Community Bank of the Red River Valley

Status:Inactive as of 10/19/2009
 Merger - Without Assistance
Successor Bank:Frandsen Bank & Trust
Headquarters:Community Bank of the Red River Valley
1413 Central Avenue, N.W.
East Grand Forks, MN 56721
Established:07/20/1964
FDIC Insurance:07/20/1964
FDIC Cert:#19180
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$282,114,000
Total Deposits:$241,418,000

History

1964-07-20Institution established: Original name:Citizens State Bank of East Grand Forks
1996-07-15Acquired Peoples State Bank of Warren (9774) in WARREN, MN
1996-07-15Changed name to Rural American Bank - East Grand Forks
2001-07-01Acquired Valley State Bank of Oslo (19356) in OSLO, MN
2003-08-29Acquired Community National Bank of Grand Forks (18764) in GRAND FORKS, ND
2003-08-29Changed name to Community Bank of the Red River Valley
2005-07-01Acquired Rural American Bank - Ada (8206) in ADA, MN
2009-10-19Merged into and subsequently operated as part of Frandsen Bank & Trust (1399) in LONSDALE, MN
2009-10-19Acquired Northern National Bank (34592) in NISSWA, 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 (2009-09-30 and Older)