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Company History

First National Bank has a history and commitment to customers that goes back more than 30 years. Since commencing operations in 1985 in Fulda, MN, we’ve been proud of our tradition as a family-owned business and the connections to the communities we serve.

First National Bank’s main office is located at 109 North St. Paul Avenue in Fulda, Minnesota in the original bank building built in 1918.  The building today is listed on the National Historic Register.  The founding bank first occupying the building in 1918 was chartered as First National Bank until it was purchased in 1929 by Citizens State Bank.  Citizens State Bank was closed by the Minnesota Department of Commerce on Friday, February 15, 1985 primarily due to the weak farm economy.  Fulda Bancorporation purchased the bank, and it was re-opened as Fulda State Bank with Joseph Grandgeorge as its President/CEO.  In June, 1985, Fulda State Bank acquired the failed First Trust Bank in Lakefield, Minnesota.  Fulda State Bank was converted from a state-chartered institution to a national bank charter in October 1988.  The bank name was changed to First National Bank.  The bank merged an affiliated bank charter with offices in Hastings, Spring Valley and LeRoy into First National Bank in November 1993.  First National Bank purchased a Twin Cities Federal Savings Bank branch located in Slayton, Minnesota in August 1995.  In September 2002, the bank purchased a branch of Franklin National Bank located in Plymouth, Minnesota.  In December 2009, the bank purchased a branch of United Prairie, located in Slayton, Minnesota. This branch was merged into our existing branch in Slayton.  In 2010, First National Bank charter was moved from Fulda, Minnesota to Slayton, Minnesota.

Today, First National Bank operates under the Executive Management team of:

Darwin Kruse, President/CEO
Michael Brignac, CFO
Connie Johlfs, SVP, Compliance/Human Resource Officer
Elizabeth Clark, Human Resource Officer
Todd Lee, Divisional President
Vicki Sandhurst, VP/Cashier

Over the years we’ve grown, adding more locations and banking products, but always continuing to offer our customers personalized service. We do more than just promise to meet our customers’ banking needs. We take great pride in treating each and every one of our customers with the attention and care they deserve. First National Bank will always be your community bank, committed to doing what’s right for our customers in this generation – and the next.

 

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