Rural American Bank - Foley
Status: | Inactive as of 03/04/2006 |
Merger - Without Assistance | |
Successor Bank: | Frandsen Bank & Trust |
Headquarters: | Rural American Bank - Foley 341 Fourth Avenue Foley, MN 56329 |
Established: | 05/03/1903 |
FDIC Insurance: | 01/01/1934 |
FDIC Cert: | #10209 |
Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
Total Assets: | $72,832,000 |
Total Deposits: | $65,442,000 |
History
1903-05-03 | Institution established: Original name:State Bank of Foley | |
1993-07-01 | Acquired First State Bank of Gilman, Incorporated (13554) in GILMAN, MN | |
1993-07-01 | Changed name to Rural American Bank-Foley/Gilman | |
2003-02-01 | Changed name to Rural American Bank - Foley | |
2006-03-04 | Merged into and subsequently operated as part of Frandsen Bank & Trust (1399) in LONSDALE, MN | |
2008-08-18 | Acquired First National Bank of Montgomery (18705) in MONTGOMERY, MN | |
2009-10-19 | Acquired Northern National Bank (34592) in NISSWA, MN | |
2009-10-19 | Acquired Community Bank of the Red River Valley (19180) in EAST GRAND FORKS, MN | |
2010-05-17 | Acquired Valley Bank (18845) in WATERVILLE, MN | |
2011-03-21 | Acquired Rural American Bank - Luck (9525) in LUCK, WI | |
2011-03-21 | Acquired Rural American Bank - Braham (5099) in BRAHAM, MN | |
2011-08-22 | Acquired Queen City Federal Savings Bank (31204) in VIRGINIA, MN | |
2012-03-17 | Acquired State Bank of Bird Island (8184) in BIRD ISLAND, MN | |
2013-10-21 | Acquired Clinton State Bank (1099) in CLINTON, MN | |
2015-04-01 | Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS | |
2015-04-01 | Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD | |
2016-10-22 | Acquired Provincial Bank (34443) in LAKEVILLE, MN | |
2020-10-17 | Acquired Peoples Bank Midwest (5347) in HAYWARD, WI |