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Lake Central Bank
✓ FDIC-insured · Active FDIC Certificate #10989
Lake Central Bank is an FDIC-insured state-chartered bank that is not a Federal Reserve member (supervised by the FDIC), headquartered in Annandale, Minnesota, established in 1893. As of the 06/30/2026 FDIC call report, it reported $291M in total assets and $257M in deposits. FDIC location data lists 3 offices in Minnesota. The FDIC classifies it as a community bank. It is owned by the holding company LAKE CENTRAL FINANCIAL INC (Annandale, MN).
Financial data as of the 06/30/2026 FDIC call report.
Where it operates
All 3 of Lake Central Bank's FDIC-listed offices are in Minnesota. Browse banks in Annandale for other local options.
Branch locations
| Lake Central Bank Clearwater Branch · Full Service - Brick And Mortar | 700 State Highway 24 North Clearwater, MN 55320 Map ↗ |
| Lake Central Bank Lake Central Bank · Full Service - Brick And Mortar | 40 Chestnut St W Annandale, MN 55302 Map ↗ |
| Lake Central Bank State Bank Of Danvers Branch · Full Service - Brick And Mortar | 2010 Minnesota Ave Benson, MN 56215 Map ↗ |
Holding company: LAKE CENTRAL FINANCIAL INC
The FDIC lists LAKE CENTRAL FINANCIAL INC, based in Annandale, MN, as the top holding company for Lake Central Bank. The FDIC shows no other active insured banks under the same holding company.
Similar-size banks in Minnesota
Active FDIC-insured banks headquartered in Minnesota with total assets closest to Lake Central Bank's $291M. See all banks in Minnesota.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| First State Bank Southwest | Pipestone | $410M | 6 |
| Crown Bank | Edina | $402M | 2 |
| BankCherokee | Saint Paul | $402M | 3 |
| The Citizens National Bank of Park Rapids | Park Rapids | $397M | 1 |
| Pine Country Bank | Little Falls | $380M | 4 |
| North Star Bank | Roseville | $379M | 2 |
| First Bank Elk River | Elk River | $369M | 4 |
| ProGrowth Bank | Nicollet | $365M | 4 |
Lake Central Bank: common questions
Is Lake Central Bank FDIC-insured?
Yes. Lake Central Bank is an active FDIC-insured institution, FDIC Certificate #10989. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is Lake Central Bank headquartered?
Lake Central Bank is headquartered at 40 Chestnut St W, Annandale, MN 55302, according to FDIC records.
How many branches does Lake Central Bank have?
FDIC location data lists 3 offices for Lake Central Bank, all in Minnesota.
Who owns Lake Central Bank?
The FDIC lists LAKE CENTRAL FINANCIAL INC of Annandale, MN as the top holding company for Lake Central Bank.
Source: FDIC BankFind Suite (institution, location, and call report data). BankNearMe.com does not rank or rate banks.