Peoples Bank Midwest

Peoples Bank Midwest was established on March 2, 1925, as The Peoples National Bank of Hayward. Over the decades, the institution underwent several name changes and expansions. On August 30, 1971, the main office was relocated to 301 Iowa Avenue in Hayward, Wisconsin. In 1996, the bank changed its name to Peoples National Bank, reflecting a shift towards a broader market presence. On June 14, 2002, the bank adopted the name Peoples Bank of Wisconsin and transitioned to a state-chartered bank under the oversight of the Federal Reserve System. The main office was moved again on June 30, 2002, to 10583 Main Street in Hayward. On December 7, 2013, the institution rebranded itself as Peoples Bank Midwest and subsequently acquired Summit Community Bank located in Maplewood, Minnesota. The bank's history culminated in its merger with Frandsen Bank & Trust on October 17, 2020, in Lonsdale, Minnesota.

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

1925-03-02Institution established. Original name: The Peoples National Bank of Hayward.

1971-08-30Main Office moved to 301 Iowa Avenue, Hayward, WI 54843.

1996-07-18Changed Institution Name to Peoples National Bank.

2002-06-14Changed Chartering Agency to State.

2002-06-14Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

2002-06-14Changed Primary Federal Regulatory Agency to FED.

2002-06-14Changed Institution Name to Peoples Bank of Wisconsin.

2002-06-30Main Office moved to 10583 Main Street, Hayward, WI 54843.

2013-12-07Changed Institution Name to Peoples Bank Midwest.

2013-12-07Acquired Summit Community Bank in Maplewood, MN.

2020-10-17Merged and became part of Frandsen Bank & Trust in Lonsdale, MN.