New Ulm
Financial Center & ATM
Location Benefits
Interactive Teller Machine
Drive-Thru Banking
Insurance
Trust & Estates
Phone
507-354-8813
Fax: 507-354-8816
Address
525 Center St
New Ulm, MN 56073
Lobby Hours
Mon – Fri: 8:30 a.m. – 4:30 p.m.
Drive-Thru Hours
Mon – Fri: 8 a.m. – 5 p.m.
Drive-Thru ITM Hours
Mon – Fri: 8 a.m. – 6 p.m.
Sat: 8 a.m. – Noon
Location Benefits
Interactive Teller Machine
Drive-Thru Banking
Insurance
Trust & Estates
New Ulm Team
Colt, Laurie
Colt, Laurie
Deposit Sales Representative
Bank
Laurie Colt
Hernandez, Allan
Hernandez, Allan
Insurance Agent
Insurance
Allan Hernandez
Hillesheim, Shannon
Hillesheim, Shannon
Market President, Ag and Commercial Lender
Borrow
Shannon Hillesheim
Johnson, Bret
Johnson, Bret
VP Insurance
Insurance
Bret Johnson
Mertz, Sarah
Mertz, Sarah
Retail Manager, Consumer Lender
Bank, Borrow
Sarah Mertz
Ortmann, Brooke
Ortmann, Brooke
VP Retail Banking
Bank
Brooke Ortmann
Reinarts, Randy
Reinarts, Randy
Ag and Commercial Lender
Borrow
Randy Reinarts
Schmidt, Suzy
Schmidt, Suzy
Mortgage Lender
Mortgage
Suzy Schmidt
Schmitz, Brad
Schmitz, Brad
Trust Relationship Manager
Trust
Brad Schmitz
Visit Our Financial Center in New Ulm, MN
For over 140 years, Bank Midwest has served customers like you with their financial planning, education, and investments for generations. We provide modern digital tools and banking solutions of big banks with the small-town service and the ease of access of a local community bank in Minnesota.
Whether you’re looking to open a savings account, apply for a loan, or seeking professional guidance on insurance or trust and estate planning, your local team in New Ulm is happy to help you with all your banking needs.
Securities and insurance products are not deposits, not FDIC insured, not insured by any federal government agency, not guaranteed by the bank, and may go down in value.
Explore New Ulm’s Top Products
Explore Nearby Branches
Searching for a Bank Midwest location closer to you? We have locations across southern Minnesota that may be a better fit.
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Jackson, MN
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3
Fairmont, MN
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Westbrook, MN
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New Ulm, MN
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Mankato, MN
Bank Midwest News & Resources
What Makes New Ulm Home
Located where the Cottonwood and Minnesota Rivers meet, New Ulm is a historic city in southern Minnesota and the seat of Brown County. It was founded in 1854 by German immigrants and named after Ulm, Germany.
Industries That Move New Ulm Forward
New Ulm’s economy is rooted in agriculture and food production, with strong ties to livestock, corn, soybeans, and dairy. The community is also supported by several major employers in manufacturing and healthcare. Companies such as 3M, Kraft Heinz, and AMPI (Associated Milk Producers Inc.) operate large manufacturing facilities in the area, providing significant employment opportunities.
Healthcare is another key part of the local economy, with Allina Health’s New Ulm Medical Center and clinic serving as one of the region’s largest employers and a central resource for the surrounding communities.
New Ulm is also home to Martin Luther College, a private college established in 1995 that prepares students for ministry and education in the Wisconsin Evangelical Lutheran Synod, as well as the historic August Schell Brewing Company, one of Minnesota’s oldest and most well-known breweries.
Things to Do Around New Ulm
Known as one of the most German-influenced cities in the United States, New Ulm earned nicknames such as the “Polka Capital” and “Most German of German Cities.” Residents proudly celebrate their German heritage and history to this day through local traditions, festivals, and other events.
August Schell Brewing Company
Founded in 1860 by German immigrant August Schell, the August Schell Brewing Company is the second-oldest family-owned brewery in the U.S. and the oldest in Minnesota. Beloved for its German-inspired lagers, the company reached new heights in 2002 when it acquired Grain Belt Beer. Today, visitors and locals alike gather at Schell’s Bierhalle and Biergarten to enjoy the lagers that have defined this historic brewery for more than 160 years.
New Ulm Oktoberfest
This annual celebration of New Ulm’s German heritage is regularly recognized by national travel publications as one of the top Oktoberfest celebrations in the United States. Held over the first two weekends of October, Oktoberfest takes place across multiple locations throughout New Ulm, including downtown, Schell’s, and Morgan Creek Vineyards, where visitors and locals can experience parades, polka music, live entertainment, and classic German markets.
Hermann Heights Monument
Standing high above New Ulm, the 102-foot monument depicts Hermann the German, who liberated Germany from Roman occupation during the time of Caesar Augustus. Every year, thousands of visitors climb the spiral staircase within the monument to look at the scenic, panoramic view of southern Minnesota through the statue’s eyes.
Turner Hall
Built in 1873, Turner Hall is the oldest continuously operating bar in Minnesota. This two-story gymnasium, rathskeller, and social club is listed on the National Register of Historic Places, and features more than 70 feet of historic German murals that depict European landscapes and culture, making it a cultural hub and popular destination in New Ulm for both locals and tourists.
Minnesota Music Hall of Fame
The Minnesota Music Hall of Fame celebrates the talented musicians, singers, and educators from across the state. Built in 1989, the museum features memorabilia, photos, instruments, and audio tours featuring famous inductees such as Bob Dylan, Judy Garland, and Prince. Explore the rich music history of Minnesota through its exhibits, showcasing how music within the state has evolved over time.
Giving Back to Our Minnesota Communities
At Bank Midwest, we’re committed to strengthening the communities we serve through our Community Fund, supporting initiatives that create meaningful, lasting impact. We provide grants to local 501(c)(3) organizations and invest in projects that support the arts, recreation, youth programs, environmental efforts, and overall community improvement.
Some of our recent grants in the region include:
$20,000
New Ulm Basketball Association (2025)
$20,000
The Grand Center for Arts and Culture, New Ulm (2024)
$15,000
Oak Hill, New Ulm (2022)
$10,000
Medical Surgical Refresh Project, New Ulm (2021)
$200,000
Bank Midwest Community Food Shelf Support during COVID-19 (2020)
Frequently Asked Questions About Bank Midwest
What services are offered at Bank Midwest in New Ulm?
As your Minnesota community bank, Bank Midwest makes managing your finances easy and convenient. Whether you are a small business owner looking for the right business insurance* for your operation, a farmer pursuing succession plans to pass down your farm to the next generation, or a family seeking a loan to buy a home, your local team in New Ulm provides clarity and professional guidance for all of your banking needs.
Securities and insurance products are not deposits, not FDIC insured, not insured by any federal government agency, not guaranteed by the bank, and may go down in value.
How does Bank Midwest stand out in New Ulm?
At Bank Midwest, you have access to the modern digital tools of big banks paired with the small-town service and reachability of community banks in Minnesota. Instead of having to drive to your bank for your daily banking needs, our online options and mobile app allow you to bank on the go, so you can focus on what matters most.
Move Forward with Confidence
At Bank Midwest, your local team is easy to reach and ready to help you with your everyday banking needs.
