Park State Bank is a bank based in Duluth, Minnesota, established in 1916, with $1.5 billion in total assets across 20 branches. By Trust Grade it ranks 84th of 224 banks we track in Minnesota. Its capital ratio of 9.9% trails most similarly sized banks (41th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.43% return on assets. No consumer complaints against Park State Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Park State Bank compares to Minnesota peers
How we graded Park State Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (9.9% capital ratio)
- Strongly profitable (ROA 1.43%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Park State Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (20)
- 8401 Unity Dr, Mountain Iron, MN 55768
- 221 Main St N, Biwabik, MN 55708
- 4539 Highway 53, Orr, MN 55771
- 128 N Highway 53, Cook, MN 55723
- 301 1st St Nw, Chisholm, MN 55719
- 120 Mount Royal Shopping Cir, Duluth, MN 55803
- 2015 3rd Ave E, Hibbing, MN 55746
- 428 Nw 4th Ave, Grand Rapids, MN 55744
- 88 Outer Dr, Silver Bay, MN 55614
- 231 W Lake St, Chisholm, MN 55719
- 101 W Lake St, Chisholm, MN 55719
- 331 N Central Ave, Duluth, MN 55807
- 117 Central Ave, Nashwauk, MN 55769
- Platt Ave E, Nashwauk, MN 55769
- 2630 W Superior St, Duluth, MN 55806
- 3033 Excelsior Blvd, Minneapolis, MN 55416
- 32 S River St, Cook, MN 55723
- 4161 Haines Road, Hermantown, MN 55811
- 1215 S Pokegama Ave, Grand Rapids, MN 55744
- 613 1st Ave, Two Harbors, MN 55616
Are deposits at Park State Bank insured?
Yes. Park State Bank is an FDIC-insured bank (FDIC certificate #8851). 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.
Park State Bank: frequently asked questions
Is Park State Bank a good bank?
Park State Bank earns a Bankzia Trust Grade of A (97/100, "Excellent"), based on a financial-strength score of 97/100 (it has no CFPB complaints on record). Strongly capitalized (9.9% capital ratio); Strongly profitable (ROA 1.43%).
Is Park State Bank FDIC-insured?
Yes. Park State Bank is a FDIC-insured bank (FDIC certificate #8851). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Park State Bank?
Park State Bank holds $1.5 billion in total assets, ranking 84th of 224 banks we track in Minnesota. It operates 20 branches.
Does Park State Bank have CFPB complaints?
No CFPB complaints against Park State 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.
