Vantage Bank
FDIC #9733
📍 Kent, Minnesota
Vantage Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 07/14/1902. With assets of $63.75 Million, it operates 2 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: April 1, 2020
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, 2020
Satisfactory
June 1, 2014
Satisfactory
June 1, 2009
Satisfactory
💰 Financial Strength
Total Assets$63.75 Million
Total Deposits$57.80 Million
Equity Capital$5.46 Million
Net Income$695,000
📈 Performance
ROA1.53%
ROE17.81%
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
Established07/14/1902
FDIC Cert9733
Holding CoMinndak Bancshares Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2012
Name Change
Name became: Changed Institution Name To Vantage Bank.
2012
Relocation
Moved HQ to: 202 Main St, Kent, MN 56553.
2004
Relocation
Moved HQ to: South Main Street, Kent, MN 56553.