Valley Bank

Status:Inactive as of 05/17/2010
 Merger - Without Assistance
Successor Bank:Frandsen Bank & Trust
Headquarters:Valley Bank
320 East Main Street
Waterville, MN 56096
Established:08/01/1963
FDIC Insurance:08/01/1963
FDIC Cert:#18845
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$249,084,000
Total Deposits:$211,099,000

History

1963-08-01Institution established: Original name:Valley National Bank of North Mankato
1988-07-15Acquired Otisco State Bank (8835) in OTISCO, MN
1994-09-01Changed name to Valley Bank
1999-01-15Changed name to Rural American Bank-North Mankato
1999-01-15Acquired Farmers Bank (5210) in MINNESOTA LAKE, MN
1999-06-15Changed name to Valley Bank
2006-09-11Acquired Rural American Bank - Hector/Fairfax (10562) in HECTOR, MN
2006-09-11Moved bank headquarters from NORTH MANKATO, MN to WATERVILLE, MN
2006-09-11Acquired Citizens State Bank of Waterville (15918) in WATERVILLE, MN
2009-07-27Acquired Valley Bank Minnesota (33311) in JORDAN, MN
2010-05-17Merged into and subsequently operated as part of Frandsen Bank & Trust (1399) in LONSDALE, MN
2011-03-21Acquired Rural American Bank - Luck (9525) in LUCK, WI
2011-03-21Acquired Rural American Bank - Braham (5099) in BRAHAM, MN
2011-08-22Acquired Queen City Federal Savings Bank (31204) in VIRGINIA, MN
2012-03-17Acquired State Bank of Bird Island (8184) in BIRD ISLAND, MN
2013-10-21Acquired Clinton State Bank (1099) in CLINTON, MN
2015-04-01Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2015-04-01Changed primary regulatory agency from COMPTROLLER OF THE CURRENCY to FEDERAL RESERVE BOARD
2016-10-22Acquired Provincial Bank (34443) in LAKEVILLE, MN
2020-10-17Acquired Peoples Bank Midwest (5347) in HAYWARD, WI

Financial Information (2010-03-31 and Older)