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PSB Locations:

Lincoln Park
2630 W. Superior St.
Duluth, MN 55806
Phone: (218) 722-3500
Loan Dept: 740-LOAN (5626)

Warehouse District
430 1st Ave. No., Suite 104
Minneapolis, MN 55401
Phone: (612) 238-0430

Morgan Park
1106 88th Ave. West
Duluth, MN 55808
Phone: (218) 626-2755

Canal Park Quick Bank
(in Dewitt-Seitz Marketplace)
394 South Lake Ave.
Duluth, MN 55802


Economic Stewardship


The Meaning of Economic Stewardship

 

Sound economic stewardship is based on the following principles:

  • Understanding that the decisions that we make as consumers have a dramatic impact on the communities in which we live.
  • That we are blessed with the rights of free will and individual choice. With these rights come with responsibilities of economic stewardship.
  • In the market place of consumers it is isolated, individual transactions taken in aggregate that can shape the fate of our economy, our community, and our way of life. In the market place the consumer holds the power when they choose to wield it. As consumers we bring our community values to our spending decisions.
  • The purchase of products and services from providers that have made the conscious decision to invest here, support education, to buy here, and support the quality of life.
  • Educating yourself and your family about the values of economic stewardship, and the encouragement of business, government, your house of worship and public education to take the message to the workplace and the classroom.
  • Educating the community of the importance of economic literacy.
  • Understanding your own personal "Balance Sheet" and improving your bottom line and managing your own personal debt.
  • The search for answers to the following questions will help you honor your responsibilities of economic stewardship in all your daily transactions:
    • Does my favorite restaurant buy locally produced food?
    • What percentage of business ownership rests in the hands of local investors?
    • What is the company's environmental protection record?
    • How much does the bank reinvest in local economy?
    • Are government units committed to buying locally or keeping their deposits locally?
    • Do the entities with which I do business honor our quality of life by making meaningful contributions to community issues and causes that are important to me?

It is the Goal of Park State Bank to strengthen our community and local economy through investments in projects which benefit our community. Park State Bank offers depositors a unique opportunity to meet both their financial goals and social concerns. In its drive to generate economic growth and prosperity in the communities it serves, Park State Bank offers qualified borrowers a creative, flexible source of credit.

Park State Bank is a full service financial institution that treats all customers and their assets with respect, is committed to the financial well-being of our customer, and provides quality personal service with affordable products.