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Marquette Bank Minneapolis

Defunct Minneapolis bank that was party to a US Supreme Court decision

Marquette Bank Minneapolis, formerly named the Marquette National Bank, was a bank in Minneapolis, Minnesota. It was party to Marquette National Bank of Minneapolis v. First of Omaha Service Corp., an important decision by the Supreme Court of the United States which regulated the banking industry.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1920Founded1
  • Industrybank1
  • HeadquartersMinneapolis1
  • Legal formcompany1

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Marquette Bank Minneapolis, formerly named the Marquette National Bank, was a bank in Minneapolis, Minnesota. It was party to Marquette National Bank of Minneapolis v. First of Omaha Service Corp., an important decision by the Supreme Court of the United States which regulated the banking industry.2

The story

Originally named the Marquette National Bank, it 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 announced the sale to First Bank System (now US Bank) in January 1992 with the deal finally closing in December 1992 for $200 million in stock.

From Wikipedia’s article on Marquette Bank Minneapolis, shared under CC BY-SA 4.0.3

Timeline

  1. 1920Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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