Grand Marais State Bank is a bank based in Grand Marais, Minnesota, established in 1916, with $202 million in total assets across 5 branches. By Trust Grade it ranks 156th of 224 banks we track in Minnesota. Its capital ratio of 8.1% trails most similarly sized banks (17th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.47% return on assets. No consumer complaints against Grand Marais 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 Grand Marais State Bank compares to Minnesota peers
How we graded Grand Marais State Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.1% capital ratio)
- Strongly profitable (ROA 1.47%)
- 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 Grand Marais State Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (5)
- 113 1st St Nw, Ortonville, MN 56278
- 4 Johannes Lane, Tofte, MN 55615
- 211 E Highway 61, Grand Marais, MN 55604
- 109 W Yellowstone Trl, Buffalo Lake, MN 55314
- 1380 Montreal St Se, Hutchinson, MN 55350
Are deposits at Grand Marais State Bank insured?
Yes. Grand Marais State Bank is an FDIC-insured bank (FDIC certificate #8842). 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.
Grand Marais State Bank: frequently asked questions
Is Grand Marais State Bank a good bank?
Grand Marais State 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). Well-capitalized (8.1% capital ratio); Strongly profitable (ROA 1.47%).
Is Grand Marais State Bank FDIC-insured?
Yes. Grand Marais State Bank is a FDIC-insured bank (FDIC certificate #8842). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Grand Marais State Bank?
Grand Marais State Bank holds $202 million in total assets, ranking 156th of 224 banks we track in Minnesota. It operates 5 branches.
Does Grand Marais State Bank have CFPB complaints?
No CFPB complaints against Grand Marais 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.
