Vergas State Bank is a bank based in Vergas, Minnesota, established in 1909, with $59 million in total assets across 1 branch. By Trust Grade it ranks 77th of 224 banks we track in Minnesota. Its capital ratio of 14.7% is stronger than 71% of similarly sized banks, versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.13% return on assets. No consumer complaints against Vergas 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 Vergas State Bank compares to Minnesota peers
How we graded Vergas State Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (14.7% capital ratio)
- Strongly profitable (ROA 1.13%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Vergas State Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (1)
- 106 E Main St, Vergas, MN 56587
Are deposits at Vergas State Bank insured?
Yes. Vergas State Bank is an FDIC-insured bank (FDIC certificate #9747). 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.
Vergas State Bank: frequently asked questions
Is Vergas State Bank a good bank?
Vergas 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 (14.7% capital ratio); Strongly profitable (ROA 1.13%).
Is Vergas State Bank FDIC-insured?
Yes. Vergas State Bank is a FDIC-insured bank (FDIC certificate #9747). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Vergas State Bank?
Vergas State Bank holds $59 million in total assets, ranking 77th of 224 banks we track in Minnesota. It operates 1 branch.
Does Vergas State Bank have CFPB complaints?
No CFPB complaints against Vergas 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.
