Minneapolis/St. Paul Business Journal has recognized Granite Bank as one of the top 50 fastest-growing private companies in the Twin Cities, ranking the bank No. 4 overall.
The Fast 50 award is presented annually to the fastest-growing privately held, independently owned companies headquartered in the Twin Cities metro area. To qualify, companies must demonstrate significant revenue growth over multiple years and reach at least $1 million in revenue in the most recent year.
“Our company has been built on a vision of keeping our customers’ and employees’ best interests first,” said Gerald Reiter, president and CEO of Granite Bank. “It’s our talented employees who have driven our growth. Accessibility, empowerment, family feel, transparency, and agility are our core values. We are fiercely protective of these tenets, and we live those every day.”
Granite Bank’s Mortgage Division, established in 2022, has played a pivotal role in the company’s growth as well.
“For the last few years, mortgage has been the engine that drives top-of-funnel growth to the rest of our bank—it’s created thousands of new relationships and brand awareness,” said Jacob Reiter, executive vice president and CEO of the Mortgage Division. “As a result, we’ve leveraged that into loan, deposit, revenue, and earnings growth. Everyone is here to build something special and leave their mark on the organization. Our vision for Granite is to be one of the leading community banks in Minnesota in terms of stability, growth, employee satisfaction, and financial performance while being renowned nationally for our culture, energy, and ambition in mortgage lending.”
The Fast 50 Awards Ceremony was held October 23, 2025, at U.S. Bank Stadium, where individual company rankings were announced.
About Granite Bank:
Granite Bank is a family-owned community bank headquartered in Cold Spring, Minnesota, with its Mortgage Division based in Champlin. Founded in 1902 and led by President & CEO Gerald Reiter, Granite Bank remains committed to providing exceptional service, combining the latest banking technology with a wide range of mortgage products.
