About CorTrust Bank
CorTrust Bank is a Financial Services company based in Mitchell (United States) founded in 1930. Commercial banking services are provided across the United States. It operates on a Professional Services and Brokerage / Intermediation model. CorTrust Bank has raised $16.46 million across 2 funding rounds. The company has 377 employees. CorTrust Bank has completed 1 acquisition, including First Minnesota Bank. Its chief executive, as recorded, is Jack Hopkins. Its website cortrustbank.com draws about 78 thousand monthly visits. CorTrust Bank offers products and services including Mortgage Solutions, Personal Banking, Business Banking, Insurance, and Wealth Management. Its focus areas include Banking and Community Banking. Its legal entity is CORTRUST BANK NA. Its competitors include Truist, Equity Bank and Citi; 1 of its 3 listed competitors has raised funding.
Company details
CorTrust Bank is operated as a fourth-generation family-owned community bank serving regions in South Dakota and Minnesota. Banking solutions are provided for personal, business, and agricultural needs. Mortgage services are offered with in-house processing for efficiency. Insurance and wealth management services are also included in the portfolio. The bank is focused on delivering tailored financial solutions across various sectors.
- Headquarters Mitchell, United States
- Employees 377
- SectorsFinancial Services
- Website category Finance · Banking Credit and Lending
- Phone•••• ••••
- Website cortrustbank.com
- Social LinkedIn X Facebook
- Legal Name Cortrust Bank Na
- Total Equity Funding$16.46M (USD)
in 2 rounds
- Latest Funding Round$7.14M (USD), Series A
Aug 2019
- Employee Count377
- Investments & Acquisitions
Products & Services of CorTrust Bank
CorTrust Bank offers a comprehensive portfolio of products and services, including Mortgage Solutions, Personal Banking, Business Banking, Insurance, and Wealth Management.
Mortgage solutions are provided for homebuyers and upgraders.
Personal banking services are offered with tailored solutions.
Business banking services are provided for various needs.
Insurance products are offered for diverse client needs.
Wealth management services are provided for financial planning.
Funding Insights of CorTrust Bank
CorTrust Bank has successfully raised a total of $16.46M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.14 million completed in August 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $16.46M
- Total Rounds 2
- Last Round Series A — $7.14M
- First Round $9.32M
(Aug 2018)
All 2 funding rounds of CorTrust Bank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2019 | $7.14M | Series A | – | – | – |
| Aug 2018 | $9.32M | Series A | – | – | – |
People of CorTrust Bank
28 people are tracked at CorTrust Bank (26 in leadership, 2 in team); the tracked headcount is 377.
| Name | Role | Group |
|---|---|---|
Jack Hopkins | CEO & President | Leadership |
Paul Stecker | Vice President / Commercial Banking Officer | Leadership |
Barry Sorensen | Vice President Commercial Banking | Leadership |
Amy Johnson | Vp, Retail Operations | Leadership |
Robert Wagner | Vp, Operations Manager-mortgage Servicing At Cortrust Bank | Leadership |
Pamela Rippentrop | Vice President / Branch Manager | Leadership |
John Heisler | Senior Vice President & WMS Manager | Leadership |
David J. Flynn | Vice President / Commercial Lending Officer | Leadership |
Barb Metzinger | Vice President | Leadership |
Nancy Braastad | Vice President / Commercial Lending Officer | Leadership |
Jeff Buechler | Vice President / Branch Manager | Leadership |
Chad Zejdlik | Vice President / Lender / Branch Manager | Leadership |
Chris Bauer | Vice President / Branch Manager | Leadership |
Wendy Zimmerman | Vice President / Branch Manager | Leadership |
Amy Frankman | Vice President / Branch Manager | Leadership |
Paula Brown | Senior Vice President / Loan Officer | Leadership |
Brian Whitemarsh Ii | Vice President / Commercial Banking Officer | Leadership |
Arthur Farber | Vice President / Commercial Lending Officer | Leadership |
Randall Voeller | Vice President / Branch Manager | Leadership |
Jeffry Wosje | Vice President / Branch Manager / Commercial Lender | Leadership |
8 more people are available in the full profile.
Complete people profiles for CorTrust Bank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Investments & Acquisitions by CorTrust Bank
CorTrust Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include First Minnesota Bank.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Commercial banking services are provided in Minnesota since 1881. | firstmnbank.com | Minnetonka, United States | 1881 | May 2019 | •••• |
Complete acquisition details for CorTrust Bank
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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Timeline of CorTrust Bank
4 dated milestones of CorTrust Bank across 89 years, from founding to its latest funding, stage changes and deals.
- Founded CorTrust Bank is founded.
- Funding First funding round of $9.3M.
- Acquisition Acquires First Minnesota Bank.
- Funding Latest funding round, Series A, of $7.1M.
Competitors of CorTrust Bank
CorTrust Bank has 3 listed competitors in our database, 1 of them funded. They include Truist, Equity Bank and Citi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truist.com | 1872 | Charlotte, United States | 55,480 | Wealth advisory and banking services are offered to clients. | ||
| equitybank.com | 2002 | Wichita, United States | $89.7M | Commercial banking services are provided to businesses and individuals. | ||
| citigroup.com | 1812 | New York, United States | 500 | Diversified financial services are offered through commercial banking operations. |
Detailed competitors of CorTrust Bank
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of CorTrust Bank
The website of CorTrust Bank (cortrustbank.com) receives about 78.4K visits a month and ranks #488,743 among all websites worldwide, #6,612 in Banking Credit and Lending.
- Monthly visits78.4K
▼ 21.1% vs previous month
- Unique visitors19.3K
per month
- Global rank#488,743
among all websites
- Category rank#6,612
Finance · Banking Credit and Lending
- Bounce rate85%
- Pages per visit1.1
- Average visit21 sec
- DevicesDesktop 55% · Mobile 45%
Websites whose visitors overlap most with CorTrust Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cortrustbankcc.com | cortrustbankcc.com | 100% | #1,200,803 | – | |
fnbsf.com | fnbsf.com | 78% | #796,472 | – | |
| firstdakota.com | 75% | 34.9K | #645,039 | View details | |
fnbsd.com | fnbsd.com | 72% | – | ||
oneamericanbank.com | oneamericanbank.com | 66% | #5,594,420 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for CorTrust Bank
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Related news about Cortrust Bank
Complete news archive for CorTrust Bank
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Frequently Asked Questions about CorTrust Bank
CorTrust Bank was founded in 1930 and raised its 1st funding round 88 years after it was founded.
CorTrust Bank is headquartered in Mitchell, United States. It is registered at Mitchell, South Dakota, United States.
Jack Hopkins is the CEO of CorTrust Bank, as recorded in our data.
CorTrust Bank is a funded company, having raised a total of $16.46M across 2 funding rounds to date. The company's 1st funding round was a Series A of $9.32M, raised on Aug 2018.
CorTrust Bank has 377 employees.
CorTrust Bank is operated as a fourth-generation family-owned community bank serving regions in South Dakota and Minnesota. Banking solutions are provided for personal, business, and agricultural needs. Mortgage services are offered with in-house processing for efficiency. Insurance and wealth management services are also included in the portfolio. The bank is focused on delivering tailored financial solutions across various sectors.
CorTrust Bank's top competitors include Truist, Citi and Equity Bank.
CorTrust Bank offers Mortgage Solutions, Personal Banking, Business Banking, Insurance, and Wealth Management.
CorTrust Bank has made 1 acquisition, including First Minnesota Bank.
CorTrust Bank operates through Cortrust Bank Na.