Citizens Alliance Bank
FDIC #1402
📍 Clara City, Minnesota
Citizens Alliance Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 07/02/1902. With assets of $1.47 Billion, it operates 17 domestic branches.
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★★★★★ Laura K
October 16, 2020
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Community Reinvestment Act (CRA) Rating
Latest Exam: February 1, 2025
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
February 1, 2025
Satisfactory
November 1, 2021
Satisfactory
November 1, 2018
Satisfactory
💰 Financial Strength
Total Assets$1.47 Billion
Total Deposits$1.26 Billion
Equity Capital$102.09 Million
Net Income$8.16 Million
📈 Performance
ROA0.80%
ROE10.67%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established07/02/1902
FDIC Cert1402
Holding CoForstrom Bcorp Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeJune 29, 2023
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2023
Merger / Acquisition
Acquired: Granite Mountain Bank Inc Dba Granite Mountain Bank
2019
Merger / Acquisition
Acquired: Farmers And Merchants State Bank Of Sacred Heart
2016
Merger / Acquisition
Acquired: First Bank Of Lincoln
2014
Merger / Acquisition
Acquired: First Valley Bank
2013
Merger / Acquisition
Acquired: First State Bank Of Murdock