MidCountry Bank, Winthrop Branch

Name:MidCountry Bank, Winthrop Branch
Full Service Brick and Mortar Office
Review:1 client review
Location:122 East Second Street
Winthrop, MN 55396

Sibley County
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Phone:507-647-5356
Branch Deposit:$16,893,000
FDIC Cert:#28865
Established:1933-01-01


The Bank

Name:MidCountry Bank
Concentration:Commercial Lending Specialization
Established:1933-01-01
FDIC Insurance:1934-10-11
Holden By:Midcountry Acquisition Corp
Charter Class:Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
# of Branches:13, view all, view on map
Website:www.midcountrybank.com
Total Assets:$843,294,000
Total Deposits:$632,794,000
Total Equity Capital:$108,044,000
Total Domestic Office Deposits:$632,794,000
Net Income:$7,204,000
Quarterly Net Income:$2,641,000
Return on Assets:1%
Quarterly Return on Assets:1%
Return on Equity:7%
Quarterly Return on Equity:10%
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Client Review

1 client review of MidCountry Bank scored 1 out of 5.

Bank with NO Soul
Overall Rating
Interest Rate and Cost
Office Environment & Staff
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by GladtobeGone, Mar. 18, 2011

I closed my account with the Harrisburg branch on 1-18-2011.  In February, they began adding fees and penalties to a CLOSED ACCOUNT.  Then they began sending threatening letters, demanding payment for penalties on a closed account (closed in good status).  They did all of this knowing that the branch had been sold to another bank, knowing that I had closed my account, and despite the pleads of the new bank to remove the fees they had added to a closed account.  DO NOT open an account with this bank!  They lost their soul when they stopped operating as COM Bank.

* this reviewer has be with this bank for >10 years
* this reviewer had 1 - 2 banks before.
* this review was made on MidCountry Bank, Midcountry Bank at Marion, IL
5 of 8 people found this review helpful. Was this review helpful to you? Yes, No   Report Abuse

1 comment. Add a comment

by rentalinvestor 2013-11-20 17:49:39
They started underwriting on a single family home i was selling in August 2013.  It is now mid-November and they just told me today that the closing would be pushed back to December 5th even though they claim the only condition outstanding is a second appraisal that was already performed but the final number has not been reported yet.  Every condition requires a delay of nearly two weeks.  Terrible communication, completely incompetent underwriting department.  Normal bank underwriters clear a dozen conditions in a few days.  These guys just don't seem to care about the customer at all.

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