Bank · FDIC insured
Park State Bank
A $1.5B bank headquartered in Duluth, MN, with 17 branches in Minnesota.
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Park State Bank
Founded in 1916 in Duluth's Morgan Park neighborhood and revitalized under new ownership in 2015, Park State Bank is an independently owned community bank.
The bank serves clients across the state of Minnesota.
- Headquarters
- 2630 W Superior St, Duluth, MN 55806
- FDIC certificate
- 8851 ↗
Branches
17 branches in Minnesota
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Minnesota
17 branches
Duluth area · 11
- Park State BankMain office2630 W Superior St, Duluth, MN 55806Directions
- Biwabik Branch221 Main St N, Biwabik, MN 55708Directions
- Chisholm Branch301 1st St Nw, Chisholm, MN 55719Directions
- First National Bank Branch101 W Lake St, Chisholm, MN 55719Directions
- Cook Branch128 N Highway 53, Cook, MN 55723Directions
- Mt Royal Branch120 Mount Royal Shopping Cir, Duluth, MN 55803Directions
- West Duluth Branch331 N Central Ave, Duluth, MN 55807Directions
- Hermantown Branch4161 Haines Road, Hermantown, MN 55811Directions
- Hibbing Downtown Branch2015 3rd Ave E, Hibbing, MN 55746Directions
- Mountain Iron/Expressway Branch8401 Unity Dr, Mountain Iron, MN 55768Directions
- Orr Branch4539 Highway 53, Orr, MN 55771Directions
Grand Rapids area · 3
- Grand Rapids North Branch428 Nw 4th Ave, Grand Rapids, MN 55744Directions
- Grand Rapids South Branch1215 S Pokegama Ave, Grand Rapids, MN 55744Directions
- Nashwauk Branch117 Central Ave, Nashwauk, MN 55769Directions
Minneapolis area · 1
- Minneapolis Branch3033 Excelsior Blvd, Minneapolis, MN 55416Directions
Silver Bay area · 1
- Silver Bay Branch88 Outer Dr, Silver Bay, MN 55614Directions
Two Harbors area · 1
- Two Harbors Branch613 1st Ave, Two Harbors, MN 55616Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.89% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.92% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 1.30% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $75 | $88 | — |
- CapitalLeverage ratio9.89%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.92%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets1.30%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$75Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Park State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.