State Bank of Clarks Grove

Status:Inactive as of 03/31/2014
 Absorption - Without Assistance
Successor Bank:Produce State Bank
Headquarters:State Bank of Clarks Grove
2401 Bridge Avenue
Albert Lea, MN 56007
Established:08/21/1903
FDIC Insurance:01/01/1934
FDIC Cert:#8829
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$27,908,000
Total Deposits:$25,230,000

History

1903-08-21Institution established: Original name:State Bank of Clarks Grove
2010-07-16Moved bank headquarters from CLARKS GROVE, MN to ALBERT LEA, MN
2014-03-31Merged into and subsequently operated as part of Produce State Bank (10178) in HOLLANDALE, MN
2020-01-15Acquired Citizens State Bank of Glenville (1918) in GLENVILLE, MN

Financial Information (2013-12-31 and Older)