STEARNS BANK HISTORY
- Bank Name:Stearns Bank
- Bank Class:National Bank
- Member FDIC:#10988, #9336, #10160
- Locations:10 Branches in 3 states
Stearns Bank was founded on May 28, 1912 and has been serving the financial needs of their customers for over 111 years.
Stearns Bank currently operates with 10 branches located in 3 states as a subsidiary of Stearns Financial Services, Inc. Employee Stock Ownership Plan. Check below for important events in banks history.
IMPORTANT EVENTS IN BANKS HISTORY
Below is a list of some important events in the history of Stearns Bank, including mergers and acquisitions.
DATEEVENT
05-28-1912Institution established. Original name: Stearns County State Bank of Albany.
02-12-1966Institution becomes member of the Federal Reserve System.
02-12-1966Changed Chartering Agency to Occ.
02-12-1966Changed Bank Class to National Bank, member of the Federal Reserve System (FRS).
02-12-1966Changed Primary Federal Regulatory Agency to Occ.
02-12-1966Changed Institution Name to Stearns County National Bank of Albany.
11-30-1990Acquired Boundary Waters State Bank (22690) in Ely, MN.
10-15-1996Changed Institution Name to Stearns County National Bank.
08-05-1997Changed Institution Name to Stearns Bank National Association.
10-15-1997Main Office moved to 4191 Second Street South, St. Cloud, Mn 56303.
12-17-1997Main Office moved to 4191 Second Street South, Saint Cloud, MN 56303.
12-17-1997Changed Trust Powers to Full.
12-28-2007Acquired Stearns Bank Arizona National Association (34431) in Scottsdale, AZ.
10-24-2008Acquired Alpha Bank & Trust (58241) in Alpharetta, GA as part of a government assisted merger.
06-26-2009Acquired Horizon Bank (9744) in Pine City, MN as part of a government assisted merger.
08-07-2009Acquired Community National Bank of Sarasota County (27183) in Venice, FL as part of a government assisted merger.
08-07-2009Acquired First State Bank (27364) in Sarasota, FL as part of a government assisted merger.
08-21-2009Acquired Ebank (34682) in Atlanta, GA as part of a government assisted merger.
11-12-2010Acquired Copper Star Bank (35463) in Scottsdale, AZ as part of a government assisted merger.
03-23-2012Acquired Covenant Bank & Trust (58068) in Rock Spring, GA as part of a government assisted merger.
07-27-2012Acquired Jasper Banking Company (16240) in Jasper, GA as part of a government assisted merger.
10-19-2012Acquired First East Side Savings Bank (28144) in Tamarac, FL as part of a government assisted merger.
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