to Southwest Minnesota State University (SMSU).  Whether you like to hunt, explore history, or enjoy fine arts Marshall is a great place to recreate and have your home.  

Marshall, MN Schools

Marshall Public School District is an above average school district in Lyon County with an average student/teacher ratio of 13:1. The district serves families within Marshall as well as the rural surrounding areas and provides a wide variety of academic and extracurricular programs. 

For families seeking a private education for their students, there are also several private schools serving Marshall and the surrounding areas.

If you’re having trouble making your mortgage payments click this link..

First Independent Bank, A Leader in Mortgage Refinancing

First Independent Bank is employee and family-owned Minnesota-based bank. We are Big enough to know business and small enough to know you. We pride ourselves on our refinancing expertise.