-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001362118-10-000012.txt : 20100205
<SEC-HEADER>0001362118-10-000012.hdr.sgml : 20100205
<ACCEPTANCE-DATETIME>20100205092422
ACCESSION NUMBER:		0001362118-10-000012
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100205
DATE AS OF CHANGE:		20100205
EFFECTIVENESS DATE:		20100205

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PLATINUM BANCORP INC
		CENTRAL INDEX KEY:			0001388909
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MN

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-99678
		FILM NUMBER:		10575768

	BUSINESS ADDRESS:	
		STREET 1:		7667 10TH STREET NORTH
		CITY:			OAKDALE
		STATE:			MN
		ZIP:			55128
		BUSINESS PHONE:		651-332-5252

	MAIL ADDRESS:	
		STREET 1:		7667 10TH STREET NORTH
		CITY:			OAKDALE
		STATE:			MN
		ZIP:			55128
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001388909</cik>
        <entityName>PLATINUM BANCORP INC</entityName>
        <issuerAddress>
            <street1>7667 10TH STREET NORTH</street1>
            <city>OAKDALE</city>
            <stateOrCountry>MN</stateOrCountry>
            <zipCode>55128</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>651-332-5252</issuerPhoneNumber>
        <jurisdictionOfInc>MINNESOTA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2006</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName>W</middleName>
                <lastName>Rom</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>7667 10th Street N</street1>
                <city>Oakdale</city>
                <stateOrCountry>MN</stateOrCountry>
                <zipCode>55128</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Marc</firstName>
                <middleName>L</middleName>
                <lastName>Cove</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>7667 10th Street North</street1>
                <city>Oakdale</city>
                <stateOrCountry>MN</stateOrCountry>
                <zipCode>55128</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Timothy</firstName>
                <middleName>S</middleName>
                <lastName>McIntee</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>7667 10th Street North</street1>
                <city>Oakdale</city>
                <stateOrCountry>MN</stateOrCountry>
                <zipCode>55128</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName>F</middleName>
                <lastName>DeSutter</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>7667 10th Street North</street1>
                <city>Oakdale</city>
                <stateOrCountry>MN</stateOrCountry>
                <zipCode>55128</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <middleName>A</middleName>
                <lastName>Sanford</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>7667 10th Street North</street1>
                <city>Oakdale</city>
                <stateOrCountry>MN</stateOrCountry>
                <zipCode>55128</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Gregory</firstName>
                <middleName>R</middleName>
                <lastName>LeGare</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>7667 10th Street North</street1>
                <city>Oakdale</city>
                <stateOrCountry>MN</stateOrCountry>
                <zipCode>55128</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Commercial Banking</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Not Applicable</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001362118-09-000032</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-06-30</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>5000000</totalOfferingAmount>
            <totalAmountSold>976000</totalAmountSold>
            <totalRemaining>4024000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>1</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>11</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>PLATINUM BANCORP INC</issuerName>
                <signatureName>/s/David W. Rom</signatureName>
                <nameOfSigner>David W. Rom</nameOfSigner>
                <signatureTitle>CEO, Pres, Secy &amp; Director</signatureTitle>
                <signatureDate>2010-01-28</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----