Lake Elmo Bank on Your Credit Report
In short: Lake Elmo Bank is a state-chartered commercial bank that is not a member of the Federal Reserve System, headquartered in Lake Elmo, Minnesota. FDIC certificate 15443 records the charter as established August 1, 1911. The pre-Federal-Reserve charter date matters here only because a charter predating federal deposit insurance has been through enough system migrations that stale status codes are the common defect. As of the 06/30/2026 call report, Lake Elmo Bank held $530 million in assets and operated 9 FDIC-reported offices. Lending from its own balance sheet makes Lake Elmo Bank the furnisher of record rather than an assignee, so your FCRA §623 dispute reaches the institution that actually holds the account documents. Information that is inaccurate, incomplete, or unverifiable can be disputed under the FCRA. Outcomes depend on what the furnisher can verify, and results vary.
Who Lake Elmo Bank actually is
Charter details above are from the FDIC BankFind public database.
What makes this creditor different
Lake Elmo Bank holds FDIC certificate 15443, chartered August 1, 1911 in Lake Elmo, Minnesota (115 years old), and reported $530 million in total assets across 9 offices on the 06/30/2026 call report.
How Lake Elmo Bank appears on your credit report
The distinction that matters: Lake Elmo Bank is the original creditor on the account, not a third party that bought it. At $530 million in assets, credit reporting is usually handled by a compact back-office group, so a narrow, specific dispute tends to move faster than a broad one. Pin the account down by last four digits and open date, state precisely which field is inaccurate, and mirror the dispute to all three bureaus so the §611 and §623 tracks proceed together. Whether the tradeline changes depends on what verification turns up; no one can promise you a result.
Names it may report under
Products that commonly show up
- ◆Personal and signature loans originated at its 9 Minnesota offices
- ◆First-lien mortgages and home-equity lines on Minnesota property
- ◆Overdraft lines and deposit-linked credit tied to Lake Elmo Bank checking accounts
Grounds to dispute a Lake Elmo Bank entry
Each of these is a reason a Lake Elmo Bank tradeline may be inaccurate or unverifiable. None of them assures removal — they are the angles worth checking on your own report.
- ◆Minnesota mortgage paid at closing but still showing a balance with Lake Elmo Bank
- ◆Charge-off reported by Lake Elmo Bank after the account was settled in full
- ◆Duplicate Lake Elmo Bank tradeline created when the account migrated between core systems
- ◆Account balance or credit limit reported incorrectly
- ◆Payment reported late when it was made inside the grace period
- ◆Date of first delinquency re-aged to extend how long it can report
- ◆Account still reporting as open after it was closed, or vice versa
- ◆Duplicate tradeline for the same account after an internal transfer
- ◆Account belongs to someone else with a similar name, or is the result of identity theft
Disputing an original creditor is not the same as disputing a collector
Lake Elmo Bank is an original creditor — the institution whose name was on the account when it was opened. That matters for two reasons. First, the FDCPA, which governs debt collectors, generally does not apply to a creditor collecting its own debt in its own name, so the “debt validation” request that works against a collection agency is not the right tool here. Second, as the furnisher of the tradeline, Lake Elmo Bank has direct obligations under FCRA §623 to investigate a dispute you send it and to correct or delete information it cannot verify as accurate.
Dispute with the bureaus — FCRA §611
File with Equifax, Experian and TransUnion. They must generally investigate within 30 days and tell the furnisher. Free, and you can do it yourself.
Dispute with the furnisher — FCRA §623
Send Lake Elmo Bank a direct written dispute. It must investigate and must not continue reporting information it knows is inaccurate. Keep copies and proof of delivery.
Lake Elmo Bank questions, answered
Is Lake Elmo Bank FDIC-insured, and what is its certificate number?
Yes. Lake Elmo Bank holds FDIC certificate 15443. The FDIC record shows a charter established August 1, 1911, headquarters in Lake Elmo, MN, and 9 FDIC-reported offices with $530 million in total assets as of the 06/30/2026 call report. It is a state-chartered commercial bank that is not a member of the Federal Reserve System, supervised by the FDIC and its state banking regulator.
