Flagship Bank Minnesota is headquartered in Wayzata and is the 74th largest bank in the state of Minnesota. It is also the 2,442nd largest bank in the nation. It was established in 1875 and as of December of 2020, it had grown to 48 employees at 6 locations. Flagship Bank Minnesota has an A health rating.
Flagship Bank is a very solid bank that offers Great Customer Service and does not try to put you into services you do not want.
My previous bank (Lake Area Bank) changed up their offerings and you had to take all of their services. Plus they started charging fees for just about everything even though I maintained a 20K plus balance.
Flagship Bank pays much better interest rates as well as having the Best Customer Service I have ever experienced. I highly recommend Flagship Bank!
Overall | |
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FDIC Certificate # | 8188 |
Year Established | 1875 |
Employees | 48 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.15% |
Return on Equity - YTD | 12.51% |
Annual Interest Income | $12.9MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $291.6MM$239.2MM |
Loans | Q4 2020vs Q4 2019 | $226.3MM$206.1MM |
Deposits | Q4 2020vs Q4 2019 | $256.7MM$206.0MM |
Equity Capital | Q4 2020vs Q4 2019 | $26.6MM$24.7MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $2.1MM$1.2MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $44.00K$52.00K |
Real Estate Owned | Q4 2020vs Q4 2019 | $120.00K$186.00K |
Always verify rates and promotions with the bank or credit union. We are not Flagship Bank Minnesota; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.20% | $1 | - | HSA Account | ||
0.10%* | $50* | - | Savings Account | ||
OTHER TIERS: 0.05% → Up to $50 | |||||
0.10%* | $50* | - | Super Kids Savings | ||
OTHER TIERS: 0.05% → Up to $50 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.10%* | $100k* | - | Money Market Account | ||
OTHER TIERS: 0.05% → Up to $10k | 0.08% → $10k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.50% | $500 | - | 60 Month CD | |
0.40% | $500 | - | 48 Month CD | |
0.30% | $500 | - | 36 Month CD | |
0.20% | $500 | - | 24 Month CD | |
0.17% | $500 | - | 18 Month CD | |
0.15% | $500 | - | 12 Month CD | |
0.10% | $500 | - | 6 Month CD | |
0.05% | $500 | - | 3 Month CD |
Flagship Bank Minnesota Locations | ||
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Flagship Bank Minnesota | 1415 Wayzata Boulevard East | Wayzata, MN 55391 |
Eden Prairie Branch | 7525 Office Ridge Circle | Eden Prairie, MN 55344 |
Ramsey Minnesota Branch | 14150 St. Francis Boulevard | Ramsey, MN 55303 |
Isanti Br | 711 6th Ave Ne | Isanti, MN 55040 |
Vadnais Heights Branch | 1048 Meadowlands Drive | White Bear Lake, MN 55127 |
Minnetonka Branch | 3330 County Road 101 S | Wayzata, MN 55391 |