Lake Area Bank

Status:Inactive as of 11/09/2022
 Merger - Without Assistance
Successor Bank:First Resource Bank
Headquarters:Lake Area Bank
12790 N 1st Ave
Lindstrom, MN 55045
FDIC Insurance:01/01/1934
FDIC Cert:#1390
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$149,191,000
Total Deposits:$118,071,000


1915-10-22Institution established: Original name:Security State Bank of Lindstrom
1988-01-04Changed name to Lake Area Security Bank
1993-01-01Changed name to Lake Area Bank
2022-11-09Merged into and subsequently operated as part of First Resource Bank (58039)

Financial Information (2022-09-30 and Older)