KleinBank is headquartered in Big Lake and is the 3rd largest bank in the state of Minnesota. It is also the 409th largest bank in the nation. It was established in 1925 and as of June of 2016, it had grown to 390 employees at 24 locations. KleinBank has an A health rating.
I am very dissatisfied with KleinBank in Chanhassen. I was merely trying to renew a equity loan, and all they did was send me offers of higher payments. When they came down to where we began over 30 days had passed, and when it came to closing, my loan officer was on vacation, so they threatened liens and foreclosure if I didn't sign their new contract (with additional fees) because the loan was not written correctly in the first place. They forced me to close before my loan officer returned, so they would not have to admit to their own mistakes. I have been with this bank for over ten years and they treat me like a fool, called me a liar, and bullied me. if you bank with these guys, document everything..conversations..date... times etc.
|FDIC Certificate #||1414|
|Return on Assets - YTD||1.12%|
|Return on Equity - YTD||10.33%|
|Annual Interest Income||$29.8MM|
|Assets and Liabilities|
|Assets||Q2 2016vs Q2 2015||$1.91B$1.86B|
|Loans||Q2 2016vs Q2 2015||$954.4MM$826.4MM|
|Deposits||Q2 2016vs Q2 2015||$1.59B$1.60B|
|Equity Capital||Q2 2016vs Q2 2015||$216.2MM$191.0MM|
|Loan Loss Allowance||Q2 2016vs Q2 2015||$14.4MM$15.7MM|
|Unbacked Noncurrent Loans||Q2 2016vs Q2 2015||$5.2MM$6.2MM|
|Real Estate Owned||Q2 2016vs Q2 2015||$730.00K$589.00K|
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