ProGrowth Bank

Overview / Commentary
703 3rd Street
Nicollet, MN 56074-077

ProGrowth Bank is headquartered in NICOLLET and is the 58th largest bank in the state of Minnesota. It is also the 2,062nd largest bank in the nation. It was established in 1903 and as of March of 2024, it had grown to 31 employees at 4 locations. ProGrowth Bank's money market rates are 9X the national average, and it has a B+ health rating.


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Health Grade Components

FDIC Certificate #8536
Year Established1903
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD24.32%
Annual Interest Income$5.3MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$402.9MM$295.9MM
LoansQ1 2024vs Q1 2023$76MM$74.6MM
DepositsQ1 2024vs Q1 2023$344.3MM$243.4MM
Equity CapitalQ1 2024vs Q1 2023$15.5MM$11MM
Loan Loss AllowanceQ1 2024vs Q1 2023$648K$639K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$12K$21K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

ProGrowth Bank Savings Account Rates

3.66%*$250k*-Business Investor Account
OTHER TIERS: 0.04% $0 - $2.5k | 0.13% $2.5k - $10k | 1.76% $10k - $50k | 2.28% $50k - $100k | 2.89% $100k - $250k
0.94%*$100k*-Health Savings Account
OTHER TIERS: 0.04% $0 - $2.5k | 0.14% $2.5k - $10k | 0.61% $10k - $100k
0.72%$100-IRA Savings
0.06%$1-Panda Pals
0.06%$50-Lifeline Savings
0.06%$50-Business Statement Savings
0.04%$50-Classic Savings

ProGrowth Bank Money Market Rates

3.81%*$250k*-Platinum Money Market Savings Account
OTHER TIERS: 0.04% $0 - $2.5k | 0.13% $2.5k - $10k | 1.76% $10k - $50k | 1.96% $50k - $100k | 3.04% $100k - $250k
3.56%*$250k*-Business Money Market Savings Account
OTHER TIERS: 0.04% $0 - $2.5k | 0.10% $2.5k - $10k | 1.66% $10k - $50k | 2.08% $50k - $100k | 2.79% $100k - $250k
3.41%*$250k*-Gold Money Market Savings Account
OTHER TIERS: 0.04% $0 - $2.5k | 0.10% $2.5k - $10k | 1.56% $10k - $50k | 1.76% $50k - $100k | 2.66% $100k - $250k

ProGrowth Bank Checking Account Rates

0.26%*$100k*-Gold Rewards Checking
OTHER TIERS: 0.04% $0 - $2.5k | 0.14% $2.5k - $10k | 0.16% $10k - $50k | 0.21% $50k - $100k
0.26%*$100k*-Platinum Rewards Checking
OTHER TIERS: 0.04% $0 - $2.5k | 0.14% $2.5k - $10k | 0.16% $10k - $50k | 0.21% $50k - $100k
0.21%*$50k*-Silver Rewards Checking
OTHER TIERS: 0.04% $0 - $2.5k | 0.14% $2.5k - $10k | 0.16% $10k - $50k
0.05%$1k-Bronze Rewards Checking
0.05%$500-Gotta Grow It Business Checking

ProGrowth Bank CD Rates

5.15%$10k-9 Month CD Special
5.15%$10k-Business 9 Month CD Special
4.75%$10k$3m16 Month CD Special
4.75%$10k$3mBusiness 16 Month CD Special
4.70%$10k$3m25 Month CD Special
4.70%$10k$3mBusiness 25 Month CD Special
4.65%$10k-37 Month CD Special
4.65%$10k-Business 37 Month CD Special
4.60%$10k$3m49 Month CD Special
4.60%$10k$3mBusiness 49 Month CD Special
4.55%$10k-61 Month CD Special
4.55%$10k-Business 61 Month CD Special

ProGrowth Bank IRA Rates

1.87%*$100k*-36 Month IRA
OTHER TIERS: 1.77% $1k - $100k
1.67%*$100k*-24 Month IRA
OTHER TIERS: 1.57% $1k - $100k
1.16%*$100k*-12 Month IRA
OTHER TIERS: 1.10% $1k - $100k

ProGrowth Bank Locations
Progrowth Bank Branch120 North Augusta Court Suite 111Mankato, MN 56001
Progrowth Bank Branch320 Main StreetGaylord, MN 55334
Progrowth Bank703 3rd StNicollet, MN 56074

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