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We are excited to share the latest news about Park State Bank and our holding company, Park Financial Group, Inc.
BankBeat
2023 Outstanding Women in Banking
Congratulations to the five influential women on Park State Bank’s team for being named BankBeat's 2023 Class of Outstanding Women in Banking.
Leann Nelson: Chief Operating Officer | Christina Cavallin: Chief Financial Officer | Beth Hyduke: Chief Credit Officer |Marci Knight: Chief Marketing Officer | Mary Hendrickson: Chief Human Resources Officer
NOVEMBER 1, 2023
Minneapolis / St. Paul Business Journal
Park Financial Group, Inc. Makes the MSPBJ's Fast 50 List
Park Financial Group Inc., a Minneapolis-based financial-services holding company, returns to the Fast 50 List for the fifth year in a row, notching a growth rate of 86.1 percent from 2020 to 2022.
OCTOBER 27, 2023
Inc.
2023 Inc. 5000: The Most Successful Companies in America
Park Financial Group, Inc. makes the Inc. 5000 list of the fastest-growing private companies in America for the fifth year in a row.
AUGUST 17, 2023
Independent Community Bankers of America (ICBA)
Chief Operating Officer, Leann Nelson, Recognized as One of the 40 Under 40: 2023 Community Bank Leaders
Park State Bank is excited to share that Leann Nelson, Chief Operating Officer, has been recognized by the ICBA as one of the 40 Under 40: 2023 Community Bank Leaders.
JUNE 7, 2023
Park State Bank Announces their 2023 Scholarship Recipients
Park State Bank is excited to announce the recipients of our 2023 Scholarship Program. We awarded two $2,500 scholarships to qualified high school seniors in Minnesota.
April 21, 2023
S&P Global Market Intelligence
Park State Bank Ranked #1 Performing Community Bank
Park State Bank was ranked the #1 top performing bank in Minnesota based on its 2022 performance by S&P Global Market Intelligence in their annual ranking of best-performing community banks under $3 billion in assets. This is the fifth year Park State Bank has earned top honors in Minnesota (2018, 2019, 2020 & 2022). Park State Bank also ranked #2 on the list of top
performing banks under $3 billion in the United States.
performing banks under $3 billion in the United States.
APRIL 17, 2023
Minneapolis/St. Paul Business Journal
Chief Financial Officer, Christina Cavallin, Recognized as a 2022 CFO of the Year Honoree
Park State Bank is thrilled to share that Christina Cavallin, Chief Financial Officer, has been recognized by the Minneapolis/St. Paul Business Journal as a 2022 CFO of the Year Honoree.
NOVEMBER 14, 2022
Minneapolis / St. Paul Business Journal
Park Financial Group, Inc. Makes the MSPBJ's Fast 50 List
Park Financial Group Inc., a Minneapolis-based financial-services holding company, had a revenue growth rate of 401.51 percent from 2019 to 2021. Park returns to this Fast 50 List for the fourth year in a row.
OCTOBER 31, 2022
Inc.
2022 Inc. 5000: The Most Successful Companies in America
Park Financial Group, Inc. makes the Inc. 5000 list of the fastest-growing private companies in America for the fourth year in a row.
AUGUST 16, 2022
Independent Community Bankers of America Announces their Top Lenders of 2022
Park State Bank was ranked #18 in the United States for most successful Commercial Loan producers for banks with more than $1B in assets by the Independent Community Bankers of America (ICBA).
July 01, 2022
Park State Bank Announces their 2022 Scholarship Recipients
Park State Bank is excited to announce the recipients of our 2022 Scholarship Program. We awarded two $2,500 scholarships to qualified high school seniors in Minnesota.
May 23, 2022
EY Announces David Saber of Park State Bank as an Entrepreneur of the Year® 2022 Heartland Award Finalist
Ernst & Young LLP (EY US) has announced that David Saber, Chairman and Chief Executive Officer of Park State Bank was named an Entrepreneur of the Year® 2022 Heartland Award finalist. Entrepreneur of the Year is one of the preeminent competitive business awards for entrepreneurs and leaders of high-growth companies who think big to succeed.
MAY 3, 2022
Minneapolis / St. Paul Business Journal
Park Financial Group, Inc. Makes the MSPBJ's 2021 Fast 50 List
Park Financial Group Inc., a Minneapolis-based financial-services holding company, had a revenue growth rate of 227.24 percent from 2018 to 2020. Park returns to this Fast 50 List up 15 spots from last year to #4.
OCTOBER 28, 2021
Inc.
2021 Inc. 5000: The Most Successful Companies in America
Park Financial Group, Inc. makes the Inc. 5000 list of the fastest-growing private companies in America for the third year in a row.
AUGUST 2021
S&P Global Market Intelligence
Park State Bank Ranked #1 Community Bank in MN
Park State Bank was ranked the #1 top performing bank in Minnesota based on its 2020 performance by S&P Global Market Intelligence for the third year in a row.
MARCH 23, 2021
Minneapolis / St. Paul Business Journal
Park Financial Group, Inc. Makes the MSPBJ's 2020 Fast 50 List
Park Financial Group Inc., a Minneapolis-based financial-services holding company, had a revenue growth rate of 111.73 percent since 2017. Park returns to this Fast 50 List for the second year in a row.
OCTOBER 22, 2020
Inc.
2020 Inc. 5000: The Most Successful Companies in America
Park Financial Group, Inc. makes the Inc. 5000 list of the fastest-growing private companies in America for the second year in a row.
AUGUST 11, 2020
Minneapolis / St. Paul Business Journal
Park Financial Group Buys Two 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, MN.
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
Inc.
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, MN.
JUNE 12, 2018
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