Western National Bank
FDIC #5131
📍 Duluth, Minnesota
Western National Bank is a commercial bank, national (federal) charter and fed member, supervised by the occ. established in 01/04/1904. With assets of $118.59 Million, it operates 3 domestic branches.
Customer Reviews
5 ★
Based on 1 ratings
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★★★★★ Dan D
October 02, 2021
Very Professional and knowledgeable Bankers. Pleasant to [-] [-] with. Highly recommend.
Community Reinvestment Act (CRA) Rating
Latest Exam: April 15, 2024
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
April 15, 2024
Satisfactory
December 2, 2019
Satisfactory
September 22, 2014
Satisfactory
💰 Financial Strength
Total Assets$118.59 Million
Total Deposits$103.20 Million
Equity Capital$13.42 Million
Net Income$303,000
📈 Performance
ROA0.33%
ROE2.91%
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
Established01/04/1904
FDIC Cert5131
Holding CoWestern Bcorp Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredNo
🕰️ Lobby Hours
Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 5:00 PM
Saturday8:30 AM - 12:30 PM
SundayClosed
📜 Institutional History
2022
Relocation
Moved HQ to: 201 North Central Avenue, Duluth, MN 55807.
1997
Name Change
Name became: Changed Institution Name To Western National Bank.