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Recognition Abundant at Stearns Bank

Posted on: Oct 06, 2022

ICBA, Monitor Top 100, Star Tribune name the national bank in top listings and awards

St. Cloud, Minn. (October 2022) – Minnesota-based Stearns Bank N.A. has once again made its way onto a growing number of top-performance listings, announced in 2022, while also being named a Minnesota multi-year award winner by the Star Tribune. The recognition is being celebrated by the organization’s employee owners who serve customers through small business lending, equipment financing and full-service banking.

Recognition highlights include:

Top Equipment Finance Lender
The Monitor – the leading independent trade publication for the equipment finance industry – placed Stearns Bank #60 on the 2022 Monitor 100 list of the largest equipment financing and leasing companies in the United States. Despite market challenges, including a stifled supply chain, equipment finance leaders, like Stearns Bank, navigated the unpredictability with grit and agility.


Best Bank, Best Ag Lender
Readers of the Start Tribune, Minnesota’s largest newspaper, selected Stearns Bank as a back-to-back gold winner in the Best Bank and Best Ag Lender categories in the 2022 Minnesota’s Best Reader’s Choice Awards. With banking and agriculture at the core of Stearns Bank’s century-plus history, the organization proudly grasped both prestigious placements in 2021 and diligently held onto the two titles for 2022.


The Nation’s Ninth Highest Performer
Independent Community Bankers of America (ICBA) ranked Stearns Bank as the nation’s ninth highest performing bank in 2021, in its peer group of community banks with more than $1 billion in assets. This ‘Best of the Best’ listing was featured in the May 2022 issue of Independent Banker and spotlights Stearns Bank’s determination to do the right thing for the good of the customers and communities it serves.

These awards certify the continued commitment to excellence of Stearns Bank, proudly serving its customers across the nation with the highest quality support, options, and tools available.


About Stearns Bank

Minnesota-based Stearns Bank National Association is a $2.3 billion, independently-owned financial institution with locations in Minnesota, Florida and Arizona, and over 35,000 small business customers nationwide, in every state across the U.S. Recognized as having a bulletproof balance sheet with more than 20% capital and earning top rankings as one of the nation’s highest-performing banks by American Banker, and most recently ranked ninth in the U.S. among banks having more than $1 billion in assets by Independent Banker’s May 2022 Best of the Best ranking of banks with the highest 3-year average Return on Assets, Stearns Bank specializes in nationwide commercial construction lending, USDA and SBA lending, and small business and equipment financing. Driven by a passion to help others achieve their greatest ambitions, Stearns Bank's mission is to Get the Job Done! For more information, visit


Media Contact


Rory Bidinger