New Market Bank is a bank based in Elko New Market, Minnesota, established in 1905, with $194 million in total assets across 3 branches. By Trust Grade it ranks 147th of 224 banks we track in Minnesota. Its capital ratio of 8.5% trails most similarly sized banks (22th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.06% return on assets. No consumer complaints against New Market Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How New Market Bank compares to Minnesota peers
How we graded New Market Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.5% capital ratio)
- Strongly profitable (ROA 1.06%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for New Market Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (3)
- 101 Old Town Rd, Elko New Market, MN 55054
- 20151 Icenic Trl, Lakeville, MN 55044
- 4719 Park Nicollet Ave Se, Prior Lake, MN 55372
Are deposits at New Market Bank insured?
Yes. New Market Bank is an FDIC-insured bank (FDIC certificate #1931). 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.
New Market Bank: frequently asked questions
Is New Market Bank a good bank?
New Market Bank earns a Bankzia Trust Grade of A (92/100, "Excellent"), based on a financial-strength score of 92/100 (it has no CFPB complaints on record). Well-capitalized (8.5% capital ratio); Strongly profitable (ROA 1.06%).
Is New Market Bank FDIC-insured?
Yes. New Market Bank is a FDIC-insured bank (FDIC certificate #1931). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is New Market Bank?
New Market Bank holds $194 million in total assets, ranking 147th of 224 banks we track in Minnesota. It operates 3 branches.
Does New Market Bank have CFPB complaints?
No CFPB complaints against New Market 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.
