we have done business with in the past. Jill, and Devin, & Lisa are clearly at the top of their game in terms of knowledge, but they are also very friendly and accommodating. We recommend this bank to others, and we look forward to continuing a lasting relationship here.
Good bank that cares about it's customers--can't thank them enough for the help they gave me in '08/'09. (Had my business accounts w/ PB for 10+ years, no longer a customer b/c I've retired and moved up to my cabin full-time)
I banked at Premier Bank Minnesota for many years when I was living in a small town in Minnesota. The benefits that I found banking at this small bank is first of all, the tellers and manager get to know you personally. You feel welcome going into the branch and not just a number. Secondly, the accounts such as savings and certificate of deposits will be a little more liberal in the interest rates than large banks. Finally, the loan process may be a little more personal as well since the decisions are generally made locally. The president may come by your property to do a site visit and do a personal appraisal himself. The negatives are the number of locations will be less. So if you need to go into a bank, you may not find one. Also, they may not be as up to date as the large banks on technology. Finally, small loans such as car loans will probably have a higher interest rate.
Premier Bank ranks poorly compared to other U.S. banks. Premier Bank's one-year and five-year term lengths CDs earn at a rate of 1.50% and 3.00%, respectively, while its highest-yielding money market account earns at a rate of 0.10%. Given Premier Bank's noncompetitive savings rate, you should consider choosing another bank to earn more on your deposits.
in comparison to the national average. With no monthly fee, Premier Bank is perfect for those who want a simple banking experience. Premier Bank unfortunately does not refund out-of-network ATM fees, which means you'll need to search for a Premier Bank ATM or eat the withdrawal fee.
with eight total branches in Minnesota. With mobile and web apps, Premier Bank makes mobile banking straightforward, even on the go. Premier Bank's online and mobile banking platforms receive relatively high scores from customers. With 43 ratings on Apple and Android platforms, the Premier Bank mobile app rates a 4.1 out of 5 (compared to the national average of 3.8). Premier Bank's mobile app lets you control your accounts by reviewing account balances, transferring money as well as reaching customer service. Premier Bank gets a superb consumer satisfaction score due to comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
and has $724 million in assets as well as $649 million in deposits. Premier Bank's Texas Ratio is 16.78%, indicating a tiny chance of failure. Additionally, Premier Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.