Citizens Bank Minnesota
FDIC #8200
📍 New Ulm, Minnesota
Citizens Bank Minnesota is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 12/13/1875. With assets of $584.90 Million, it operates 6 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: April 1, 2022
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 1, 2022
Satisfactory
May 1, 2019
Satisfactory
July 1, 2016
Satisfactory
💰 Financial Strength
Total Assets$584.90 Million
Total Deposits$502.55 Million
Equity Capital$40.42 Million
Net Income$1.81 Million
📈 Performance
ROA0.42%
ROE5.82%
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
Established12/13/1875
FDIC Cert8200
Holding CoCitizens Bcorp Of New Ulm Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2021
Merger / Acquisition
Acquired: Ormsby State Bank
2020
Merger / Acquisition
Acquired: Farmers State Bank Of Watkins
2006
Name Change
Name became: Changed Institution Name To Citizens Bank Minnesota.
1999
Merger / Acquisition
Acquired: State Bank Of La Salle (incorporated)
1993
Merger / Acquisition
Acquired: Citizens State Bank Of Lafayette