Gateway Bank


Overview / Commentary
651-209-4800
745 Market Street
Mendota Heights, MN 55118

Gateway Bank is headquartered in Mendota Heights and is the 86th largest bank in the state of Minnesota. It is also the 2,593rd largest bank in the nation. It was established in 2004 and as of June of 2022, it had grown to 28 employees at 2 locations. Gateway Bank has an A health rating.

Reviews (2)

Good Neighborhood Bank.

Posted by: |

Good bank with friendly tellers!

CD Opening Requires In-Person Visit

I just called Gateway Bank in Minnesota to explore funding of a new 36-month CD via an ach transfer from my personal checking account at an Ohio bank. They said they will not do an ach or wire transfer to open an account for a new customer, nor will they accept a mailed check. I'm 800 miles away.



Health

Health Grade Components

Overall
FDIC Certificate #57644
Year Established2004
Employees28
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.12%
Return on Equity - YTD14.15%
Annual Interest Income$4.5MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$277.7MM$268.2MM
LoansQ2 2022vs Q2 2021$175.2MM$175.4MM
DepositsQ2 2022vs Q2 2021$255.2MM$244.5MM
Equity CapitalQ2 2022vs Q2 2021$22.1MM$21.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$3.4MM$2.6MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$0$0
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for Gateway Bank are currently being reviewed.

Locations


Gateway Bank Locations
Gateway Bank745 Market StMendota Heights, MN 55118
Edina Branch4530 France Avenue SouthEdina, MN 55410

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