Ultima Bank Minnesota is a bank based in Winger, Minnesota, established in 1904, with $319 million in total assets across 6 branches. By Trust Grade it ranks 73rd of 224 banks we track in Minnesota. Its capital ratio of 10.7% is stronger than 59% of similarly sized banks, versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.63% return on assets. No consumer complaints against Ultima Bank Minnesota appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Ultima Bank Minnesota compares to Minnesota peers
How we graded Ultima Bank Minnesota
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.7% capital ratio)
- Strongly profitable (ROA 1.63%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Ultima Bank Minnesota over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (6)
- 112 Main St, Gary, MN 56545
- 603 Hilligoss Blvd Se, Fosston, MN 56542
- 101 Central Ave E, Plummer, MN 56748
- 101 Shevlin Ave Sw, Bemidji, MN 56601
- 9 W Minnesota Ave, Winger, MN 56592
- 205 Demers Ave, East Grand Forks, MN 56721
Are deposits at Ultima Bank Minnesota insured?
Yes. Ultima Bank Minnesota is an FDIC-insured bank (FDIC certificate #8867). 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.
Ultima Bank Minnesota: frequently asked questions
Is Ultima Bank Minnesota a good bank?
Ultima Bank Minnesota earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (10.7% capital ratio); Strongly profitable (ROA 1.63%).
Is Ultima Bank Minnesota FDIC-insured?
Yes. Ultima Bank Minnesota is a FDIC-insured bank (FDIC certificate #8867). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Ultima Bank Minnesota?
Ultima Bank Minnesota holds $319 million in total assets, ranking 73rd of 224 banks we track in Minnesota. It operates 6 branches.
Does Ultima Bank Minnesota have CFPB complaints?
No CFPB complaints against Ultima Bank Minnesota 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.
