US Bank Directory
Banks in Grand Marais, MN
2 FDIC-insured banks operate 2 offices in Grand Marais, Minnesota, and 1 credit union has 1 office.
Source: FDIC BankFind, data as of September 5, 2026; NCUA call report as of March 31, 2026.
Bank branch map: Grand Marais
Banks sit at the coordinates in their FDIC record; credit union offices at their NCUA address, located with the U.S. Census Bureau Geocoder. Point at a marker for today's hours, tap it for the address, directions and the bank's site.
Short answer: 3 banks and credit unions operate 3 locations in Grand Marais, according to the FDIC and the NCUA. 2 of them have coordinates on record and are on the map. 1 publish opening hours.
Branches: FDIC, NCUA. Streets: loading.
2 locations on the map
Tap a cluster to zoom in
Positions are the regulators' own coordinates, or the Census Geocoder's point for the address, and can sit a few hundred feet from the door. Streets, buildings and parks come from OpenStreetMap through OpenFreeMap, with every street named as you zoom in; if that map cannot load, a simpler map drawn from the Census Bureau's TIGER/Line files takes its place. ATMs will follow with the Overture Maps import.
All banks and credit unions in Grand Marais
Sorted by number of local branches. Each branch shows where its hours and phone number come from.
Short answer: Grand Marais State Bank and Security State Bank of Aitkin have the most locations in Grand Marais, with 1 each. 2 banks have a single office in the city. Open any bank to see each address, today's hours where the bank publishes them and the phone number.
Grand Marais State Bank Bank · 1
Grand Marais State Bank has 1 branch in Grand Marais, 5 across Minnesota and 5 nationwide. FDIC records list its main office in Grand Marais, MN and show it operating since 1916. With $207.2 million in total assets on June 30, 2026, it ranks No. 2,944 of 4,232 U.S. banks by total assets. Its main office at 211 E Highway 61 dates to 1916 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.
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Main Office main office211 E Highway 61, 55604
North Shore Credit Union Credit union · 1
North Shore Credit Union has 1 office in Grand Marais, 8 across Minnesota. It is based in Silver Bay, MN and $281.6 million in assets on March 31, 2026, according to its NCUA call report. Its published hours do not list Saturday.
Who can join: see the credit union's site.
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Grand Marais122 E Highway 61, 55604
All hours
Mon to Fri 8 am to 5 pm; Sat to Sun not published
Hours: NCUA, March 31, 2026
Security State Bank of Aitkin Bank · 1
Security State Bank of Aitkin has 1 branch in Grand Marais, 4 across Minnesota and 4 nationwide. FDIC records list its main office in Aitkin, MN and show it operating since 1947. With $114.5 million in total assets on June 30, 2026, it ranks No. 3,594 of 4,232 U.S. banks by total assets. The Grand Marais Branch at 6 W Wisconsin St dates to 1994 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.
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Grand Marais Branch6 W Wisconsin St, 55604
Join a credit union in Grand Marais
1 credit union has 1 office here: North Shore Credit Union. Each office is listed above with the phone and the hours it filed with the NCUA (call report as of March 31, 2026). Who can join each one is on its own site; the credit unions in Grand Marais page has every office in the state's directory.
Banking in Grand Marais: the local picture
Short answer: 2 banks run 2 branches in Grand Marais according to the FDIC. A population estimate for this place is not available from the Census Bureau, so branches per resident are not shown.
Of the 2 banks, 1 has its main office in Grand Marais, 1 elsewhere in Minnesota, according to the FDIC.
The bank with the longest record here is Grand Marais State Bank, operating since 1916 according to the FDIC. In FDIC branch records, the longest-running branch is Grand Marais State Bank's office at 211 E Highway 61, dating to 1916; the newest is Security State Bank of Aitkin's at 6 W Wisconsin St, from 1994.
The only credit union with an office here is North Shore Credit Union.
Of the 1 location with published hours. None open on Saturday. 2 locations have no published hours in these sources.
