Bank · FDIC insured
Reliance Bank
A $334.1M bank headquartered in Faribault, MN, with 1 branch in Minnesota. Best rates: CDs 3.79% and savings 0.20% APY.
Reliance Bank Carrot Score
67
Carrot Score
Higher than 19% of U.S. banks and credit unions
#6 of 8 in Faribault, MN metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Reliance Bank
Reliance Bank is a state-chartered, full-service bank headquartered in Faribault, Minnesota, where it opened on August 13, 2007.
The bank provides personal and business banking products with a stated focus on technology and small business relationships.
- Headquarters
- 2300 30th St Nw, Faribault, MN 55021
- FDIC certificate
- 58602 ↗
Branches
1 branch in Minnesota
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Minnesota
1 branch
- Reliance BankMain office2300 30th St Nw, Faribault, MN 55021Directions
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 | 8.98% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.25% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.84% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $87 | $81 | — |
- CapitalLeverage ratio8.98%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.25%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.84%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$87Peers’ 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 Reliance Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.