🏦 Where's My Bank

Park State Bank

FDIC #8851 📍 Duluth, Minnesota

Park State Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 06/28/1916. With assets of $1.20 Billion, it operates 17 domestic branches.

🌐 Visit Website
1
★★★★★
1 Reviews
Read Reviews

Customer Reviews

1 ★

Based on 1 ratings

Write a Review

Reviews are moderated before posting. No profanity or personal attacks.
★☆☆☆☆ Tammy
February 07, 2022

I tried closing a safety deposit box in Chisholm for [-] deceased step father but [-] staff on duty didn’t know [-] to [-] it when I could only find one of [-] 2 [-] and they didn’t know [-] to order a second key so I was stuck paying for [-] empty for another 6 months when I was able to try again. It was different staff but this time they wouldn’t except a check from [-] to purchase a second key, [-] only which I didn’t have on [-]! I called before going to [-] bank and it rang for 25 minutes before someone answered [-] next time I called no one answered but I got tired of waiting and [-] up. Instead I contacted a Duluth branch that gave [-] [-] managers name and phone number. I called before [-] bank closed on Friday and it is not almost 10am on Monday and she hasn’t returned [-] call. [-] whole situation with [-] Chisholm bank is highly unprofessional!

Community Reinvestment Act (CRA) Rating
Latest Exam: November 1, 2024
Satisfactory
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

November 1, 2024
Satisfactory
November 1, 2021
Satisfactory
September 1, 2015
Outstanding
December 1, 2009
Outstanding
November 1, 2003
Outstanding
September 1, 1997
Outstanding
January 14, 1995
Outstanding
December 1, 1992
Satisfactory
July 25, 1990
Outstanding
💰 Financial Strength
Total Assets$1.20 Billion
Total Deposits$1.01 Billion
Equity Capital$110.40 Million
Net Income$12.58 Million
📈 Performance
ROA1.48%
ROE15.92%
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.
📞 Contact & Location
Address2630 W Superior St
Duluth, Minnesota 55806
📋 Corporate Structure
Established06/28/1916
FDIC Cert8851
Holding CoPark Financial Group Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 5:00 PM
Saturday9:00 AM - 12:00 PM
SundayClosed

📜 Institutional History

2022
Relocation
Moved HQ to: 2630 W Superior St, Duluth, MN 55806.
2021
Merger / Acquisition
Acquired: The Lake Bank
2021
Merger / Acquisition
Acquired: American Bank Of The North
2018
Merger / Acquisition
Acquired: The Pioneer National Bank Of Duluth
2011
Relocation
Moved HQ to: 2630 West Superior Street, Duluth, MN 55806.

📍 Branch Locations (17)

Nashwauk Branch
117 Central Ave
Nashwauk, Minnesota 55769
View Details →
Nashwauk Data Center
Platt Ave E
Nashwauk, Minnesota 55769
View Details →
Orr Branch
4539 Highway 53
Orr, Minnesota 55771
View Details →
Silver Bay Branch
88 Outer Dr
Silver Bay, Minnesota 55614
View Details →
Two Harbors Branch
613 1st Ave
Two Harbors, Minnesota 55616
View Details →