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
1963-08-01 | Institution established: Original name:Valley National Bank of North Mankato | |
1988-07-15 | Acquired Otisco State Bank (8835) in OTISCO, MN | |
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 (5210) in MINNESOTA LAKE, MN | |
1999-06-15 | Changed name to Valley Bank | |
2006-09-11 | Acquired Rural American Bank - Hector/Fairfax (10562) in HECTOR, MN | |
2006-09-11 | Moved bank headquarters from NORTH MANKATO, MN to WATERVILLE, MN | |
2006-09-11 | Acquired Citizens State Bank of Waterville (15918) in WATERVILLE, MN | |
2009-07-27 | Acquired Valley Bank Minnesota (33311) in JORDAN, MN | |
2010-05-17 | Merged into and subsequently operated as part of Frandsen Bank & Trust (1399) in LONSDALE, 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 COMPTROLLER OF THE CURRENCY 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 |