Minster Bank

Overview / Commentary
95 West 4th Street
Minster, OH 45865

Minster Bank is headquartered in Minster and is the 41st largest bank in the state of Ohio. It is also the 1,221st largest bank in the nation. It was established in 1914 and as of March of 2022, it had grown to 93 employees at 8 locations. Minster Bank has an A health rating.

Reviews (1)

Do Not Bank With Minster Bank

I am a Business owner.  In the past I have delt with larger banks, but decided to do my business with a smaller bank to develop a more personal relationship.  So I chose Minster Bank.  This would prove to be a huge mistake!  Minster Bank is not at all business friendly. 

I own a company with approximately 15 employees.  We are a growing business, and cash flow is very imporatant.  Mister Bank said they would be willing to work with us.  This turned out to be false.  Checks that would be deposited into the Business Checking would be held for 7-10 BUSINESS DAYS with NO NOTICE!  10 DAYS BEFORE THE MONEY WAS RELEASED!  This was common practice for the bank.  In the mean time any purchases of checks that were made against the already deposited, we cleared but charged large fees.  When I would check with the companies who issued the checks to my company, I was informed the checks had cleared their bank the day I deposited them with Minster.  They knew we needed our money, they had our money, and they knew by holding it we would be willing to pay the fees because e had no choice.

After questioning the bank manager both at the branch level as well as corperate level, I was told it was Ohio law to hold checks of over $5,000.00 for that amount of time.  They said any bank would do the same.  After checking the state laws as well as the practices of other banks, I found these statements to be blatent lies.  I have since closed my account with minster and taken my banking business elsewhere.  In my short time with the bank, I incurred housands of dollars in charges as a result of Minster Banks practices. 

If you are considering doing business with this bank, I would advise you to reconsider.  You can get better service elsewhere, and you will be better off for doing so!


Health Grade Components

FDIC Certificate #763
Year Established1914
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.79%
Return on Equity - YTD11.59%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$777.0MM$680.3MM
LoansQ1 2022vs Q1 2021$264.4MM$302.2MM
DepositsQ1 2022vs Q1 2021$709.3MM$604.4MM
Equity CapitalQ1 2022vs Q1 2021$47.6MM$53.7MM
Loan Loss AllowanceQ1 2022vs Q1 2021$3.8MM$3.7MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$304.00K$384.00K
Real Estate OwnedQ1 2022vs Q1 2021$0$0
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Always verify rates and promotions with the bank or credit union. We are not Minster Bank; 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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Minster Bank Savings Account Rates

0.30%*$25k*-Investment Savings
OTHER TIERS: 0.05% Up to $5k | 0.15% $5k - $10k | 0.20% $10k - $25k
0.15%--Regular Savings

Minster Bank CD Rates

0.60%*$10k*-60 Month CD
OTHER TIERS: 0.20% $1k+
0.25%$5k-26 Month CD Special
0.20%*$10k*-48-59 Month CD
OTHER TIERS: 0.10% $1k+
0.20%$5k-9 Month CD Special
0.15%*$10k*-36-47 Month CD
OTHER TIERS: 0.05% $1k+
0.15%*$10k*-24-35 Month CD
OTHER TIERS: 0.02% $1k+
0.05%*$10k*-12 - 17 Month CD
OTHER TIERS: 0.01% $1k - $10k
0.05%*$10k*-18 - 23 Month CD
OTHER TIERS: 0.02% $1k - $10k
0.03%*$10k*-6-11 Month CD
OTHER TIERS: 0.01% $1k+

Minster Bank IRA Rates

0.60%*$10k*-60 Month IRA
OTHER TIERS: 0.20% $1k+
0.25%$5k-26 Month IRA Special
0.20%*$10k*-48-59 Month IRA
OTHER TIERS: 0.10% $1k+
0.15%*$10k*-24-35 Month IRA
OTHER TIERS: 0.02% $1k+
0.15%*$10k*-36-47 Month IRA
OTHER TIERS: 0.05% $1k+
0.05%*$10k*-12 - 17 Month IRA
OTHER TIERS: 0.01% $1k - $10k
0.05%*$10k*-18 - 23 Month IRA
OTHER TIERS: 0.02% $1k - $10k
0.03%*$1k*-6-11 Month IRA
OTHER TIERS: 0.01% $10k+

Minster Bank Locations
Sidney Banking Center Branch117 West Russell RoadSidney, OH 45365
Troy Banking Center Branch1280 Experiment Farm RdTroy, OH 45373
St. Marys Banking Center Branch301 West High StreetSt. Marys, OH 45885
New Bremen Branch443 South Washington StreetNew Bremen, OH 45869
Wapakoneta Banking Center Branch607 North Defiance StreetWapakoneta, OH 45895
Minster Bank95 West 4th StreetMinster, OH 45865
Minster Bank At Wagners Iga265 East Fourth StreetMinster, OH 45865
Vandalia-Butler Branch8530 North Dixie DriveDayton, OH 45414

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