State Bank of Richmond

First Time User

The State Bank of Richmond, Richmond, Minnesota, was organized June 6, 1904. The original bank building was located on the northwest corner of Central Avenue and Main Street where our present building was built in 1971. A later addition was built in 1993 to accommodate for rapid growth in our area.

During the difficult Depression years, the State Bank of Richmond adapted well to the changes and modifications needed to continue operating and growing. Prior to 1934, Richmond had two banks, the American State Bank and the State Bank of Richmond. When the American State Bank had difficulties, an agreement was made to liquidate and sell their assets and liabilities to the State Bank of Richmond for one dollar.

The basic philosophy of the State Bank of Richmond has always been to focus our time and talents in the local neighborhood that we serve, rather than branching out into other communities.

After celebrating our centennial anniversary in June, 2004, we continue to focus on our goal to provide personal quality service to our customers and our community.

Member FDIC

Equal Housing
Lender

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