Grand Marais, MN
Bank Grand Marais State Bank
Grand Marais State Bank is a federally insured bank based in Grand Marais, Minnesota.
- Type
- Bank
- Charter
- State-chartered commercial bank, Federal Reserve member
- Primary regulator
- FED
- Established
- September 16, 1916
- Headquarters
- Grand Marais, MN
- FDIC certificate #
- 8842
- Fed RSSD ID
- 945950
- Holding company
- Central Trust Co
- Website
- www.grandmaraisstatebank.com
$201.5M
Total assets Data as of Q1 2026
$182.4M
Total deposits Data as of Q1 2026
5
Branch locations Data as of Q1 2026
$755K
Net income Data as of Q1 2026
1.47%
Return on assets Data as of Q1 2026
Source: U.S. FDIC BankFind & NCUA 5300 Call Report (public data). Data sources · Data as of Q1 2026
Branches by state
Grand Marais State Bank operates 5 branch locations in Minnesota. Select a state to drill down to its towns and individual branches.
Ownership
Grand Marais State Bank is owned by Central Trust Co, which also owns 1 other institution. See the full ownership & merger history.
Grand Marais State Bank financial summary
Other banks in Minnesota
Federally insured banks headquartered in Minnesota, by total assets.
- Ameriprise Bank, FSB $25.51B
- Bridgewater Bank $5.32B
- Frandsen Bank & Trust $3.69B
- Stearns Bank National Association $3.3B
- Minnwest Bank $2.97B
- Merchants Bank, National Association $2.93B
- Tradition Capital Bank $2.68B
- Think Mutual Bank $2.27B
Similar-size banks
Institutions close to Grand Marais State Bank’s $201.5M in assets.
- Simmesport State Bank $201.6M
- First State Bank $201.7M
- First Federal Savings Bank of Champaign Urbana $202M
- First National Bank in Taylorville $201M
- Foundation One Bank $200.9M
- Horizon Financial Bank $202.2M
Also owned by Central Trust Co
- Central Bank and Trust $207M