Bank Local. BankIn Minnesota. 

What is a Community Bank? 

Whether you’re managing your own finances or funding your small business, you need a partner you can trust – someone you feel comfortable asking questions and who has your best interests at heart. You need a community bank. 

A community bank can do much of what the big banks do, but with a local, personal touch. Your community bankers are your neighbors, coaches, business patrons, and friends. They care about and reinvest in your community because it’s their community too. 

Find Your Community Bank

There are more than 600 community bank branches in Minnesota. Find the one nearest you!

Find a Community Bank Near Me - View in a full screen map

Community Bank Impact: BankIn Minnesota Blog

Read about the impact Minnesota community banks have had on families, neighborhoods, cities, and small businesses.

Funding the Heartland: How Minnesota Community Banks Shaped Ag Lending

Minnesota farmers have long relied on community banks for agricultural lending to keep up with their demanding work.

How Minnesota's Community Banks Drive Local Impact

Minnesota’s community banks are vital to the communities they support.

The Vital Role of Minnesota's Community Banks in Supporting Small Businesses

When the COVID-19 pandemic struck, small businesses faced unprecedented – and evolving – challenges. Community banks worked to support these businesses however they could.

Breaking Free from Big Banks with Your Local Community Bank

You can break free from big banks and take an active role in your personal finances – and you can trust your community banker has your back.

Q: What is a community bank?

A community bank is a financial institution that operates locally and focuses on serving the needs of individuals, small businesses, and communities within a specific geographic area. Community banks are often owned and operated by members of the communities they serve.

Q: How are community banks different from big banks?

Community banks emphasize personalized service, local decision making, and community involvement. They typically have a deep understanding of their local market and are more accessible to customers, offering a more personalized banking experience than national or regional bank chains.

Q: What’s the difference between a community bank and a credit union?

While community banks and credit unions often serve local communities with more personalized service than big banks, they differ in tax status. Credit unions were originally established as non-profit financial cooperatives, usually serving specific groups like trade professions. While they are no longer restricted to whom they can serve, credit unions still enjoy tax-exempt status. Community banks pay all corporate income taxes, thus contributing to public services that benefit their local communities.


Q: What services do community banks offer? 

Community banks offer a wide range of financial services similar to larger banks, including:

  • Checking and savings accounts
  • Loans (i.e., mortgages, personal loans, small business loans)
  • Credit cards
  • Investment services
  • Online banking options

Some community banks also specialize in niche services tailored to their local customers’ needs, such as agricultural lending.

Q: How do community banks support their communities?

Community banks play an essential role in supporting local communities. They often reinvest a significant amount of their deposits back into the local economy through loans to local businesses, which helps stimulate growth and create jobs. Community banks also contribute to community development initiatives, sponsor local events, and participate in charitable activities.

Q: Are deposits in community banks insured?

Yes, deposits in community banks are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum allowed by law. This insurance provides peace of mind to customers, protecting their deposits in the event of a bank failure.

Q: Do community banks offer their banking services online or via a mobile app? 

Yes, many community banks offer online and mobile banking services, allowing customers to access their accounts, make transfers, pay bills, and manage their finances conveniently from their computers or mobile devices. Community banks strive to provide modern banking technology while maintaining a personal touch.

Q: Can I use an ATM if I bank with a community bank?

Yes, many community banks participate in ATM networks that either allow you to avoid ATM fees or reimburse you for them.

Q: What are the biggest benefits of banking with a community bank?

  • Community banks prioritize building relationships and providing personalized service
  • Community banks often offer competitive interest rates, lower fees, and a more customer-centric approach than big banks
  • By banking with a community bank, you contribute to the growth and development of your local community