Minnesota – Waseca – New Richland
(NM) Commercial bank, state charter and Fed nonmember
inactive
Minnesota
Waseca
New Richland
(NM) Commercial bank, state charter and Fed nonmember
inactive
8835
1914
FDIC Certificate Number: 8835
FDIC's unique number: 5630
The FDIC Field Office where an institution is physically located: Mankato
Federal Reserve ID Number: 815558
Report Date: 1988-06-30
Bank Charter Class: NM
The date of the last data update: 1999-05-05
1914-04-01 Institution established. Original name: Otisco State Bank.
1988-07-15 Merged into and subsequently operated as part of Valley National Bank of North Mankato in North Mankato, Minnesota.
1994-09-01 Changed name to Valley Bank .
1999-01-15 Changed name to Rural American Bank-north Mankato .
1999-01-15 Acquired Farmers Bank in Minnesota Lake, Minnesota.
1999-06-15 Changed name to Valley Bank .
2006-09-11 Moved bank headquarters from North Mankato, Minnesota to Waterville, Minnesota.
2006-09-11 Acquired Rural American Bank - Hector/fairfax in Hector, Minnesota.
2006-09-11 Acquired Citizens State Bank Of Waterville in Waterville, Minnesota.
2009-07-27 Acquired Valley Bank Minnesota in Jordan, Minnesota.
2010-05-17 Merged into and subsequently operated as part of Frandsen Bank & Trust in Lonsdale, Minnesota.
2011-03-21 Acquired Rural American Bank - Braham in Braham, Minnesota.
2011-03-21 Acquired Rural American Bank - Luck in Luck, Wisconsin.
2011-08-22 Acquired Queen City Federal Savings Bank in Virginia, Minnesota.
Total assets: $16,085,000
Total deposits: $14,577,000
Last updated on: 2011-10-20
No affiliations
No associations
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Profile ID: LFUS-BAB-P-3375