Northeast Bank Revenue and Competitors

Working with others to meet local community needs is nothing new at Northeast Bank. It's tradition that dates back to 1947, when Northeast Bank was founded by a handful of local people in direct response to the need for a local bank. Previously, the only bank serving the Northeast Minneapolis area had been purchased by another bank and relocated, leaving the area without even a branch office. Even though the State of Minnesota had not issued any new bank charters during the previous 25 years, the Northeast Bank founders were undaunted. They were motivated by the banking needs of local businesses and families, and decided to do something about it. Ray Mikolajczyk, Ray Julkowski, Walter Larson, Walter Kostick, and Walter Warpeha gathered a group of other community leaders and residents, chartered a bus and took their petition for a bank charter to the Minnesota State Capital. The charter for Northeast Bank was granted on November 20, 1947. Since then Northeast Bank has continued the tradition of working with others - from helping families become homeowners to working with local school children and supporting community organizations. This philosophy of putting people first, and trusting that profitability will follow, has been rewarded at Northeast Bank. As our clients have prospered, so has Northeast Bank and the community it has served for more than half a century.