Vermillion State Bank is a Commercial bank, state charter, Fed non-member, supervised by the Federal Deposit Insurance Corporation (FDIC) based in Vermillion, Minnesota, established in 08/10/1918. Operating with a focus on All Other Under 1 Billion, it offers a broad range of financial services across its 6 domestic offices and 0 foreign offices. As of the last update on 04/12/2024, Vermillion State Bank reported total assets of $838,618 and manages deposits totaling $735,104 from its domestic operations. This institution is recognized for its commitment to stability and growth, reflected in a net income of $-870 thousands last year. For more details, visit their website at www.vermillionbank.com.
Bank Information:
- Bank Name: Vermillion State Bank
- Address: 107 Main St E, Vermillion, Dakota, MN, 55085
- Website: www.vermillionbank.com
Classification and Operations:
- State: Minnesota
- Institution Class: Commercial bank, state charter, Fed non-member, supervised by the Federal Deposit Insurance Corporation (FDIC)
- Bank Class: State commercial bank, not FRS member
- Specialization: All Other Under 1 Billion
- Regulatory Reporting Form Number:
Bank Office and Assets:
- Number of Domestic Offices: 6
- Number of Foreign Offices: 0
- Total Assets: $838,618
- Total Deposits: $735,104
- Domestic Office Deposits: $735,104
Financial Data:
- Net Income (Attributable to Bank): $-870
Establishment and Record:
- Established Date: 08/10/1918
- Last Recorded Data on: 04/12/2024