First National Bank Minnesota Remains Resilient During Uncertain Times
March 13, 2023
Dear Valued Customers,
In light of the recent news coverage on the Silicon Valley bank collapse, I wanted to reassure our valued customers that First National Bank Minnesota remains strong. As a community bank, First National Bank Minnesota remains well capitalized and well positioned to continue to serve our customers and community. We were founded over 165 years ago and expect to serve this community for generations to come.
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Peters Promoted to First National Bank Minnesota Executive Vice President / Chief Business Banker
St. Peter, Minn. (January 19, 2023) – First National Bank Minnesota has promoted Eric Peters to Executive Vice President/Chief Business Banker. In addition to managing the operations of the Business Banking team at First National Bank Minnesota, Peters continues to serve on the First National Bank Minnesota Leadership Team and his role as the Mankato Market President.
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Schmidt Promoted to First National Bank Minnesota
Belle Plaine Branch President
St. Peter, Minn. (September 1, 2022) – First National Bank Minnesota has promoted Janel Schmidt to Belle Plaine Branch President. In addition to managing the operations of the Belle Plaine branch location, Schmidt continues to serve on the First National Bank Minnesota Leadership Team and leads the Bank’s retail deposit team as the Vice President & Senior Retail Operations Officer.
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Consumer Alert On IRS Reporting Proposal
A recent proposal in Washington would require banks to report to the IRS on the inflows and outflows of all accounts worth over $600. Under the proposal, First National Bank Minnesota would be required by the government to report your account information to the IRS. We care about you and your privacy and want you to know about this potential change proposed by Washington policymakers.
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First National Bank Minnesota Announces 2021 Promotions
St. Peter, Minn. (January 20, 2021)– First National Bank Minnesota is proud to announce multiple promotions within the company in the wake of continued growth and success. Arianne Holicky, Debbie Glowicki, Jen Muchow, and Molly David were awarded promotions effective January, 2021.
"I feel very fortunate to lead such a talented team at First National Bank Minnesota,” said Mike Bresnahan, Chief Executive Officer of First National Bank Minnesota. “Each of these individuals exemplify our core values and are instrumental to First National Bank Minnesota’s continued success,” he added.
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First National Bank Minnesota Provides $16.2 Million in Paycheck Protection Program Loans
St. Peter, Minn. (May 13, 2020) – Since the Paycheck Protection Program’s (PPP) launch in early April, First National Bank Minnesota has approved $16,259,245.00 in desperately needed liquidity for 238 businesses disrupted by the COVID-19 pandemic.
First National Bank Minnesota provided 44 percent of its PPP loans to customers who could not otherwise access PPP funding through their large bank or credit union relationship. The bank’s PPP loans to current and new customers of First National Bank Minnesota preserved thousands of jobs at businesses in Nicollet, Blue Earth, Le Sueur, Scott, Carver, and Sibley counties.
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First National Bank Minnesota to Open in Belle Plaine
St. Peter, MN (April 20, 2020) – At the start of the business day on Monday, April 20, one of the area’s longest serving financial institutions officially changed its name to First National Bank Minnesota. The merger of First National Bank Minnesota and the State Bank of Belle was announced in June, 2019.
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Look out for Social Security Number Scams
The bad guys have come up with a scam to steal your Social Security Number (SSN). These fraudulent vishing, or “voice phishing” attempts often appear to come from the actual Social Security Administration (SSA) number – but the scammers are faking it.
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Elder Financial Abuse
The elderly are all too often targets of financial abuse. It’s important for all customers to be aware of this very real issue and learn about ways to help prevent elder financial abuse from happening to themselves or their loved ones. If you have questions or concerns about the safety and security of your finances, you should speak to one of our universal bankers.
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