Grand Marais State Bank
We have many accounts to meet all of your business banking needs
- $5.00 per month maintenance fee
- $.10 per check or other debit item
- $.08 per transit item deposited
These charges can be offset by an "earnings credit" of $.10 per hundred dollars of the average daily collected balance. The credit will reduce the service charge and transit item fees.
The same charges apply to Business NOW accounts (interest-bearing) except that an additional monthly fee of $10.00 applies if the average daily balance falls below $1,500.00.
- Low activity account
- $2.00 per month maintenance fee
- $.20 per check or other debit item
At Grand Marais State Bank, our industry-leading consumer credit card products offer competitive pricing combined with a full range of reward options, making it easy to select and apply for the card that meets your needs. Learn More or Apply Now.
New Business Customer? No Worries!
Click on the link for the Business Customer Information Sheet below. Please fill out the form and bring it in to either our Grand Marais or Tofte locations.
Business Customer Information SheetWe Provide a Variety of Business Loans!
- Commercial Real Estate
- Lines of Credit/Operating Lines
- Equipment Loans
- Inventory Loans
Contact a Commercial Lender Today:
Mark Youngdahl - NMLS #779336
President
myoungdahl@grandmaraisstatebank.com
Marja Erickson - NMLS #779335
Assistant Vice President/Residential & Commercial Lending
Banking Resources
Grand Marais Location
- Lobby Hours:
Monday - Friday 9:00am - 4:00pm - Drive Up Hours:
Monday - Friday 8:00am - 5:30pm
Saturday 10:00am - 12:00pm (May-Oct.) - Grand Marais State Bank
Tofte Location
- Lobby Hours:
Monday - Friday 9:00am - 11:00am & 1:00pm - 4:00pm (Closed 11am - 1pm) - Drive Up Hours:
Monday - Friday 8:00am - 5:00pm - Grand Marais State Bank