Freeport State Bank is a bank based in Freeport, Minnesota, established in 1908, with $167 million in total assets across 3 branches. By Trust Grade it ranks 83rd of 224 banks we track in Minnesota. Its capital ratio of 9.9% trails most similarly sized banks (46th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.03% return on assets. No consumer complaints against Freeport 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 Freeport State Bank compares to Minnesota peers
How we graded Freeport State Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (9.9% capital ratio)
- Strongly profitable (ROA 1.03%)
- No CFPB complaints on record
The Trust Grade is Bankzia’s independent, documented opinion computed from public FDIC/NCUA/CFPB data — not an official rating, and not a statement about the safety of insured deposits. Report a data error or dispute this grade →
Consumer complaints (CFPB)
No CFPB complaints are on file for Freeport State Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (3)
- 219 E Main St, Melrose, MN 56352
- 111 Main St E, Freeport, MN 56331
- 450 1st Avenue North, Greenwald, MN 56335
Are deposits at Freeport State Bank insured?
Yes. Freeport State Bank is an FDIC-insured bank (FDIC certificate #8210). 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.
Freeport State Bank: frequently asked questions
Is Freeport State Bank a good bank?
Freeport 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 1.03%).
Is Freeport State Bank FDIC-insured?
Yes. Freeport State Bank is a FDIC-insured bank (FDIC certificate #8210). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Freeport State Bank?
Freeport State Bank holds $167 million in total assets, ranking 83rd of 224 banks we track in Minnesota. It operates 3 branches.
Does Freeport State Bank have CFPB complaints?
No CFPB complaints against Freeport 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.
