Rural American Bank - Hector/Fairfax
| Status: | Inactive as of 09/11/2006 |
| Merger - Without Assistance | |
| Successor Bank: | Valley Bank |
| Headquarters: | Rural American Bank - Hector/Fairfax Main Street Hector, MN 55342 |
| Established: | 09/28/1931 |
| FDIC Insurance: | 01/01/1934 |
| FDIC Cert: | #10562 |
| Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
| Total Assets: | $56,963,000 |
| Total Deposits: | $47,356,000 |
History
| 1931-09-28 | Institution established: Original name:Security State Bank of Hector | |
| 1979-12-31 | Changed name to Fidelity State Bank of Hector | |
| 2000-07-01 | Acquired Fidelity State Bank of Fairfax (10172) in FAIRFAX, MN | |
| 2000-07-01 | Changed name to Rural American Bank - Hector/Fairfax | |
| 2006-09-11 | Acquired Rural American Bank - Hector/Fairfax in HECTOR, MN | |
| 2006-09-11 | Acquired Citizens State Bank of Waterville (15918) in WATERVILLE, MN | |
| 2006-09-11 | Merged into and subsequently operated as part of Valley Bank (18845) in WATERVILLE, MN | |
| 2009-07-27 | Acquired Valley Bank Minnesota (33311) in JORDAN, MN | |
| 2010-05-17 | Merged into and subsequently operated as part of Frandsen Bank & Trust (1399) in LONSDALE, 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 |