Heritage Bank Minnesota is a bank based in West Concord, Minnesota, established in 1930, with $123 million in total assets across 3 branches. By Trust Grade it ranks 206th of 224 banks we track in Minnesota. Its capital ratio of 6.0% trails most similarly sized banks (3th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 0.76% return on assets. No consumer complaints against Heritage Bank Minnesota appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Heritage Bank Minnesota compares to Minnesota peers
How we graded Heritage Bank Minnesota
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (6.0% capital ratio)
- Profitable (ROA 0.76%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Heritage Bank Minnesota over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (3)
- 37470 1st Avenue Ct, Dennison, MN 55018
- 181 Main St, West Concord, MN 55985
- 1520 Clinton Ln, Northfield, MN 55057
Are deposits at Heritage Bank Minnesota insured?
Yes. Heritage Bank Minnesota is an FDIC-insured bank (FDIC certificate #8865). 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.
Heritage Bank Minnesota: frequently asked questions
Is Heritage Bank Minnesota a good bank?
Heritage Bank Minnesota earns a Bankzia Trust Grade of B (82/100, "Strong"), based on a financial-strength score of 82/100 (it has no CFPB complaints on record). Well-capitalized (6.0% capital ratio); Profitable (ROA 0.76%).
Is Heritage Bank Minnesota FDIC-insured?
Yes. Heritage Bank Minnesota is a FDIC-insured bank (FDIC certificate #8865). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Heritage Bank Minnesota?
Heritage Bank Minnesota holds $123 million in total assets, ranking 206th of 224 banks we track in Minnesota. It operates 3 branches.
Does Heritage Bank Minnesota have CFPB complaints?
No CFPB complaints against Heritage Bank Minnesota 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.
