S&P Global Intelligence, a division of S&P Global (NYSE: SPGI) has released its annual list of the best performing small community banks in the U.S. for 2022. The list includes 3,782 U.S. Banks with under $3 billion in assets.

Three banks in Minnesota made the list of the top 100 banks. They include Duluth-based Park Bank at #2; St. Cloud-based Liberty Bank Minnesota at #42; and Becker-based Sherburne State Bank at #74. No other Minnesota-based banks made the list.

Liberty Bank President Robin Gohman said, “It’s always gratifying to see recognition for all the hard work we do to care for each and every customer. All of us are proud of our status as a top performer in Minnesota.”

Longtime Liberty CEO Mark Bragelman says the recognition and success are a byproduct of Liberty’s philosophy of staying focused on its mission of serving retail banking customers.

“Our only focus is on the needs of consumers by providing retail deposit and lending services,” he said. “We don’t have large depositors or borrowers; our only focus is on everyday people and their needs. It makes us safe and successful and any recognition is more of a tribute to our customers.”

Bill Eickhoff, President, CEO of Sherburne State Bank said,  “The recognition reflects talented employees working with outstanding individuals and businesses in the excellent communities we serve.”

Candice Hanson, Chief Operations Officer of Sherburne State Bank says, “Our passion is focusing on the communities we serve because we call these communities our homes. We tailor our products and services to help our customers succeed, no matter where they are in their financial journey. We’re proud to contribute to the success of our local communities.”

Tanya Danielson, Senior Vice President of Sherburne State Bank says, “Sherburne State Bank has been serving local customers since 1920.  Our focus has always been on helping our communities grow and improve.  A lot of our employees raise their families in the community they work in, so it is important for them to not only help the community grow, but they want to establish relationships with their customers.  Being a resource to the businesses and members of the community is very important to the success of the bank.”

Liberty Bank Minnesota is the oldest name in banking in both St. Cloud and Monticello. The bank has locations in St. Cloud (2), Monticello, Big Lake, Waite Park and Sartell. The company began operations in the late 1930’s.

Sherburne State Bank has three locations, Becker, Monticello and Princeton. Sherburne State Bank has been proudly serving the local area since 1920

For more information, contact Robin Gohman at Liberty Bank, 320-252-2841.

For more information, contact Bill Eickhoff at Sherburne State Bank, 763-261-4200