Grand Marais State Bank is a Commercial bank, state charter, Fed member, and supervised by the Federal Reserve Bank (FRB) based in Grand Marais, Minnesota, established in 09/16/1916. Operating with a focus on Commercial Lending Specialization, it offers a broad range of financial services across its 2 domestic offices and 0 foreign offices. As of the last update on 04/12/2024, Grand Marais State Bank reported total assets of $125,459 and manages deposits totaling $102,806 from its domestic operations. This institution is recognized for its commitment to stability and growth, reflected in a net income of $382 thousands last year. For more details, visit their website at www.grandmaraisstatebank.com.
Bank Information:
- Bank Name: Grand Marais State Bank
- Address: 211 E Highway 61, Grand Marais, Cook, MN, 55604
- Website: www.grandmaraisstatebank.com
Classification and Operations:
- State: Minnesota
- Institution Class: Commercial bank, state charter, Fed member, and supervised by the Federal Reserve Bank (FRB)
- Bank Class: State commercial bank, FRS member
- Specialization: Commercial Lending Specialization
- Regulatory Reporting Form Number:
Bank Office and Assets:
- Number of Domestic Offices: 2
- Number of Foreign Offices: 0
- Total Assets: $125,459
- Total Deposits: $102,806
- Domestic Office Deposits: $102,806
Financial Data:
- Net Income (Attributable to Bank): $382
Establishment and Record:
- Established Date: 09/16/1916
- Last Recorded Data on: 04/12/2024