Marquette Bank Minneapolis

Marquette Bank Minneapolis

Marquette National Bank was chartered in 1920 and was named for Marquette Avenue, the financial center of Minneapolis, Minnesota.

The bank was eventually acquired by Carl Pohlad and had $350 million in assets in 1982 when it acquired the failing Farmers and Mechanics Savings Bank of Minneapolis (F&M) and had nearly $1 billion of assets prior to sale which was arranged by the Federal Deposit Insurance Corporation. After the acquisition, the name was changed to Marquette Bank Minneapolis and it had the fourth most assets in the state. The bank was owned by the Bank Shares, Inc. holding company which was controlled by the Pohlad family and which owned several other banks in the Minneapolis area using the Marquette name.

Bank Shares was sold to First Bank (now US Bank) in late 1991 with the deal finally closing in 1993.