No stored Google rating available.
FDIC-insured bank offering checking, savings, CDs, mortgages, and business banking solutions with a community-focused approach.
Data compiled from public sources
Park State Bank is a traditional community bank that emphasizes local presence and personalized service. The bank operates with FDIC insurance backing, providing depositors with federal protection up to applicable limits. Based on their website positioning, they serve both individual consumers and small business customers across multiple communities.
Park State Bank offers a comprehensive suite of retail and commercial banking products. For consumers, they provide deposit accounts (checking, savings, certificates of deposit), online banking with bill pay capabilities, and residential mortgage solutions including purchase loans, refinance options, and FHA/VA products. For businesses, they offer commercial banking services with dedicated business bankers who work within local communities to understand client needs.
The bank differentiates itself through community integration and local decision-making. Their marketing emphasizes that mortgage team members "live and work in the communities we serve" and that business bankers are embedded in local markets to provide tailored solutions. This contrasts with larger national banks by highlighting relationship banking and community commitment as core values.
Park State Bank is a straightforward regional/community bank without listed services like credit cards, credit repair, or alternative lending products. Their website provides limited details about specific account features, fee structures, interest rates, or loan terms, requiring prospective customers to contact the bank directly for detailed product information.
This is state-level context for Banks consumers in Duluth, MN. It does not confirm that Park State Bank or this specific location is licensed.
State regulator
Minnesota Department of Commerce
Consumer protection
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Park State Bank processed 211 mortgage applications in 2023, with 79.1% recorded as approved across 5 states.
211
Applications
79.1%
Approval Rate
$268K
Avg Loan
5
States Served
Based on 211 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Park State Bank offers 12 services including Checking accounts, Savings accounts, Certificates of Deposit (CDs), Online banking platform, Bill pay services, and 7 more.
Park State Bank has profile signals associated with Customers seeking traditional full-service banking with local community presence, Small business owners wanting relationship-based commercial banking, Homebuyers interested in mortgage services from locally-embedded loan officers, Savers looking for FDIC-insured deposit products including CDs.
Key strengths: FDIC-insured deposits provide federal protection; Online banking platform with bill pay functionality available; Community-based mortgage team with local presence and decision-making. Areas to consider: Website lacks transparency on specific interest rates, APY, and account fees; No credit card products or rewards programs mentioned.
In the Banks category, comparable providers include Alliance Bank, American Heritage National Bank, Ameriprise Bank, FSB. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Park State Bank is profile signals for customers who prioritize community banking relationships, local decision-making, and personalized service over digital-first or listed financial products. The main caveat is that prospective customers must contact the bank directly for critical details about rates, fees, and loan terms, as this information is not published on their website.
Alliance Bank Lake City, MN — FDIC-insured community bank headquartered in St. Paul, Minnesota, offering checking, savings, mortgages, business banking,...
Profile signals: Minnesota-based farmers and agricultural business owners needing listed lending, Small business owners in Minnesota seeking integrated payroll and cash management tools
Community bank in St. Cloud, Minnesota operating since 1881 with six locations. Offers personal, business, and wealth management services with distinctive log cabin architecture.
Profile signals: Central Minnesota residents seeking personalized banking relationships with a locally-rooted community bank, Small business owners in St. Cloud, Clearwater, Avon, Long Prairie, or Browerville wanting local decision-making
Ameriprise Bank, FSB is a diversified financial services firm offering financial planning, investment advisory, and banking services through a network of dedicated advisors.
Profile signals: Individuals seeking comprehensive financial planning with dedicated advisor relationships, Investors looking for integrated wealth management and investment advisory services
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