First Minnesota Bank

First Minnesota Bank was established on October 10, 1881, originally named The First National Bank of Glencoe. Throughout its history, the bank underwent several key changes, including a name change to First Minnesota Bank, National Association on October 1, 1995, following the acquisition of the First Bank of Minnesota in Hutchinson, Minnesota. The bank's main office was relocated to Glencoe, Minnesota that same year. In 2005, significant changes occurred as the institution withdrew from the Federal Reserve System and transformed into a state-chartered bank regulated by the FDIC. The bank moved its main office to Minnetonka, Minnesota in October 2000 and again in October 2015. In January 2013, it expanded further by acquiring 1st Regents Bank in Andover, Minnesota through a government-assisted merger. Ultimately, on August 17, 2019, First Minnesota Bank merged with CorTrust Bank National Association, based in Mitchell, South Dakota, effectively ending its independent operations.

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

1881-10-10Institution established. Original name: The First National Bank of Glencoe.

1976-08-30Main Office moved to 606 Franklin Avenue, Glencoe, MN 55336.

1995-10-01Changed Institution Name to First Minnesota Bank, National Association.

1995-10-01Main Office moved to 606 East 11th Street, Glencoe, MN 55336.

1995-10-01Acquired First Bank of Minnesota in Hutchinson, MN.

2000-10-01Main Office moved to 4625 County Highway 101, Minnetonka, MN 55343.

2005-06-16Institution withdraws from membership in the Federal Reserve System.

2005-06-16Changed Chartering Agency to State.

2005-06-16Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

2005-06-16Changed Primary Federal Regulatory Agency to FDIC.

2005-06-16Changed Institution Name to First Minnesota Bank.

2013-01-18Acquired 1st Regents Bank in Andover, MN as part of a government assisted merger.

2015-10-06Main Office moved to 4625 County Highway 101, Minnetonka, MN 55345.

2019-08-17Merged and became part of CorTrust Bank National Association in Mitchell, SD.