Peoples State Bank of Madison Lake

Peoples State Bank of Madison Lake was established on November 15, 1901. The bank originally served the community of Madison Lake, Minnesota, providing various financial services to its customers over the years. On December 30, 1989, the bank relocated its main office to 500 Main Street in Madison Lake, enhancing its accessibility to the local population. After more than a century of operation, Peoples State Bank of Madison Lake merged with Cornerstone State Bank on March 11, 2016, becoming part of the larger financial institution based in Montgomery, Minnesota.

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

1901-11-15Institution established. Original name: Peoples State Bank of Madison Lake.

1989-12-30Main Office moved to 500 Main Street, Madison Lake, MN 56063.

2016-03-11Merged and became part of Cornerstone State Bank in Montgomery, MN.