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Grand Marais State Bank Locations & Branches Grand Marais, Minnesota
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Grand Marais State Bank operates 5 branches from its headquarters in Grand Marais, MN, .
Grand Marais State Bank branch network
All 5 branches are in MINNESOTA, across 5 cities. Its largest office by deposits is its main office in Grand Marais, MN, with $100.3M (52.9% of its branch deposits). On June 30, 2025 it had 2 branches, 3 fewer than in 2026.
Grand Marais State Bank at a glance
Its CET1 capital ratio was 13.41% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Total assets, Q2 2026
- $207.2M
- CET1 ratio, Q2 2026
- 13.41%
- Deposit insurance
- FDIC
- Regulator
- Federal Reserve
- Latest call report
- Q2 2026, FFIEC 051
- Established
- 1916
Full financial profile · Is Grand Marais State Bank safe? · Grand Marais State Bank call report · Routing number
Deposit market share
Share of all FDIC-insured deposits held in each area, from the June 30, 2026 Summary of Deposits. Rank 1 is the largest holder. Shares are by bank charter, not by holding company.
| Area | Rank | Deposit share | Deposits |
|---|---|---|---|
| City: Grand Marais, MN (1 branch) | 1 of 2 | 82.0% | $100.3M |
| State: MN (5 branches) | 140 of 277 | <0.1% | $189.6M |
Ranked by total assets among banks headquartered in the state: Largest banks in Minnesota.
Share by county and metro area
Grand Marais State Bank's share of FDIC-insured deposits in the counties and metro areas where it has branches, from the June 30, 2026 Summary of Deposits. Up to the ten largest of each are shown, by the bank's deposits. Rank 1 is the largest holder. Banks only: credit unions are not in the Summary of Deposits.
Counties
| County | Rank | Deposit share | Deposits | County total |
|---|---|---|---|---|
| Cook, MN (2 branches) | 1 of 2 | 83.8% | $113.5M | $135.5M |
| Big Stone, MN (1 branch) | 3 of 5 | 14.0% | $37.2M | $265.6M |
| Renville, MN (1 branch) | 7 of 9 | 5.0% | $23.5M | $466.4M |
| Mcleod, MN (1 branch) | 8 of 8 | 1.1% | $15.3M | $1.35B |
Metro areas
| Metro area | Rank | Deposit share | Deposits | Metro total |
|---|---|---|---|---|
| Hutchinson, MN (1 branch) | 8 of 8 | 1.1% | $15.3M | $1.35B |
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Grand Marais State Bank (main office) | Grand Marais, MN | 55604 | $100.3M |
| Ortonville Branch | Ortonville, MN | 56278 | $37.2M |
| Buffalo Lake Branch | Buffalo Lake, MN | 55314 | $23.5M |
| Hutchinson Branch | Hutchinson, MN | 55350 | $15.3M |
| Tofte Branch | Tofte, MN | 55615 | $13.2M |
Source: FDIC Summary of Deposits, June 30, 2026. How the survey works.
Regulator records: FDIC BankFind (cert 8842) · FFIEC NIC profile (RSSD 945950)