Produce State Bank is a bank based in Hollandale, Minnesota, established in 1926, with $111 million in total assets across 4 branches. By Trust Grade it ranks 5th of 224 banks we track in Minnesota. Its capital ratio of 10.8% is stronger than 59% of similarly sized banks, versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.31% return on assets. No consumer complaints against Produce 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 Produce State Bank compares to Minnesota peers
How we graded Produce State Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.8% capital ratio)
- Strongly profitable (ROA 1.31%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Produce State Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (4)
- 300 W Main St, Glenville, MN 56036
- 220 E William St, Albert Lea, MN 56007
- 2401 Bridge Ave, Albert Lea, MN 56007
- 109 Park Ave W, Hollandale, MN 56045
Are deposits at Produce State Bank insured?
Yes. Produce State Bank is an FDIC-insured bank (FDIC certificate #10178). 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.
Produce State Bank: frequently asked questions
Is Produce State Bank a good bank?
Produce State Bank earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (10.8% capital ratio); Strongly profitable (ROA 1.31%).
Is Produce State Bank FDIC-insured?
Yes. Produce State Bank is a FDIC-insured bank (FDIC certificate #10178). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Produce State Bank?
Produce State Bank holds $111 million in total assets, ranking 5th of 224 banks we track in Minnesota. It operates 4 branches.
Does Produce State Bank have CFPB complaints?
No CFPB complaints against Produce 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.
