When was Stearns Bank founded?

Stearns Bank was founded in 1912.

Where is Stearns Bank located?

Stearns Bank is headquartered in Saint Cloud, United States. It is registered at St. Cloud, Minnesota.

How many employees does Stearns Bank have?

As of May 31, 2026, the latest employee count at Stearns Bank is 461.

Is Stearns Bank a funded company?

Stearns Bank is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does Stearns Bank rank among its competitors?

Stearns Bank ranks 221st amongst 6913 active competitors, of which 191 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Citi, which secured $165M in May, 2025.

Who are the top competitors of Stearns Bank?

Stearns Bank's top competitors include Truist, Bank of America and Citi. Among them, Citi secured the most recent funding round in May, 2025.

Stearns Bank - 2026 Company Profile & Competitors

Company Details

Diverse financial solutions: SBA loans, equipment financing, commercial real estate, and more. This financial institution provides a comprehensive suite of banking and financing options for businesses and individuals. Services include business and personal banking, encompassing checking and savings accounts, credit cards, and online/mobile banking solutions. They specialize in SBA loans, equipment financing, USDA rural development loans, and commercial real estate finance. They cater to various industries, including agriculture, construction, healthcare, and renewable energy. They also offer specialized services like merchant services, cash management, and diversity in business programs. Their commitment extends to community and economic responsibility through initiatives like Project REACh and Stearns Salaam Banking, which provides Sharia-compliant financial products. They offer login access to online banking and customer portals for managing accounts and loans.

Website: www.stearnsbank.com
Social
Phone Number: +1 **********
Registered Address: St. Cloud, Minnesota

Key Metrics

Founded Year

1912

Location

Saint Cloud, United States

Stage

Acquired

Ranked

221^st among 6913 active competitors

Employee Count

461 as on May 31, 2026

Investment & Acquisitions

South End Capital & 2 more

Similar Companies

BMO & 19925 more

Exit Details

Acquired by VersaBank (Jun 21, 2022)

View Stearns Bank's full profile

Stearns Bank is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
STEARNS FINANCIAL SERVICES, INC. CIN: 411655119 , United States, Active	Dec 31, 1999	-	488 (As on Dec 31, 2024)	-

Stearns Bank got acquired by VersaBank on Jun 21, 2022.

Click here to take a look at Stearns Bank's acquisition in detail

Stearns Bank has not raised any funding rounds yet.

Stearns Bank's employee count trend

Stearns Bank has 461 employees as of May 26. Here is Stearns Bank's employee count trend over the years:

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Top competitors of Stearns Bank include Truist, Bank of America and Citi. Here is the list of Top 10 competitors of Stearns Bank, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Truist 1872, Charlotte (United States), Acquired	Commercial Bank that also provides other wealth management services	$900K	Bay Capital Investment Partners, CDVCA & 5 others	78/100
2nd	Bank of America 1998, Charlotte (United States), Public	Commercial bank and asset management firm	-	Berkshire Hathaway, Black Capital Investments ... & 5 others	78/100
3rd	Citi 1812, New York City (United States), Public	Provider of financial services including banking, markets, international, and wealth management	-	Berkshire Hathaway, B Capital Fund & 6 others	78/100
4th	KeyBank 1849, Cleveland (United States), Public	Provider of personal banking, small business, and wealth management services	-	Patriot Financial Partners, CIVC Partners ... & 4 others	77/100
5th	Scotiabank 1832, Toronto (Canada), Public	Commercial bank	-	Seaside Private Capital, Colpatria	75/100
6th	United Bank for Africa 1949, Lagos (Nigeria), Public	Commercial bank	$7M	Musa Capital, Heirs Holdings & 1 others	75/100
7th	Capital One 1988, Mclean (United States), Public	Provider of loans, credit cards, and savings services	-	Four Rivers, Catapult & 1 others	75/100
8th	Citizens Bank 1828, Providence (United States), Public	Commercial bank	-	SAFE Security, First National Bank of Decatur	74/100
9th	J P Morgan 1799, New York City (United States), Public	Provider of financial services for corporations and individuals	-	Berkshire Hathaway, Bondeinvest.com & 12 others	74/100
10th	Charles Schwab 1971, El Paso (United States), Public	Commercial bank	-	AirTree, Benson Family Private Equity & 2 others	73/100
221st	Stearns Bank 1912, Saint Cloud (United States), Acquired	Diverse financial solutions: SBA loans, equipment financing, commercial real estate, and more	-	-	55/100

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Stearns Bank has made 2 investments in Richardson Properties and SML Packaging and acquired South End Capital.

Here is the list of these investments and acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jun 16, 2021	Acquisition	South End Capital	2009	Norwalk (United States)
Apr 05, 2018	Investments	Richardson Properties	1988	San Luis Obispo (United States)
Apr 19, 2015	Investments	SML Packaging	2005	Lynchburg (United States)