Park State Bank

About Us

Park State Bank has become of the larger independently owned banks in Minnesota with over one billion dollars in combined assets and a history committed to serving clients and small businesses in Minnesota for over one hundred years. Founded in the Morgan Park neighborhood of Duluth in 1916 and recapitalized by new ownership in 2015, the bank has grown from two locations to now operating sixteen locations, and a successful mortgage division, all located in communities across Minnesota.
We take great pride in our exceptional, high-touch personalized service and commitment to communities we serve. We are known for treating clients well and ensuring we make our communities a better place. Our continued growth means more opportunities for our employees, clients and an ability to give back even more to the communities we serve.
Thanks to our valued clients and our wonderful employees, Park State Bank was named the Top-Performing Community Bank in Minnesota with assets under $3 billion by S&P Global Market Intelligence the last four years (2017, 2018, 2019, 2020). Additionally, Park State Bank was included on the Minneapolis - St. Paul Business Journal's Fast 50 List as one of the 50 fastest growing companies for the past three years (2019, 2020, 2021.
The future is bright and our client centric approach to delivering financial solutions defines the way we do business with clients and small businesses.