Platinum Bank is a bank based in Oakdale, Minnesota, established in 2007, with $708 million in total assets across 2 branches. By Trust Grade it ranks 151st of 224 banks we track in Minnesota. Its capital ratio of 8.5% trails most similarly sized banks (21th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.34% return on assets. No consumer complaints against Platinum Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Platinum Bank compares to Minnesota peers
How we graded Platinum Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.5% capital ratio)
- Strongly profitable (ROA 1.34%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Platinum Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 7667 10th St N, Oakdale, MN 55128
- 605 Highway 169 N, Plymouth, MN 55441
Are deposits at Platinum Bank insured?
Yes. Platinum Bank is an FDIC-insured bank (FDIC certificate #58511). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Platinum Bank: frequently asked questions
Is Platinum Bank a good bank?
Platinum Bank earns a Bankzia Trust Grade of A (92/100, "Excellent"), based on a financial-strength score of 92/100 (it has no CFPB complaints on record). Well-capitalized (8.5% capital ratio); Strongly profitable (ROA 1.34%).
Is Platinum Bank FDIC-insured?
Yes. Platinum Bank is a FDIC-insured bank (FDIC certificate #58511). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Platinum Bank?
Platinum Bank holds $708 million in total assets, ranking 151st of 224 banks we track in Minnesota. It operates 2 branches.
Does Platinum Bank have CFPB complaints?
No CFPB complaints against Platinum Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
