The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

From Q2 2025 to Q2 2026, the score rose 14 points (41 → 55), mostly because the loan quality component improved by 40 points.

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Similar-size banks in Minnesota

Yes. Platinum Bank is an FDIC-insured institution (FDIC certificate #58511). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 54.3% of deposits ($326.4M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 8.55%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 11.85% (benchmark: 10%).

Check how much of your own balance is covered

Platinum Bank lists 2 offices in 2 cities. Most locations:

• Oakdale, MN (1)
• Plymouth, MN (1)

All branch addresses and map

In 2025, Platinum Bank reported 51 home-loan applications under HMDA (LEI 254900MSHJQMAF6B3Q76): 43 originated ($32,845,000 total), 1 denied, and 3 withdrawn or closed by the applicant. Its denial rate on decided applications was 2.1%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Legal name

Platinum Bank

Type

State-chartered bank

FDIC certificate #

58511

RSSD ID

3538009

Primary regulator

FDIC

Holding company

Platinum Bcorp Inc

Established

February 12, 2007

Headquarters

7667 10th St N, Oakdale, MN 55128

Website

www.platinumbankmn.com

Employees

90