First Minnesota Bank Operations

First Minnesota Bank, originally established as The First National Bank of Glencoe in 1881, underwent several name and organizational changes throughout its history, ultimately becoming a commercial bank regulated by the Federal Deposit Insurance Corporation. As of August 17, 2019, the institution was absorbed by CorTrust Bank, marking the end of its operations under the First Minnesota Bank name.

At the time of its merger, the bank boasted total assets of approximately $352 million and total deposits nearing $284 million, having evolved significantly since its inception over a century ago. Its journey included acquiring various banks and relocating its headquarters multiple times, reflecting a dynamic presence in the regional banking sector.

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