State Savings Bank is a bank based in Frankfort, Michigan, established in 1901, with $405 million in total assets across 9 branches. By Trust Grade it ranks 58th of 73 banks we track in Michigan. Its capital ratio of 9.2% trails most similarly sized banks (33th percentile), versus a Michigan median of 9.6%. It was profitable over the most recent period, with a 0.46% return on assets. No consumer complaints against State Savings Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How State Savings Bank compares to Michigan peers
How we graded State Savings Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (9.2% capital ratio)
- Profitable (ROA 0.46%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for State Savings Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (9)
- 11470 S Leelanau Hwy, Empire, MI 49630
- 703 Main St, Frankfort, MI 49635
- 414 E Front St, Traverse City, MI 49686
- 126 E Main St, Gaylord, MI 49735
- 416 E Front St, Traverse City, MI 49686
- 212 N Saint Joseph St, Suttons Bay, MI 49682
- 2091 S Otsego Ave, Gaylord, MI 49735
- 862 S. Garfield Avenue, Traverse City, MI 49686
- 49 N Benzie Blvd, Beulah, MI 49617
Are deposits at State Savings Bank insured?
Yes. State Savings Bank is an FDIC-insured bank (FDIC certificate #8162). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
State Savings Bank: frequently asked questions
Is State Savings Bank a good bank?
State Savings Bank earns a Bankzia Trust Grade of A (91/100, "Excellent"), based on a financial-strength score of 91/100 (it has no CFPB complaints on record). Strongly capitalized (9.2% capital ratio); Profitable (ROA 0.46%).
Is State Savings Bank FDIC-insured?
Yes. State Savings Bank is a FDIC-insured bank (FDIC certificate #8162). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is State Savings Bank?
State Savings Bank holds $405 million in total assets, ranking 58th of 73 banks we track in Michigan. It operates 9 branches.
Does State Savings Bank have CFPB complaints?
No CFPB complaints against State Savings Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
