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.
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.
|FDIC Certificate #||57644|
|Return on Assets - YTD||1.12%|
|Return on Equity - YTD||14.15%|
|Annual Interest Income||$4.5MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$277.7MM$268.2MM|
|Loans||Q2 2022vs Q2 2021||$175.2MM$175.4MM|
|Deposits||Q2 2022vs Q2 2021||$255.2MM$244.5MM|
|Equity Capital||Q2 2022vs Q2 2021||$22.1MM$21.3MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$3.4MM$2.6MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$0$0|
|Real Estate Owned||Q2 2022vs Q2 2021||$0$0|
Rates for Gateway Bank are currently being reviewed.
|Gateway Bank Locations|
|Gateway Bank||745 Market St||Mendota Heights, MN 55118|
|Edina Branch||4530 France Avenue South||Edina, MN 55410|