Saturday hours in Grand Marais
Short answer: None of the 1 Grand Marais location with published hours lists Saturday hours. 2 locations do not publish hours in these sources; call ahead.
Credit union hours are the text each credit union filed with the NCUA, call report as of March 31, 2026; a day the filing does not mention is shown as not published, never as closed. Bank branches show hours only where the bank publishes them in a source this page uses; 2 of the 3 locations here have no published hours yet. The source and date sit under each office. Banks and credit unions often close on Federal Reserve holidays; call ahead.
Chase, Bank of America and other national banks
Which big national banks have branches in Grand Marais, and where the nearest one is if they do not.
Short answer: No branches in Grand Marais: Chase (nearest in Forest Lake, 213 mi), Wells Fargo (nearest in Ely, 72 mi), Bank of America (nearest in Oak Park Heights, 222 mi), PNC Bank, U.S. Bank (nearest in Duluth, 102 mi), Truist, Fifth Third Bank, Huntington (nearest in Duluth, 104 mi), Regions Bank, TD Bank, BMO (nearest in Blaine, 226 mi).
| Bank | In Grand Marais | Nearest branch if none here |
|---|---|---|
| Chase | None | Forest Lake, 213 miles away |
| Wells Fargo | None | Ely, 72 miles away |
| Bank of America | None | Oak Park Heights, 222 miles away |
| PNC Bank | None | none in Minnesota |
| U.S. Bank | None | Duluth, 102 miles away |
| Truist | None | none in Minnesota |
| Fifth Third Bank | None | none in Minnesota |
| Huntington | None | Duluth, 104 miles away |
| Regions Bank | None | none in Minnesota |
| TD Bank | None | none in Minnesota |
| BMO | None | Blaine, 226 miles away |
Branch counts from FDIC BankFind as of September 5, 2026. Distances are straight-line miles from the center of Grand Marais to the nearest branch in Minnesota.
What your savings could earn
National benchmarks and the best published offers, from the Banrox Bank Rates tracker. Enter your own balance and rate to compare.
Short answer: At the national average savings rate of 0.38%, $10,000 kept in savings for a year earns about $38. The best published savings rate in the tracker, 3.75% at CIT Bank, earns about $375. The national average 12-month CD pays 1.71%.
| Offer | Bank | APY | Term | Minimum |
|---|---|---|---|---|
| Savings | CIT Bank | 3.75% | none | $5,000 |
| Savings | Barclays | 3.50% | none | $0 |
| Savings | Marcus by Goldman Sachs | 3.40% | none | $0 |
| CD | Synchrony Bank | 4.35% | 60 Months | $0 |
| CD | Marcus by Goldman Sachs | 4.35% | 24 Months | $500 |
| CD | American Express National Bank | 4.25% | 10 Months | $0 |
Rates are the banks' published APYs as tracked on the Banrox Bank Rates page, with the date next to each benchmark; they are not offers from Banrox and can change daily. Interest is before tax. The best offers are mostly online banks and are open to Grand Marais residents like anyone else.
Banks near Grand Marais
Nearby cities with at least two banks, by straight-line distance. Counts from FDIC BankFind.
Short answer: The closest towns with more choice are Ely (72 miles) and Two Harbors (81 miles). Duluth, 107 miles away, has the most banks nearby: 10.
| City | Distance | Banks | Branches |
|---|---|---|---|
| Banks in Ely, MN | 72 mi | 3 | 3 |
| Banks in Two Harbors, MN | 81 mi | 2 | 2 |
| Banks in Virginia, MN | 104 mi | 5 | 6 |
| Banks in Duluth, MN | 107 mi | 10 | 27 |
| Banks in Hermantown, MN | 108 mi | 5 | 5 |
| Banks in Cloquet, MN | 123 mi | 5 | 5 |
| Banks in Hibbing, MN | 124 mi | 5 | 5 |
| Banks in International Falls, MN | 154 mi | 3 | 3 |
Bank branch openings and closings in Grand Marais
FDIC branch records, between September 5, 2025 and September 5, 2026.
