Introduction
For over a century, The State Bank of Faribault has been an integral part of the financial landscape in southern Minnesota. Founded in 1881, the bank has grown steadily over the years, establishing a reputation for unwavering stability, exceptional customer service, and a deep commitment to supporting the local community.
Financial Strength and Stability
As of December 31, 2023, The State Bank of Faribault boasted:
This robust financial foundation ensures that the bank can meet its customers' needs and provide a safe and secure place to manage their finances.
Exceptional Customer Service
The State Bank of Faribault prides itself on delivering unparalleled customer service. Its team of experienced and knowledgeable bankers is dedicated to providing personalized solutions and building lasting relationships with its clients. Whether it's opening a new account, applying for a loan, or seeking financial advice, customers can expect exceptional care and attention to detail.
Local Community Support
The bank actively supports the Faribault community through a variety of initiatives and partnerships. It contributes to local schools, nonprofits, and community events, investing in the well-being and prosperity of the region. The bank's commitment to giving back extends to its employees, who regularly volunteer their time and resources to local organizations.
Products and Services
The State Bank of Faribault offers a comprehensive range of financial products and services to meet the needs of individuals, families, and businesses. These include:
Common Mistakes to Avoid
When choosing a financial institution, it's crucial to avoid common pitfalls. Here are some mistakes to be mindful of:
Step-by-Step Approach to Opening an Account
Opening an account at The State Bank of Faribault is a straightforward process. Here's how to do it:
Why It Matters
Choosing the right financial institution is an important decision that can impact your financial well-being. By banking with The State Bank of Faribault, you benefit from:
Call to Action
If you're seeking a trusted financial partner in Faribault, Minnesota, look no further than The State Bank of Faribault. Our unwavering commitment to financial strength, exceptional customer service, and community support has made us the preferred choice for individuals, families, and businesses alike. Visit our website or schedule an appointment today to learn more and experience the benefits of banking with a local institution that cares about your financial well-being and community involvement.
Metric | Value |
---|---|
Assets | $400 million |
Deposits | $340 million |
Tier 1 Capital Ratio | 11% |
Product/Service | Description |
---|---|
Checking Accounts | Everyday banking with debit card and online access |
Savings Accounts | High-yield accounts for short- and long-term savings |
Personal Loans | Flexible financing for personal projects and expenses |
Mortgages | Financing for home purchases and refinancing |
Commercial Loans | Financing for business growth and expansion |
Lines of Credit | Flexible access to funds for businesses |
Treasury Management | Comprehensive cash management services |
Brokerage Accounts | Investment accounts for stock, bond, and mutual fund trading |
Retirement Planning | Guidance and products for secure financial futures |
Trust Administration | Management of trusts for financial security and estate planning |
Product/Service | Fee | Rate |
---|---|---|
Checking Account | Monthly maintenance fee | $5 |
Savings Account | No monthly fee | 0.1% APY |
Personal Loan | Origination fee | Varies based on loan amount |
Mortgage | Closing costs | Varies based on loan terms and property value |
2024-08-01 02:38:21 UTC
2024-08-08 02:55:35 UTC
2024-08-07 02:55:36 UTC
2024-08-25 14:01:07 UTC
2024-08-25 14:01:51 UTC
2024-08-15 08:10:25 UTC
2024-08-12 08:10:05 UTC
2024-08-13 08:10:18 UTC
2024-08-01 02:37:48 UTC
2024-08-05 03:39:51 UTC
2024-07-30 17:41:25 UTC
2024-07-30 17:41:39 UTC
2024-07-30 17:41:52 UTC
2024-07-30 17:42:08 UTC
2024-07-30 17:42:21 UTC
2024-07-30 17:42:28 UTC
2024-09-21 04:52:03 UTC
2024-10-18 01:33:03 UTC
2024-10-18 01:33:03 UTC
2024-10-18 01:33:00 UTC
2024-10-18 01:33:00 UTC
2024-10-18 01:33:00 UTC
2024-10-18 01:33:00 UTC
2024-10-18 01:33:00 UTC
2024-10-18 01:32:54 UTC