Platinum Bank
Platinum Bank received 51 applications in 2025 and made 43 mortgages, in 18 counties across 4 states. The median rate its borrowers got was Not published on a median loan of $355,000. Of 48 decisions, 1 were denials — 2.1%.
| Legal Entity Identifier | 254900MSHJQMAF6B3Q76 |
|---|---|
| Applications received | 51 |
| Mortgages made | 43 |
| Denied | 1 |
| Approved, not taken up | 4 |
| Withdrawn or incomplete | 3 |
| Loans bought from other lenders | 0 |
| Median rate spread over the prime offer rate | Not published |
| FDIC-insured bank | Yes: Platinum Bank, 2 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 32 | Not published | $370,000 | 0.0% |
| Refinancing | 8 | Under 10 loans | Under 10 loans | 0.0% |
| Cash-out refinancing | 1 | Under 10 loans | Under 10 loans | 50.0% |
| Other purposes | 2 | Under 10 loans | Under 10 loans | 0.0% |
Where Platinum Bank lends most
The 18 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Hennepin County, MN | 14 | Not published | 6.3% |
| Ramsey County, MN | 5 | Under 10 loans | 0.0% |
| Washington County, MN | 4 | Under 10 loans | 0.0% |
| Dakota County, MN | 3 | Under 10 loans | 0.0% |
| Wright County, MN | 3 | Under 10 loans | 0.0% |
| Cass County, MN | 2 | Under 10 loans | 0.0% |
| Chisago County, MN | 2 | Under 10 loans | 0.0% |
| Maricopa County, AZ | 1 | Under 10 loans | 0.0% |
| Naugatuck Valley Planning Region, CT | 1 | Under 10 loans | 0.0% |
| Lee County, FL | 1 | Under 10 loans | 0.0% |
| Anoka County, MN | 1 | Under 10 loans | 0.0% |
| Benton County, MN | 1 | Under 10 loans | 0.0% |
| Carver County, MN | 1 | Under 10 loans | 0.0% |
| Goodhue County, MN | 1 | Under 10 loans | 0.0% |
| Kanabec County, MN | 1 | Under 10 loans | 0.0% |
| Nicollet County, MN | 1 | Under 10 loans | 0.0% |
| St. Louis County, MN | 1 | Under 10 loans | 0.0% |
| McLeod County, MN | 0 | Under 10 loans | Not published |
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When Platinum Bank’s figures are published for the next year, or restated.
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.