Citizens State Bank of Hayfield

Citizens State Bank of Hayfield was established on June 10, 1910, originally under the name Citizens State Bank of Hayfield. Over the years, it underwent several changes in its operational structure and locations. On December 30, 1989, the main office was relocated to Main Street in Hayfield, Minnesota, reinforcing its local presence. The bank operated under government open bank assistance starting January 27, 1988, reflecting challenges faced during that period. Subsequently, on November 19, 2003, the main office was moved again to 216 1st Avenue NE, Hayfield, Minnesota, where it continued its banking services until its merger on September 17, 2021. At that time, Citizens State Bank of Hayfield merged with Manufacturers Bank & Trust Company located in Forest City, Iowa, marking the conclusion of its independent operations.

Below is a list of some important events in banks history, including mergers and acquisitions.

1910-06-10Institution established. Original name: Citizens State Bank of Hayfield.

1988-01-27Maintained operations with government open bank assistance.

1989-12-30Main Office moved to Main Street, Hayfield, MN 55940.

2003-11-19Main Office moved to 216 1st Avenue Ne, Hayfield, MN 55940.

2021-09-17Merged and became part of Manufacturers Bank & Trust Company (16307) in Forest City, IA.