Pine Island Bank
- Bank Name:Pine Island Bank
- Bank Class:State Chartered - FED Nonmember Bank
- FDIC ID:Certificate #12193 - Inactive
- FED RSSD ID:#729459 - Inactive
History Of Pine Island Bank
Pine Island Bank was established on July 27, 1931, originally operating under the name The Security State Bank of Pine Island. Over the years, the bank underwent several changes, including a significant relocation of its main office to 128 South Main Street in Pine Island, Minnesota, on December 30, 1989. On May 9, 2003, the institution changed its name to Pine Island Bank. However, on September 17, 2022, Pine Island Bank merged with Frandsen Bank & Trust, based in Lonsdale, Minnesota, becoming part of that institution.
Below is a list of some important events in banks history, including mergers and acquisitions.
1931-07-27Institution established. Original name: The Security State Bank of Pine Island.
1989-12-30Main Office moved to 128 South Main Street, Pine Island, MN 55963.
2003-05-09Changed Institution Name to Pine Island Bank.
2022-09-17Merged and became part of Frandsen Bank & Trust in Lonsdale, MN.
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