State Bank of Redwood

Status:Inactive as of 06/02/1993
 Merger - Without Assistance
Successor Bank:Minnesota Valley Bank
Headquarters:State Bank of Redwood
1275 East Bridge Street
Redwood Falls, MN 56283
Established:01/01/1914
FDIC Insurance:01/01/1934
FDIC Cert:#9352
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$14,568,000
Total Deposits:$13,501,000

History

1914-01-01Institution established: Original name:Farmers State Bank of Morton, Incorporated
1983-08-08Moved bank headquarters from MORTON, MN to REDWOOD FALLS, MN
1983-08-08Changed name to Farmers State Bank of Redwood Falls
1986-10-27Changed name to State Bank of Redwood
1993-06-02Merged into and subsequently operated as part of Minnesota Valley Bank (9342) in REDWOOD FALLS, MN
1997-02-07Changed name to Minnesota Valley Bank (16958)
1997-02-07Merged into and subsequently operated as part of Minnesota Valley Bank (16958) in REDWOOD FALLS, MN
2002-05-01Changed name to Minnwest Bank, M.V. (16958)
2014-05-24Acquired Minnwest Bank Central (1398) in MONTEVIDEO, MN
2014-05-24Changed name to Minnwest Bank (16958)
2014-05-24Acquired Minnwest Bank South (1410) in TRACY, MN
2014-05-24Acquired Minnwest Bank Metro (17898) in EAGAN, MN
2014-05-24Acquired Minnwest Bank Sioux Falls (35545) in SIOUX FALLS, SD
2014-05-24Acquired Minnwest Bank Luverne (8224) in LUVERNE, MN
2014-07-26Acquired State Bank of Gibbon (11972) in GIBBON, MN
2018-09-21Acquired Security State Bank of Lewiston (10201) in LEWISTON, MN
2018-11-16Acquired Peoples State Bank (9950) in SUMMIT, SD
2018-11-16Acquired First State Bank (15787) in WILMOT, SD
2021-11-19Acquired RoundbankMinnwest Bank (5271) in WASECA, MN.

Financial Information (1992-12-31 and Older)