Pioneer Bank (MN)

Overview / Commentary

www.bankwithpioneer.com

507-524-3630

301 Main Street
Mapleton, MN 56065-0306

Pioneer Bank (MN) is headquartered in MAPLETON and is the 23^rd largest bank in the state of Minnesota. It is also the 1,198^th largest bank in the nation. It was established in 1903 and as of March of 2023, it had grown to 127 employees at 8 locations. Pioneer Bank (MN)'s savings rates are 8X the national average, and it has a B+ health rating.

View all posts from:

2015

2/14 - Pioneer Bank (MN) RCA ($15K, 1.51%APY) To ($10K, 2.51%APY)

Reviews (2)

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Awesome Bank!

Posted by: OPH | Dec 14, 2022

I have had accounts with Pioneer Bank for over 5 years and have had a great experience with them. Excellent customer service!

Comment

Don't Bank Here!!!!!!!!

Posted by: MartinCarlson | Jan 21, 2023

1. Half the time the website is down so you can't see your balance. 2. your money is NOT your own once you deposit it's theirs! (they Block your online purchases every chance they get and they call good transactions fraud to prevent you from spending your own money) 3. Banker's hours. if you have a 9-5 job you can't talk to a banker without losing money by taking time off or you have to use your lunch (what little of it you have) to talk to a live person.

Comment

Health

B+

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	5193
Year Established	1903
Employees	127
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.2%
Return on Equity - YTD	15.32%
Annual Interest Income	$9.4MM

Assets and Liabilities
Assets	Q1 2023vs Q1 2022	$798.2MM$761.7MM
Loans	Q1 2023vs Q1 2022	$533.8MM$486.9MM
Deposits	Q1 2023vs Q1 2022	$713.0MM$689.5MM
Equity Capital	Q1 2023vs Q1 2022	$65.9MM$68.3MM
Loan Loss Allowance	Q1 2023vs Q1 2022	$5.9MM$5.4MM
Unbacked Noncurrent Loans	Q1 2023vs Q1 2022	$5.1MM$7.0MM
Real Estate Owned	Q1 2023vs Q1 2022	$66.00K$144.00K

Rates

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Savings
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Pioneer Bank (MN); 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.

Pioneer Bank (MN) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
4.33%^*	$10m^*	-	Platinum Plus Savings
OTHER TIERS: 0.25% → Up to $50k \| 2.27% → $50k - $100k \| 3.04% → $100k - $500k \| 3.81% → $500k - $2.5m \| 4.07% → $2.5m - $10m
3.00%	-	$50k	Kasasa Saver
0.10%	-	-	Regular Savings
0.10%	-	-	IRA Regular Savings
0.10%	-	-	Youth Regular Savings
0.05%	-	-	Thrift Savings

Pioneer Bank (MN) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
5.00%^*	-	$10k	Kasasa Cash
OTHER TIERS: 0.99% → $10k+
0.05%	-	-	Interest Checking

Pioneer Bank (MN) CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.09%	$500	-	9 Month CD
4.10%	$500	-	182 Day CD
3.50%	$10k	-	33 Month Bump Up CD
3.25%	$10k	-	22 Month Bump Up CD
1.00%	$500	-	48 Month CD
1.00%	$500	-	60 Month CD
0.75%	$500	-	24 Month CD
0.75%	$500	-	30 Month CD
0.75%	$500	-	36 Month CD
0.50%	$500	-	12 Month CD
0.50%	$500	-	18 Month CD
0.50%	$500	-	21 Month CD
0.10%	$500	-	91 Day CD

Pioneer Bank (MN) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
5.09%	$100	-	9 Month IRA
4.10%	$100	-	182 Day IRA
1.00%	$100	-	48 Month IRA
1.00%	$100	-	60 Month IRA
0.75%	$100	-	24 Month IRA
0.75%	$100	-	30 Month IRA
0.75%	$100	-	36 Month IRA
0.50%	$100	-	12 Month IRA
0.50%	$100	-	18 Month IRA
0.50%	$100	-	21 Month IRA
0.10%	$100	-	91 Day IRA

Locations

Pioneer Bank (MN) Locations
St. James Branch	123 Armstrong Boulevard South	St. James, MN 56081
North Mankato Branch	1735 Commerce Drive	North Mankato, MN 56003
Pioneer Bank	301 Main St E	Mapleton, MN 56065
320 Stadium Road Branch	320 Stadium Road, Suite 100	Mankato, MN 56001
Lewisville Branch	301 West Lewis Street	Lewisville, MN 56060
Madelia Br	34 Main Street	Madelia, MN 56062
Saint Peter Branch	220 South Third Street	Saint Peter, MN 56082
Mankato Adams Street Office Branch	1450 Adams Street	Mankato, MN 56001

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