Minster Bank

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

Minster Bank is headquartered in MINSTER and is the 46th largest bank in the state of Ohio. It is also the 1,310th largest bank in the nation. It was established in 1914 and as of March of 2023, it had grown to 92 employees at 8 locations. Minster Bank has a B 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 - YTD1.71%
Return on Equity - YTD28.62%
Annual Interest Income$6.6MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$698.1MM$777.0MM
LoansQ1 2023vs Q1 2022$307.8MM$264.4MM
DepositsQ1 2023vs Q1 2022$632.8MM$709.3MM
Equity CapitalQ1 2023vs Q1 2022$45.1MM$47.6MM
Loan Loss AllowanceQ1 2023vs Q1 2022$3.8MM$3.8MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$232.00K$304.00K
Real Estate OwnedQ1 2023vs Q1 2022$0$0

Rates for Minster Bank are currently being reviewed.


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 W 4th StMinster, OH 45865
Minster Bank At Wagners Iga265 East Fourth StreetMinster, OH 45865
Vandalia-Butler Branch8530 North Dixie DriveDayton, OH 45414

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.