Short answer: FDIC branch records show no bank branch openings in Grand Marais between September 5, 2025 and September 5, 2026. Closings and relocations are not tracked by the sources this page uses yet.
Banks and credit unions based in Grand Marais
Short answer: 1 institution has its main office in Grand Marais: Grand Marais State Bank.
| Institution | Type | Total assets, June 30, 2026 | Offices here |
|---|---|---|---|
| Grand Marais State Bank | Bank | $207.2 million | 1 |
Banks: FDIC BankFind (community-bank flag and assets). Credit unions: NCUA call report.
Largest banks in Grand Marais by total assets
Ranked by each bank's total assets on its FDIC balance sheet, which covers the whole bank, not only its Grand Marais offices.
Short answer: Grand Marais State Bank is the largest bank with offices in Grand Marais, with $207.2 million in total assets on June 30, 2026, No. 2,944 among U.S. banks by total assets. Security State Bank of Aitkin is second with $114.5 million. 1 of the 2 bank is headquartered here. Local deposit shares will follow once the FDIC Summary of Deposits is imported.
| Bank | Total assets | Rank | Offices here | Main office |
|---|---|---|---|---|
| Grand Marais State Bank | $207.2 million | No. 2,944 | 1 | Grand Marais, MN |
| Security State Bank of Aitkin | $114.5 million | No. 3,594 | 1 | Aitkin, MN |
Total assets and ranks from FDIC BankFind as of June 30, 2026. Rank is among active banks that report total assets to the FDIC.
Banks in Grand Marais: FAQ
How many banks are in Grand Marais, MN?
Grand Marais has 2 banks with 2 branches and 1 credit union with 1 office, according to FDIC data as of September 5, 2026 and NCUA data as of March 31, 2026.
Which bank has the most branches in Grand Marais?
Grand Marais State Bank, with 1. Security State Bank of Aitkin has 1.
Is there a Security State Bank of Aitkin in Grand Marais, MN?
Yes. FDIC data lists 1 Security State Bank of Aitkin branch in Grand Marais as of September 5, 2026. The address and directions are under Security State Bank of Aitkin above.
Is there a Chase in Grand Marais, MN?
No. FDIC data lists no Chase branch in Grand Marais as of September 5, 2026. The nearest is in Forest Lake, about 213 miles away in a straight line.
Which banks in Grand Marais are open on Saturday?
None of the 1 location with published hours lists Saturday hours. 2 locations do not publish hours in our sources; call ahead.
Which banks are headquartered in Grand Marais?
Grand Marais State Bank has its main office in Grand Marais, according to the FDIC.
What is the oldest bank in Grand Marais?
Grand Marais State Bank has the longest record among banks with a branch here: the FDIC shows it operating since 1916.
Which credit unions can I join in Grand Marais?
North Shore Credit Union has an office in Grand Marais. Check each credit union's membership rules before you apply.
Did any bank branches open or close in Grand Marais in the past year?
FDIC branch records show no branch openings between September 5, 2025 and September 5, 2026. Closings and relocations are not tracked by the sources this page uses yet.
Where can I find more banks near Grand Marais?
Nearby cities with more banks include Ely, Two Harbors, Virginia. Ely is 72 miles away with 3 banks.
How we build this page
Every figure above comes from one of these sources. Nothing is typed by hand, nothing is estimated.
| Data | Source | License | Updated | Data as of |
|---|---|---|---|---|
| FDIC-insured banks: branches, main offices, total assets, dates established | FDIC BankFind Suite API | Public data (U.S. government) | Monthly import | Sep 5, 2026 |
| Credit union offices, phones and hours as filed with the NCUA, total assets | NCUA call report data | Public data (U.S. government) | Quarterly import | Mar 31, 2026 |
| Savings and CD rates, national averages | Banrox Bank Rates | Banrox, from the banks' own rate pages and FDIC national rates | Weekly | see each rate |
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