Citizens State Bank of Montgomery

Status:Inactive as of 01/01/1999
 Merger - Without Assistance
Successor Bank:Rural American Bank-Montgomery/Lonsdale
Headquarters:Citizens State Bank of Montgomery
103 Elm Avenue
Montgomery, MN 56069
Established:11/05/1905
FDIC Insurance:01/01/1934
FDIC Cert:#13439
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$37,526,000
Total Deposits:$31,234,000

History

1905-11-05Institution established: Original name:Citizens State Bank of Montgomery
1999-01-01Merged into and subsequently operated as part of Rural American Bank-Montgomery/Lonsdale (1921) in LONSDALE, MN
1999-01-01Changed name to Rural American Bank-Montgomery/Lonsdale (1921)
2004-11-01Changed name to Frandsen Bank & Trust (1399)
2004-11-01Merged into and subsequently operated as part of Frandsen Bank & Trust (1399) in LONSDALE, MN
2005-04-01Acquired Valley Bank Dundas (1395) in DUNDAS, MN
2006-03-04Acquired Rural American Bank - Foley (10209) in FOLEY, MN
2008-08-18Acquired First National Bank of Montgomery (18705) in MONTGOMERY, MN
2009-10-19Acquired Northern National Bank (34592) in NISSWA, MN
2009-10-19Acquired Community Bank of the Red River Valley (19180) in EAST GRAND FORKS, MN
2010-05-17Acquired Valley Bank (18845) in WATERVILLE, MN
2011-03-21Acquired Rural American Bank - Braham (5099) in BRAHAM, MN
2011-03-21Acquired Rural American Bank - Luck (9525) in LUCK, WI
2011-08-22Acquired Queen City Federal Savings Bank (31204) in VIRGINIA, MN
2012-03-17Acquired State Bank of Bird Island (8184) in BIRD ISLAND, MN
2013-10-21Acquired Clinton State Bank (1099) in CLINTON, MN
2015-04-01Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2015-04-01Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
2016-10-22Acquired Provincial Bank (34443) in LAKEVILLE, MN
2020-10-17Acquired Peoples Bank Midwest (5347) in HAYWARD, WI

Financial Information (1998-12-31 and Older)