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Flagship Bank Minnesota


Overview / Commentary
www.flagshipbanks.com
952-473-1959
1415 Wayzata Boulevard East
Wayzata, MN 55391-1938

Flagship Bank Minnesota is headquartered in Wayzata and is the 70th largest bank in the state of Minnesota. It is also the 2,441st largest bank in the nation. It was established in 1875 and as of March of 2020, it had grown to 45 employees at 6 locations. Flagship Bank Minnesota has an A+ health rating.

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Reviews (1)

Awesome Bank

Posted by: |

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!

3


Health
A+

Data as of Q1 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #8188
Year Established1875
Employees45
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD10.84%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$257.8MM$222.1MM
LoansQ1 2020vs Q1 2019$204.0MM$183.2MM
DepositsQ1 2020vs Q1 2019$223.7MM$196.8MM
Equity CapitalQ1 2020vs Q1 2019$25.5MM$23.8MM
Loan Loss AllowanceQ1 2020vs Q1 2019$1.3MM$1.1MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$50.00K$200.00K
Real Estate OwnedQ1 2020vs Q1 2019$186.00K$514.00K
Rates
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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.

Flagship Bank Minnesota Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$1-HSA Account
0.25%*$50*-Savings Account
OTHER TIERS: 0.05% → Up to $50
0.25%*$50*-Super Kids Savings
OTHER TIERS: 0.05% → Up to $50

Flagship Bank Minnesota Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$100k*-Money Market Account
OTHER TIERS: 0.15% → Up to $10k | 0.25% → $10k - $50k | 0.35% → $50k - $100k

Flagship Bank Minnesota Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$750k*-Admiral Business Checking
OTHER TIERS: 0.03% → Up to $5k | 0.05% → $5k - $100k | 0.15% → $100k - $750k
0.25%*$100k*-Non-Profit Business Checking
OTHER TIERS: 0.15% → Up to $100k
0.15%*$5k*-Regatta Checking
OTHER TIERS: 0.03% → Up to $5k
0.15%*$50k*-Senior Checking
OTHER TIERS: 0.03% → Up to $1k | 0.05% → $1k - $10k | 0.10% → $10k - $50k
0.03%--Interest Checking

Flagship Bank Minnesota CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%$500-60 Month CD
0.80%$500-48 Month CD
0.70%$500-36 Month CD
0.62%$500-18 Month CD
0.60%$500-12 Month CD
0.30%$500-6 Month CD
0.20%$500-3 Month CD
0.07%$500-24 Month CD

Flagship Bank Minnesota IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%$500-60 Month IRA
0.80%$500-48 Month IRA
0.70%$500-36 Month IRA
0.65%$500-24 Month IRA
0.62%$500-18 Month IRA
0.60%$500-12 Month IRA
0.30%$500-6 Month IRA
0.20%$500-3 Month IRA
Locations


Flagship Bank Minnesota Locations
Flagship Bank Minnesota1415 Wayzata Boulevard EastWayzata, MN 55391
Eden Prairie Branch7525 Office Ridge CircleEden Prairie, MN 55344
Ramsey Minnesota Branch14150 St. Francis BoulevardRamsey, MN 55303
Isanti Br711 6th Ave NeIsanti, MN 55040
Vadnais Heights Branch1048 Meadowlands DriveWhite Bear Lake, MN 55127
Minnetonka Branch3330 County Road 101 SWayzata, MN 55391

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