Luminate Bank is a bank based in Minneapolis, Minnesota, established in 1937, with $517 million in total assets across 2 branches. By Trust Grade it ranks 31st of 224 banks we track in Minnesota. Its capital ratio of 10.0% trails most similarly sized banks (48th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 3.11% return on assets. No consumer complaints against Luminate Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Luminate Bank compares to Minnesota peers
How we graded Luminate Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.0% capital ratio)
- Strongly profitable (ROA 3.11%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Luminate Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 2523 South Wayzata Boulevard, Minneapolis, MN 55405
- 208 W Front St, Claremont, MN 55924
Are deposits at Luminate Bank insured?
Yes. Luminate Bank is an FDIC-insured bank (FDIC certificate #16635). 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.
Luminate Bank: frequently asked questions
Is Luminate Bank a good bank?
Luminate 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 (10.0% capital ratio); Strongly profitable (ROA 3.11%).
Is Luminate Bank FDIC-insured?
Yes. Luminate Bank is a FDIC-insured bank (FDIC certificate #16635). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Luminate Bank?
Luminate Bank holds $517 million in total assets, ranking 31st of 224 banks we track in Minnesota. It operates 2 branches.
Does Luminate Bank have CFPB complaints?
No CFPB complaints against Luminate 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.
