For Bank Cherokee, a healthy slice of local banking

  • Article by: TODD NELSON , Special to the Star Tribune
  • Updated: October 26, 2008 - 10:32 PM

The St. Paul-based bank, the metro area's oldest to be family-owned, is celebrating 100 years in business.

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cguerberOct. 27, 08 8:37 AM

Is this article a paid advertisement? I know nothing about this bank and have nothing against it. But when you check it out on Bankrate.com, it has the lowest ranking (1 out of 5 stars). Plus, Bankrates "Memoradnum on Findings" doesn't look so good. Here is one quote: COMPOSITE SUMMARY Bankrate believes that, as of June 30, 2008, this bank exhibited a significantly below average condition, characterized by substantially lower than normal overall, sustainable profitability, very questionable asset quality, mid-range capitalization and seemingly ample liquidity. I don't mean to upset the apple cart, but I think people should be made aware and given an unbiased view.

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runotkiddingOct. 27, 08 5:10 PM

It is insulting to Native Americans for this bank to use Cherokee in its name. Also, it appears to be a predatory lender - that is why it has so many defaults.

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