Community Development Bank

  • Bank Name:Community Development Bank
  • Bank Class:State Chartered Savings Bank
  • Member FDIC:Certificate #10568
  • Routing Number:N/A
  • Locations:3 Branches in Minnesota
  • Web Address:comdevbank.com
Headquarters:516 Main Street, Ogema, Minnesota 56569

Community Development Bank Information

Community Development Bank was founded in January 1906 and is based in Ogema, Minnesota. The bank operates as a subsidiary of Midwest Minnesota Community Development Corporation. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, Community Development Bank is classified as a savings banks, state charter, supervised by the FDIC. Community Development Bank is a FDIC-insured bank with certificate number of 10568. The assigned Fed RSSD ID of Community Development Bank is 168357.

Community Development Bank currently operates with 3 branches located in Minnesota. Community Development Bank is the 120th largest bank in Minnesota. The bank does not have any offices outside Minnesota.

Bank routing number is a 9 digit code which is necessary to process ACH transfers, wire transactions, direct deposits, bill payments, and other money transfers in the US. We currently do not have a routing number for Community Development Bank in our database.

The full address of bank headquarters is 516 Main Street, Ogema, MN 56569. You can visit the official website of the bank at https://www.comdevbank.com for more information and online banking service if available. For a comprehensive list of Community Development Bank branches, including detailed information such as hours of operation, contact numbers, addresses, available services, and more, please narrow your search by selecting a location from the map or list below.

Map Of Branch Locations

Bank Offices In Minnesota

570 6th Street, Hancock 56244
516 Main Street, Ogema 56569
12725 43rd Street, N.E., Saint Michael 55376

History Of Community Development Bank

Community Development Bank was established on January 6, 1906, originally under the name Ogema State Bank. Over the years, the institution underwent several significant changes, notably on June 29, 2001, when it rebranded itself as Community Development Bank, FSB, and transitioned to a federal savings bank regulated by the Office of Thrift Supervision (OTS). In December 2006, the bank moved its main office to 516 Main Street in Ogema, Minnesota. On February 5, 2010, Community Development Bank acquired 1st American State Bank of Minnesota in Hancock, Minnesota, through a government-assisted merger. On July 21, 2011, the bank changed its primary federal regulatory agency to the Office of the Comptroller of the Currency. Ultimately, on September 20, 2024, Community Development Bank closed voluntarily and liquidated its assets.

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

09-20-2024Closed voluntarily and liquidated its assets.

07-21-2011Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

02-05-2010Acquired 1st American State Bank of Minnesota in Hancock, MN as part of a government assisted merger.

12-06-2006Main Office moved to 516 Main Street, Ogema, MN 56569.

06-29-2001Changed Institution Name to Community Development Bank, Fsb.

View 5 More Events in Bank's History …

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Bank Rating & Reviews
5.0 / 5
  • Rating 5.00/

Bank rating displayed here is the average value for all Community Development Bank branches. A total of 2 customers had cast their vote for 3 branches and in average, Community Development Bank got a score of 5.0 out of 5 stars.

Popular Branches
12725 43rd Street, N.E., Saint Michael, MN 55376
570 6th Street, Hancock, MN 56244
516 Main Street, Ogema, MN 56569
Newly Opened Branches

No new branches were opened in the last 12 months...

Closed Branches

No branches were closed in the last 12 months...

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