Bank · FDIC insured
ProGrowth Bank
A $364.8M bank headquartered in Nicollet, MN, with 3 branches in Minnesota. Best rates: CDs 4.15% and savings 0.06% APY.
ProGrowth Bank Carrot Score
70
Carrot Score
Higher than 26% of U.S. banks and credit unions
#9 of 16 in Mankato, MN metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About ProGrowth Bank
ProGrowth Bank is a locally owned bank owned by Phil and Sue Keithahn.
The bank operates branch locations in Nicollet, Mankato, and Gaylord, Minnesota.
- Headquarters
- 703 3rd St, Nicollet, MN 56074
- FDIC certificate
- 8536 ↗
Branches
3 branches in Minnesota
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Minnesota
3 branches
Mankato area · 2
- ProGrowth BankMain office703 3rd St, Nicollet, MN 56074Directions
- Progrowth Bank Branch120 N Augusta Ct, Mankato, MN 56001Directions
Gaylord area · 1
- Progrowth Bank Branch320 Main Ave, Gaylord, MN 55334Directions
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 | 7.09% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.00% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | -1.12% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $25 | $81 | — |
- CapitalLeverage ratio7.09%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.00%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets-1.12%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$25Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 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 ProGrowth Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.