Progrowth Bank is a bank based in Nicollet, Minnesota, established in 1903, with $371 million in total assets across 4 branches. By Trust Grade it ranks 223rd of 224 banks we track in Minnesota. Its capital ratio of 5.2% trails most similarly sized banks (1th percentile), versus a Minnesota median of 9.5%. It posted a loss over the most recent period (-2.24% return on assets), a point to watch. No consumer complaints against Progrowth Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Progrowth Bank compares to Minnesota peers
How we graded Progrowth Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (5.2% capital ratio)
- Unprofitable over the period (ROA -2.24%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Progrowth Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (4)
- 120 N Augusta Ct, Mankato, MN 56001
- 45 Teton Ln, Mankato, MN 56001
- 703 3rd St, Nicollet, MN 56074
- 320 Main Ave, Gaylord, MN 55334
Are deposits at Progrowth Bank insured?
Yes. Progrowth Bank is an FDIC-insured bank (FDIC certificate #8536). 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.
Progrowth Bank: frequently asked questions
Is Progrowth Bank a good bank?
Progrowth Bank earns a Bankzia Trust Grade of F (56/100, "Weak"), based on a financial-strength score of 56/100 (it has no CFPB complaints on record). Well-capitalized (5.2% capital ratio); Unprofitable over the period (ROA -2.24%).
Is Progrowth Bank FDIC-insured?
Yes. Progrowth Bank is a FDIC-insured bank (FDIC certificate #8536). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Progrowth Bank?
Progrowth Bank holds $371 million in total assets, ranking 223rd of 224 banks we track in Minnesota. It operates 4 branches.
Does Progrowth Bank have CFPB complaints?
No CFPB complaints against Progrowth 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.
