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Grand Marais State Bank
✓ FDIC-insured · Active FDIC Certificate #8842
Grand Marais State Bank is an FDIC-insured state-chartered bank that is a member of the Federal Reserve System, headquartered in Grand Marais, Minnesota, established in 1916. As of the 06/30/2026 FDIC call report, it reported $207M in total assets and $190M in deposits. FDIC location data lists 5 offices in Minnesota. The FDIC classifies it as a community bank. It is owned by the holding company CENTRAL TRUST CO (Sioux Falls, SD).
Financial data as of the 06/30/2026 FDIC call report.
Where it operates
All 5 of Grand Marais State Bank's FDIC-listed offices are in Minnesota. Browse banks in Grand Marais for other local options.
Branch locations
| Grand Marais State Bank Ortonville Branch · Full Service - Brick And Mortar | 113 1st St Nw Ortonville, MN 56278 Map ↗ |
| Grand Marais State Bank Tofte Branch · Full Service - Brick And Mortar | 4 Johannes Lane Tofte, MN 55615 Map ↗ |
| Grand Marais State Bank Grand Marais State Bank · Full Service - Brick And Mortar | 211 E Highway 61 Grand Marais, MN 55604 Map ↗ |
| Grand Marais State Bank Buffalo Lake Branch · Full Service - Brick And Mortar | 109 W Yellowstone Trl Buffalo Lake, MN 55314 Map ↗ |
| Grand Marais State Bank Hutchinson Branch · Full Service - Brick And Mortar | 1380 Montreal St Se Hutchinson, MN 55350 Map ↗ |
Holding company: CENTRAL TRUST CO
The FDIC lists CENTRAL TRUST CO, based in Sioux Falls, SD, as the top holding company for Grand Marais State Bank. It also owns one other FDIC-insured bank:
- Central Bank and Trust, Lander, WY ($203M in assets)
FDIC deposit insurance applies separately to each insured bank charter, even when they share a holding company. Confirm the charter before you spread deposits.
Similar-size banks in Minnesota
Active FDIC-insured banks headquartered in Minnesota with total assets closest to Grand Marais State Bank's $207M. See all banks in Minnesota.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| The State Bank of Faribault | Faribault | $329M | 3 |
| Citizens Bank & Trust Co. | Hutchinson | $329M | 3 |
| First Bank Blue Earth | Blue Earth | $323M | 1 |
| Gateway Bank | Mendota Heights | $320M | 2 |
| Citizens Independent Bank | Saint Louis Park | $314M | 4 |
| Neighborhood National Bank | Mora | $312M | 6 |
| PrinsBank | Prinsburg | $308M | 4 |
| Minnesota National Bank | Sauk Centre | $298M | 3 |
Grand Marais State Bank: common questions
Is Grand Marais State Bank FDIC-insured?
Yes. Grand Marais State Bank is an active FDIC-insured institution, FDIC Certificate #8842. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is Grand Marais State Bank headquartered?
Grand Marais State Bank is headquartered at 211 E Highway 61, Grand Marais, MN 55604, according to FDIC records.
How many branches does Grand Marais State Bank have?
FDIC location data lists 5 offices for Grand Marais State Bank, all in Minnesota.
Who owns Grand Marais State Bank?
The FDIC lists CENTRAL TRUST CO of Sioux Falls, SD as the top holding company for Grand Marais State Bank. The same holding company owns 1 other FDIC-insured bank.
Source: FDIC BankFind Suite (institution, location, and call report data). BankNearMe.com does not rank or rate banks.