Citizens Independent Bank Revenue and Competitors

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Total Funding



Estimated Revenue & Valuation

  • Citizens Independent Bank's estimated annual revenue is currently $8.2M per year.(i)
  • Citizens Independent Bank's estimated revenue per employee is $168,000

Employee Data

  • Citizens Independent Bank has 49 Employees.(i)
  • Citizens Independent Bank grew their employee count by -2% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation

Citizens Independent Bank was chartered as Citizens State Bank on October 5, 1949. It opened for business at 5001 Excelsior Boulevard as St. Louis Park's first bank in January 1950. The bank moved across the street to its present location (5050 Excelsior Boulevard) in August 1973. In December 1979, Citizens expanded, opening the Lakes office to serve the northeast section of St. Louis Park. Five months later, in May 1980, current chairman of the board Connie Bakken purchased Citizens Bank. A medical technologist by profession, she was ready for a new challenge, and chose banking at the suggestion of a friend. Knowing nothing about the profession, she embarked on a crash course, taking classes through the American Institute of Banking, St. Olaf College, and the University of Wisconsin, Madison. Under her direction, the bank has grown from $44 million in assets in 1980 to more than $190 million today.



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Citizens Independent Bank News

2022-04-20 - Two years is normal': How Germany's citizenship process ...

Not only is Germany the last major migrant destination to have a general ban on dual citizenship, rules around independent income and state...

2022-04-20 - NatWest profits hit £1.2bn as bank benefits from rising interest rates

NatWest referred 2,100 customers to charity partner Citizens Advice in the past year to support people in vulnerable situations.

2022-04-20 - Another 2,959 sue CIMB over duplicate credit error | Free ...

They claim the bank's action in freezing their accounts and later debiting sums owed without their consent is illegal. Earlier, it was reported...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding