Miners National Bank of Eveleth
Miners National Bank of Eveleth is an independent, family-owned community bank founded in 1903, operating a single branch in Eveleth, Minnesota, offering full personal and small business banking — checking, savings, IRAs, CDs, consumer and commercial loans, mortgages, and digital banking — to retail and SMB customers in the Iron Range.
- Company typePrivate
- Founded1903
- HeadquartersEveleth, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Miners National Bank of Eveleth does
Miners National Bank of Eveleth is an independent, family-owned community bank headquartered in downtown Eveleth, Minnesota, founded in 1903 and continuously operated by the founding family for over 120 years. The bank is FDIC-insured (NMLS #407963), operates a single main branch at 401 Grant Avenue with drive-thru service, a separate Mortgage Center at 302 Grant Avenue, and serves both retail and small business customers across the Iron Range region. It maintains 1-10 employees and runs no holding company or institutional investor structure.
The bank offers a full traditional banking suite: personal checking (Miners, Gold for 55+, Teen, N.O.W., Super N.O.W., Regular), savings (Regular, Mini Miner children's, Christmas Club), IRAs (Traditional and Roth), and Certificates of Deposit with terms from 182 days to 30 months including jumbo options. Lending products include consumer loans (auto, recreational, personal, home equity, overdraft protection), commercial and business loans (term loans, lines of credit, commercial real estate), and mortgages (home, cabin, construction) underwritten locally. Digital infrastructure comprises Miners Online Banking (real-time account access, bill pay, e-statements, alerts), a mobile banking app for iOS and Android with mobile deposit, voice banking for non-internet customers, ATM/debit cards linked to the MoneyPass surcharge-free network, and direct deposit plus night depository. Third-party partnerships extend the product set: Elan Financial Services issues consumer and business credit cards, COCARD provides merchant processing, and over 50 financial calculators are hosted on the website.
Revenue is generated through traditional net interest income on loans (consumer, mortgage, commercial) plus transaction-based fees including monthly service charges, overdraft fees ($25-$35), stop payments ($20), cashier's checks ($7), money orders ($3-$5), card fees (VISA Gift Card $3.95, VISA Prepaid Debit Card $9.95), and merchant processing revenue share. The go-to-market is direct-to-consumer and direct-to-small-business through a single physical branch supplemented by digital channels and community-based marketing (Facebook, Twitter, Instagram). No revenue, assets, or funding figures are publicly disclosed.
Miners National Bank of Eveleth firmographics
Firmographics- Name
- Miners National Bank of Eveleth
- Legal name
- Miners National Bank of Eveleth
- Website
- https://mnbeveleth.com
- Company type
- Private
- Founded year
- 1903
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Miners National Bank of Eveleth is an independent, family-owned community bank founded in 1903, operating a single branch in Eveleth, Minnesota, offering full personal and small business banking — checking, savings, IRAs, CDs, consumer and commercial loans, mortgages, and digital banking — to retail and SMB customers in the Iron Range.
- Ownership category
- akta.pro rank
Where Miners National Bank of Eveleth is headquartered
LocationHeadquarters
- HQ city
- Eveleth
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Miners National Bank of Eveleth business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D
Revenue model
- Interest Income: Traditional banking revenue from interest charged on loans including consumer loans, mortgages, and business/commercial loans
- Deposit Service Fees: Monthly service charges, overdraft fees, returned item fees, certified check fees, cashier's check fees, money order fees, counter check fees, stop payment fees, and account research fees
- Card Services: Fees from ATM/debit cards, prepaid cards, and gift cards including VISA Gift Card ($3.95) and VISA Prepaid Debit Card ($9.95)
- Merchant Credit Card Processing: Revenue share from partnership with COCARD for processing credit and debit card payments for business merchants
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Miners Checking - Basic personal checking with no minimum balance |
| Subscription | Monthly | Miners Gold Checking - Ages 55+ senior checking account |
| Subscription | Monthly | Teen Checking - Ages 13-17 |
| Subscription | Monthly | Regular Business Checking |
| Subscription | Monthly | Small Business Checking |
| Subscription | Multi-year contract | Certificates of Deposit |
| Subscription | Monthly | Regular Savings Account |
| One time/ perpetual license | Pay-as-you-go | VISA Gift Card |
| One time/ perpetual license | Pay-as-you-go | VISA Prepaid Debit Card |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
Miners National Bank of Eveleth product offering
Product offeringCore offering
Miners National Bank of Eveleth is an independent, family-owned community bank offering a full suite of traditional banking products including personal and business checking accounts, savings accounts, IRAs, certificates of deposit, consumer and commercial loans, mortgages, debit/credit/prepaid cards, and merchant credit card processing. The bank provides 24/7 account access through mobile banking, online banking, voice banking, ATM network, and in-branch services with local decision-making and personalized service.
Product overview
Miners National Bank of Eveleth is an independent, family-owned community bank established in 1903, offering a full suite of traditional banking products and services organized around personal checking (Miners Checking, Miners Gold Checking, Teen Checking, N.O.W. Checking, Super N.O.W. Checking, Regular Checking), savings accounts (Regular Savings, Mini Miner Savings, Christmas Club Savings), IRA accounts (Traditional IRA, Roth IRA), and Certificates of Deposit. The bank provides consumer lending (auto, recreational, personal, home equity), business and commercial lending, and mortgage products through its Mortgage Center. Digital banking services include Miners Online Banking (with bill pay, e-statements, real-time transactions), a Mobile Banking App for iOS and Android (supporting mobile deposits), Voice Banking, E-Statements, and Direct Deposit. Additional services include ATM/Debit Cards (MasterCard and MoneyPass), Consumer and Business Credit Cards (via Elan Financial Services), Prepaid Cards (VISA Gift Card and VISA Prepaid Debit Card), Merchant Credit Card Processing (via COCARD), Night Depository, and a comprehensive suite of Financial Calculators covering mortgages, loans, retirement, savings, taxes, insurance, and debt management. The product portfolio operates as an integrated banking platform with checking, savings, lending, and digital services designed to serve both personal and business customers in a community banking model.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Checking Accounts
Companies that use Miners National Bank of Eveleth
Customer profileSegments4 records
Ideal customer profiles2 records
Miners National Bank of Eveleth technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature3 records
Miners National Bank of Eveleth partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- COCARDcoreThe Miners National Bank partners with COCARD, a national leader in credit card processing, to offer merchant credit card processing services. This partnership enables the bank to offer superior LOCAL customer support and, in most cases, lower rates. Other bank clients report saving 12-40% by taking advantage of this program.
- MoneyPasscoreMoneyPass Automated Teller Machines (ATMs) are available in many financial institutions around the world. Miners National Bank customers can withdraw cash surcharge-free from MoneyPass ATMs 24 hours a day using their ATM or debit card.
- Elan Financial ServicescoreElan Financial Services provides credit cards for Miners National Bank customers including consumer and business credit card options. Elan provides zero fraud liability protection, 24/7 cardmember service, and mobile purchasing capability. Cards are issued pursuant to licenses from Visa and Mastercard.
Scale indicators2 records
Recent moves6 records
Expansion highlights4 records
Miners National Bank of Eveleth competitors and assessment
Company assessmentBroad incumbents
- Wells Fargo & Company: Major national commercial bank with a significant Minnesota retail and small-business presence. Comparable as a broad incumbent competing with Miners National Bank for consumer deposits, mortgages, and small-business banking within Eveleth and the Iron Range.
- U.S. Bancorp (U.S. Bank): One of the largest commercial banks in the United States and a Minneapolis-headquartered institution with deep retail, commercial, and mortgage presence across Minnesota. Comparable as the dominant broad incumbent against which a small Eveleth community bank competes for local deposits and loans.
Direct peers
- Bremer Financial Services: Upper Midwest community bank and wealth management holding company serving Minnesota, Wisconsin, North Dakota, and adjacent markets. Highly comparable to Miners National Bank of Eveleth as a relationship-based, community-focused bank with personal, business, and mortgage lending in the same geographic footprint.
- Heartland Financial USA (HTLF): Multi-state community banking holding company operating independent community banks across the Midwest, Mountain West, and Southwest. Directly comparable to Miners National Bank as a community-bank-model acquirer/operator that aggregates small chartered banks with local branding.
- Deerwood Bank: Minnesota-based community bank with personal, business, and mortgage products across central and northern Minnesota. Comparable to Miners National Bank as an independent, full-service community bank of similar scale and product mix.
- Park State Bank: Independent community bank serving northern Minnesota with personal, business, and mortgage banking. Highly comparable to Miners National Bank of Eveleth as a similarly-sized community bank operating in close geographic proximity within the same Iron Range / northern MN market.
- Alerus Financial: Community bank and financial services company headquartered in Grand Forks, ND with a Minnesota presence, offering commercial, consumer, and mortgage banking plus wealth services. Comparable as a small-cap Upper Midwest community bank with a similar relationship-driven model.
Regional players
- Border Bank: Independent community bank headquartered in Greenbush, MN with branches across northwestern Minnesota. Comparable to Miners National Bank as a similarly-sized rural Minnesota community bank with a parallel deposit-and-lending model, though operating in a different sub-region.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Miners National Bank of Eveleth social profiles
Digital presenceMiners National Bank of Eveleth compliance and trust
Trust signalCompliance4 records
Miners National Bank of Eveleth financial estimates
Financial estimateRevenue estimate
Valuation estimate
Miners National Bank of Eveleth leadership team
Management profileNumber of profiles
Miners National Bank of Eveleth funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Miners National Bank of Eveleth M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Miners National Bank of Eveleth
What does Miners National Bank of Eveleth do?
Miners National Bank of Eveleth is an independent, family-owned community bank offering a full suite of traditional banking products including personal and business checking accounts, savings accounts, IRAs, certificates of deposit, consumer and commercial loans, mortgages, debit/credit/prepaid cards, and merchant credit card processing. The bank provides 24/7 account access through mobile banking, online banking, voice banking, ATM network, and in-branch services with local decision-making and personalized service.
Is Miners National Bank of Eveleth a public or private company?
Miners National Bank of Eveleth is a private company. It is classified as family owned and is currently operating.
When was Miners National Bank of Eveleth founded?
Miners National Bank of Eveleth was founded in 1903. It employs 1 to 10 people.
Where is Miners National Bank of Eveleth based?
Miners National Bank of Eveleth is headquartered in Eveleth, United States, in the North America region.
How does Miners National Bank of Eveleth make money?
Four revenue lines are on record. Interest Income is the primary driver. The others are deposit Service Fees, card Services and merchant Credit Card Processing.
Who are Miners National Bank of Eveleth's main competitors?
Broad incumbents on record are Wells Fargo & Company and U.S. Bancorp (U.S. Bank). Direct peers are Bremer Financial Services, Heartland Financial USA (HTLF), Deerwood Bank, Park State Bank and Alerus Financial. Border Bank is listed as a regional player.
Does Miners National Bank of Eveleth have an API?
No public API is recorded for Miners National Bank of Eveleth.