Gogebic Range Bank is a bank based in Ironwood, Michigan, established in 2002, with $143 million in total assets across 1 branch. By Trust Grade it ranks 73rd of 73 banks we track in Michigan. Its capital ratio of 6.2% trails most similarly sized banks (4th percentile), versus a Michigan median of 9.6%. It posted a loss over the most recent period (-2.09% return on assets), a point to watch. No consumer complaints against Gogebic Range Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Gogebic Range Bank compares to Michigan peers
How we graded Gogebic Range Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (6.2% capital ratio)
- Unprofitable over the period (ROA -2.09%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Gogebic Range Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (1)
- 155 E Cloverland Dr, Ironwood, MI 49938
Are deposits at Gogebic Range Bank insured?
Yes. Gogebic Range Bank is an FDIC-insured bank (FDIC certificate #57192). 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.
Gogebic Range Bank: frequently asked questions
Is Gogebic Range Bank a good bank?
Gogebic Range Bank earns a Bankzia Trust Grade of F (59/100, "Weak"), based on a financial-strength score of 59/100 (it has no CFPB complaints on record). Well-capitalized (6.2% capital ratio); Unprofitable over the period (ROA -2.09%).
Is Gogebic Range Bank FDIC-insured?
Yes. Gogebic Range Bank is a FDIC-insured bank (FDIC certificate #57192). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Gogebic Range Bank?
Gogebic Range Bank holds $143 million in total assets, ranking 73rd of 73 banks we track in Michigan. It operates 1 branch.
Does Gogebic Range Bank have CFPB complaints?
No CFPB complaints against Gogebic Range 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.
