Skip Navigation Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view,download Adobe® Acrobat Reader.
Park State Bank


park state bank in the news

We are excited to share the latest news about Park State Bank and our holding company, Park Financial Group, Inc. 

Minneapolis / St. Paul Business Journal
Park Financial Group buys 2 banks
One of Minnesota's fastest-growing companies is getting bigger.
JULY 2, 2020
American Banker
Park Financial Group in Minnesota to buy Mesaba Bancshares
Park Financial Group in Minneapolis has agreed to buy Mesaba Bancshares in Grand Rapids, Minn.
JULY 1, 2020
Business North
Park State Bank earns top ranking
Park State Bank, was ranked the #1 top performing bank in Minnesota based on its 2019 performance by S&P Global Market Intelligence.
MAY 4, 2020
PR News Wire
Park State Bank Ranked #1 Community Bank in MN
The Minneapolis-based bank earned top honors by S&P Global Market Intelligence for the third consecutive year
APRIL 21, 2020
Bank Beat 
Experienced banker’s steady hand offers guidance
Tom Palmer, Chairman of the Board at Park State Bank, is being honored as a 2020 Amazing Outside Director.
MARCH 3, 2020
Minnesota Bankers Association
Park State Bank Honored for Community Involvement
Park State Bank is one of forty Community Champions that worked with hundreds of organizations in their communities, providing funding, volunteers, materials, supplies, or food for their neighbors.
FEBRUARY 19, 2020
Business North
Park Financial positioned for growth
Park Financial Group’s high-touch approach, access to capital and investor logic fuels growth — and performance
NOVEMBER 20, 2019

Minneapolis / St. Paul Business Journal
Park Financial Group, Inc. ranks ninth on MSPBJ's 2019 Fast 50 List
Park Financial Group Inc., a Minneapolis-based financial-services holding company, had a growth rate of nearly 137 percent from 2016 to 2018.
OCTOBER 10, 2019

Bank Beat
Investor logic and capital plays
A customer-centric culture and having capital to serve a market are tried-and-true ways to achieve steady organic growth for Park State Bank
SEPTEMBER 25, 2019

Bank Beat
Minnesotan harnesses lending zeitgeist
President and CEO David Saber, with support of owner, Andy Redleaf, is building a nimble banking organization capable of doing all of the solid typical deals but also structuring deals that other banks either cannot, or won’t make given the time involved in figuring out the appropriate structure.
SEPTEMBER 23, 2019
2019 Inc. 5000: The Most Successful Companies in America
Park Financial Group, Inc. named #252 on the Inc. 5000 list of the fastest-growing private companies in America
AUGUST 14, 2019
PR News Wire
S&P Global Market Intelligence Announces Best-Performing Community Banks and Credit Unions for 2018
Park State Bank crowned as top performer on S&P Global Market Intelligence Ranking
MARCH 21, 2019
S&P Global Market Intelligence
Century-old Minn. lender tops performance ranking for small community banks
Park State Bank, a 100-year-old lender in Minnesota, topped S&P Global Market Intelligence's ranking of the top 100 U.S. community banks under $3 billion in assets
MARCH 20, 2019
Business North
Park Financial Group initiates Mesaba Bancshares investment
Park Financial Group, Inc. has reached a stock purchase agreement under which the Minneapolis-based firm will make an investment in Mesaba Bancshares of Grand Rapids
JUNE 12, 2018

Star Tribune
Park State Bank to buy three bank offices
Park State Bank, Duluth, a subsidiary of Park Financial Group Inc. based in Minneapolis, announced that it is purchasing Pioneer National Bank and its three offices in Duluth.
DECEMBER 13, 2017
Business North
Park State, Pioneer banks to merge 
Two century-old Duluth banks said Thursday they will combine their resources.
DECEMBER 9, 2017
Bank Beat
From cornfields to the Nicollet Mall
Leann Stessman of Park State Bank is named 2016 Outstanding Woman in Banking
NOVEMBER 1, 2016