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Overview / Commentary
651-777-7700
2866 White Bear Avenue
Maplewood, MN 55109

Premier Bank (MN) is headquartered in Maplewood and is the 14th largest bank in the state of Minnesota. It is also the 1,072nd largest bank in the nation. It was established in 1974 and as of September of 2016, it had grown to 83 employees at 8 locations. Premier Bank (MN) has a B+ health rating.

Reviews (1)

Sub-Par Bank..., That Is Religious?

Posted by: Thomas777 | Jul 19, 2016

Overall, Premier Banks (yes plural, multiple charters) is kept alive by a loyal customer basis. And yes, they do have good customer service, but Premier Banks is a very outdated institution that is slow to change. Many of its employees have been employees since the bank opened and they are stuck in their ways (especially the chairman, who is now 80+ years old). Their goal is to be an "small old timey bank," which appeals to their older and more conservative customers. But this will help to alienate their younger customers who want an interactive mobile banking experience. I would expect and urge them to look elsewhere. In addition, this bank is run by individuals who are blatantly christian. And keep in mind that choosing this bank may mean you're putting your money in a bank that openly supports politically conservative viewpoints and charities.

(This is my perspective as a former employee)



Health
B+

Health Grade Components

Overall
FDIC Certificate #21714
Year Established1974
Employees83
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD11.04%
Annual Interest Income$18.6MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$676.0MM$633.3MM
LoansQ3 2016vs Q3 2015$505.1MM$472.3MM
DepositsQ3 2016vs Q3 2015$603.3MM$562.2MM
Equity CapitalQ3 2016vs Q3 2015$68.2MM$65.8MM
Loan Loss AllowanceQ3 2016vs Q3 2015$6.7MM$6.2MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$7.1MM$10.7MM
Real Estate OwnedQ3 2016vs Q3 2015$15.6MM$21.8MM
Rates

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Locations

Premier Bank (MN) has 21 locations. Click to view all Premier Bank (MN) locations.