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.
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.
Coleman Promoted to First National Bank Minnesota Market President
St. Peter, Minn. (July 6, 2020) – First National Bank Minnesota has promoted Dick Coleman to Belle Plaine Market President. In addition to managing the operations of the Belle Plaine branch location, Coleman will continue to be an active and successful Ag Lender in the Belle Plaine market.
“I am delighted to announce the promotion of Dick Coleman to Belle Plaine Market President,” said Mike Bresnahan, Chief Executive Officer of First National Bank Minnesota. “Dick exemplifies First National Bank Minnesota’s Core Values and Passion. He is a proven leader with exceptional experience and dedication to our customers, communities, and employees. With 17 years of experience at the bank in Belle Plaine, Dick is well positioned to represent First National Bank Minnesota in this market,” he added.
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.
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.
First National Bank Minnesota to Close Lobbies Effective March 18th, Due to Covid-19
These are unprecedented times as we all work to understand COVID-19 and take the necessary steps to safeguard ourselves, our families, our customers, and the communities where we live and work.
In an effort to prevent further community spread of COVID-19, First National Bank Minnesota will be closing the lobbies in each of our branch locations effective Wednesday, March 18th, until further notice. We will continue to do business through our drive-thrus.
First National Bank Minnesota Acquisition of State Bank of Belle Plaine
Saint Peter, MN (June 28, 2019) – Bancommunity Service Corporation has reached an agreement to acquire the State Bank of Belle Plaine, located in Belle Plaine, Minnesota. Bancommunity Service Corporation, parent company of First National Bank Minnesota, will begin operating the bank after obtaining regulatory approval which is expected in approximately three months. A merger of the two banks will follow early next year. First National Bank Minnesota has offices in Saint Peter, Mankato and Gaylord.
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.
Fraudulent Activity Alert
First National Bank Minnesota is currently blocking all international transactions that are attempted on your card. In addition, we issue MasterCard debit cards through Fiserv, who provides 24/7 Fraud watch services and temporary card blocking to monitor suspicious activity.
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.