Home > Stearns Bank National Association

Stearns Bank National Association

Total Branches in Florida: 3

Stearns Bank National Association is a significant financial presence in Florida. The bank maintains 3 branches across the state, with a total of $249,099,000 in deposits as of the latest FDIC Summary of Deposits survey. This translates to approximately $10.68 in deposits per Florida resident and a bank density of about 0.01 branches per 100,000 people. Additionally, with total assets of $3,223,214,000, the bank has approximately $138.16 in assets per Florida resident.

CRA Ratings and Compliance

The Community Reinvestment Act (CRA) rating reflects the bank's record of meeting the credit needs of its community, including low- and moderate-income areas. The ratings are: Outstanding, Satisfactory, Needs to Improve, and Substantial Noncompliance.

Last CRA Rating (Overall)

Rating: Satisfactory

Date: Sep 27, 2021

Exam Method: Large Bank Exam (e.g., Large Bank Exam applies to institutions above a certain asset threshold)

Assets at Exam: $2,301,428,000

CRA Trend (History)

09/27/2021: Satisfactory

05/21/2018: Satisfactory

05/11/2015: Satisfactory

11/07/2011: Satisfactory

02/03/2005: Satisfactory

04/29/2002: Satisfactory

02/16/1999: Satisfactory

03/13/1997: Satisfactory

06/01/1994: Satisfactory

Institutional Overview

Registration & History

RSSD ID: 141556

Primary Federal Regulator: Office of the Comptroller of the Currency

FRS Member: Yes

Existence Date: N/A

Holding Company Status

BHC Status: Not applicable

Insurance & IDs

Primary Insurer: DIF (Deposit Insurance Fund) (Not valid prior to 03/31/2006)

CUSIP ID: N/A (Identifies stocks and debt securities)

LEI: 54930011T0W8MY36DZ75 (Unique ID for legal entities engaging in financial transactions)

Corporate Structure and Relationships

Controlled Subsidiaries

These are companies that the main bank owns or directs. The listing below shows entities the bank has the power to control (`Controlled`).
If you see 0.00% Equity, it means the bank controls the subsidiary using a legal tool other than voting stock, such as a management contract or a fiduciary arrangement (See Other Basis Ind).

  • MID MN CREDIT CORP (RSSD: 1121939) - 80.00% Equity
  • NATIONAL MACHINE TOOL LEASING (RSSD: 1121920) - 80.00% Equity
  • GILBERT CORP CTR CONDO OWN ASS (RSSD: 4131180) - 100.00% Equity
  • STEARNS BK INVS LLC (RSSD: 4914909) - 0.00% Equity (Other Basis Ind: 1)
  • STEARNS HC LLC (RSSD: 4131199) - 0.00% Equity (Other Basis Ind: 1)
  • SB PINELLAS HOLDS LLC (RSSD: 4301406) - 0.00% Equity (Other Basis Ind: 1)

Recent Transformations (as Survivor/Successor)

The following shows recent events where this entity (ID\_RSSD Successor) came into existence or continued to exist as a result of an event:

Date Event Type Predecessor (Non-Survivor)
Oct 20, 2012 Failure, Government Assistance Provided FIRST E SIDE SVG BK
Jul 28, 2012 Failure, Government Assistance Provided JASPER BKG CO
Mar 24, 2012 Failure, Government Assistance Provided COVENANT B&TC
Nov 13, 2010 Failure, Government Assistance Provided COPPER STAR BK
Aug 22, 2009 Failure, Government Assistance Provided EBANK

Corporate Office

4191 2nd St S
Saint Cloud, MN 56301

S V

S

Saint Petersburg

St Petersburg (Gateway) Branch

7555 Dr Martin Luther King Jr St N, FL

Sarasota

Sarasota (Links) Branch

22 S Links Ave, FL

V

Venice

Venice Branch

201 Center Rd, FL