Who regulates Lake Elmo Bank, and where do I escalate if a dispute fails?
Lake Elmo Bank is a state-chartered commercial bank that is not a member of the Federal Reserve System, so its primary oversight runs through the FDIC and its state banking regulator. If a dispute with the bank and the bureaus does not resolve an inaccuracy, you can file a complaint with the Consumer Financial Protection Bureau, and you retain a private right of action under FCRA §§616–617. Escalating does not require a third party — you can do all of it yourself at no cost.
How many credit-card complaints does the CFPB show against Lake Elmo Bank?
We do not publish a figure for Lake Elmo Bank. A 9-office community bank is rarely a distinct company in the CFPB's credit-card complaint data, and we do not publish counts matched by partial name, because similar names belong to unrelated companies and attributing another firm's complaints to Lake Elmo Bank would be inaccurate. You can search the database yourself at consumerfinance.gov.
How long can a Lake Elmo Bank charge-off stay on my credit report?
The FCRA ceiling is roughly seven years measured from the date of first delinquency on the Lake Elmo Bank account. That anchor date does not reset when the balance is charged off, sold, or transferred. A Lake Elmo Bank tradeline whose delinquency date drifts later is re-aged, and re-aging is a reportable inaccuracy in its own right.
What is the difference between disputing with Lake Elmo Bank and disputing with a collector?
A collector's tradeline is a second, separate entry derived from information passed along at sale or placement. Lake Elmo Bank's tradeline is the original, backed by the bank's own account records. That asymmetry is why a specific factual dispute to Lake Elmo Bank tends to produce a documented answer, while the same dispute to a collector often produces only a verification code.
Does Lake Elmo Bank report to all three credit bureaus?
Furnishing is voluntary under the FCRA, so this depends on Lake Elmo Bank's own arrangements. A lender with 9 offices and $530 million in assets may report to only one or two bureaus, each on its own cycle. Pull all three before deciding a Lake Elmo Bank account is missing or misreported — a balance that differs between bureaus is usually just a timing artifact, whereas a mismatch in payment history, account status or date of first delinquency is worth a dispute.
Lake Elmo Bank was acquired or changed names — why does my report show two accounts?
Mergers and rebrands routinely cause this: a converted Lake Elmo Bank account can appear under both the old and new furnisher name at once. Only one tradeline should survive, and the duplicate needs to be deleted rather than marked closed, since a duplicate still inflates your utilization and account count. Here, a charter predating federal deposit insurance has been through enough system migrations that stale status codes are the common defect. Identify both versions by last four digits and open date when you dispute.
Can I dispute Lake Elmo Bank reporting myself, without paying anyone?
Yes, and at no cost. Both the §611 bureau dispute and the §623 furnisher dispute are rights you already hold — no company is required to exercise them for you. Write to Lake Elmo Bank naming the specific field you believe is wrong, copy the bureaus, and keep proof of mailing. Outcomes depend on what the records show and vary by account.
What should I check first on Lake Elmo Bank reporting?
Check the delinquency date first, since it controls the reporting window; then account status, which decides how the item is read; then the balance and limit, which drive utilization. With Lake Elmo Bank, a charter predating federal deposit insurance has been through enough system migrations that stale status codes are the common defect. Verify each against statements in your possession — a dispute anchored to one specific provable discrepancy is the one that moves.
Other creditors on credit reports
This page is general information about consumer rights, not legal advice, and does not create an attorney-client relationship. Crowned Credit is not affiliated with, endorsed by, or sponsored by Lake Elmo Bank; company names are used only to identify the institution a consumer may see on a credit report. Crowned Credit does not promise any particular outcome; results vary by individual circumstances and by what a furnisher is able to verify. Accurate, verifiable information generally cannot be removed from a credit report. You have the right to dispute inaccurate information yourself, for free, directly with the credit bureaus and with the furnisher.
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