Rural American Bank - Ada
| Status: | Inactive as of 07/01/2005 |
| Merger - Without Assistance | |
| Successor Bank: | Community Bank of the Red River Valley |
| Headquarters: | Rural American Bank - Ada 410 Second Street West Ada, MN 56510 |
| Established: | 03/01/1881 |
| FDIC Insurance: | 01/01/1934 |
| FDIC Cert: | #8206 |
| Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
| Total Assets: | $35,066,000 |
| Total Deposits: | $30,644,000 |
History
| 1881-03-01 | Institution established: Original name:First State Bank of Ada | |
| 1994-02-01 | Changed name to Rural American Bank - Ada | |
| 2005-07-01 | Merged into and subsequently operated as part of Community Bank of the Red River Valley (19180) in EAST GRAND FORKS, MN | |
| 2009-10-19 | Merged into and subsequently operated as part of Frandsen Bank & Trust (1399) in LONSDALE, MN | |
| 2009-10-19 | Acquired Northern National Bank (34592) in NISSWA, MN | |
| 2010-05-17 | Acquired Valley Bank (18845) in WATERVILLE, MN | |
| 2011-03-21 | Acquired Rural American Bank - Braham (5099) in BRAHAM, MN | |
| 2011-03-21 | Acquired Rural American Bank - Luck (9525) in LUCK, WI | |
| 2011-08-22 | Acquired Queen City Federal Savings Bank (31204) in VIRGINIA, MN | |
| 2012-03-17 | Acquired State Bank of Bird Island (8184) in BIRD ISLAND, MN | |
| 2013-10-21 | Acquired Clinton State Bank (1099) in CLINTON, MN | |
| 2015-04-01 | Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS | |
| 2015-04-01 | Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD | |
| 2016-10-22 | Acquired Provincial Bank (34443) in LAKEVILLE, MN | |
| 2020-10-17 | Acquired Peoples Bank Midwest (5347) in HAYWARD, WI |