North Shore Bank Of Commerce
FDIC #8850
📍 Duluth, Minnesota
North Shore Bank Of Commerce is a commercial bank, state charter and fed member, supervised by the federal reserve (frb). established in 09/14/1915. With assets of $460.62 Million, it operates 7 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: May 8, 2023
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
May 8, 2023
Satisfactory
December 3, 2018
Satisfactory
July 28, 2014
Satisfactory
💰 Financial Strength
Total Assets$460.62 Million
Total Deposits$370.59 Million
Equity Capital$37.37 Million
Net Income$3.25 Million
📈 Performance
ROA1.01%
ROE11.49%
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
Established09/14/1915
FDIC Cert8850
Holding CoNorth Shore Financial Corp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ 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
SaturdayClosed
SundayClosed
📜 Institutional History
1991
Merger / Acquisition
Acquired: Airport State Bank Of Duluth
1984
Merger / Acquisition
Acquired: North Shore State Bank
1983
Name Change
Name became: Changed Institution Name To North Shore Bank Of Commerce.
1983
Name Change
Name became: Changed Institution Name To Northwestern Bank Of Commerce.
1950
Name Change
Name became: Changed Institution Name To Bank Of Commerce & Savings.