Status:Inactive as of 2018-11-01
 Absorption - Without Assistance
Successor Bank:Old National Bank
301 Chestnut Street
Chaska, MN 55318
FDIC Insurance:1934-01-01
FDIC Cert:#1414
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
# of Branches:20
Total Assets:$1,959,321,000
Total Deposits:$1,720,399,000


1925-01-01Institution established: Original name:Citizens State Bank of Big Lake
1993-05-18Changed name to Preferred Bank
2005-04-02Acquired Victoria State Bank (22085) in VICTORIA, MN
2005-04-02Acquired State Bank of Chanhassen (1914) in CHANHASSEN, MN
2005-04-02Changed name to KleinBank
2005-04-02Acquired The Klein National Bank of Madison (5189) in MADISON, MN
2005-04-02Acquired The First National Bank of Waconia (5267) in WACONIA, MN
2005-04-02Acquired The Oakley National Bank of Buffalo (14948) in BUFFALO, MN
2005-04-02Acquired State Bank of Young America (19513) in NORWOOD YOUNG AMERICA, MN
2005-04-02Acquired First National Bank in Montevideo (5211) in MONTEVIDEO, MN
2005-04-02Acquired First National Bank of Chaska (5111) in CHASKA, MN
2008-03-08Acquired First Community Bank (8852) in SAVAGE, MN
2010-04-10Acquired Community Bank Plymouth (57078) in PLYMOUTH, MN
2014-10-25Acquired Prior Lake State Bank (10166) in PRIOR LAKE, MN
2017-08-29Moved bank headquarters from BIG LAKE, MN to CHASKA, MN
2018-11-01Merged into and subsequently operated as part of Old National Bank (3832) in EVANSVILLE, IN

Financial Information (2018-09-30 and Older)