Our Story

At First National Bank we do more than just promise to meet our customer’s 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.

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 have been proud of our traditions as a family-owned business and the connections to the communities we serve.

Our banking professionals live and work in the communities we serve and our lending decisions are always made locally. We’re proud to offer customized banking services and innovative products in our branches, online and from mobile devices. We want you to be able to bank on your schedule!

We’re always striving to improve your banking experience; we offer the
most current technology, from mobile deposits and online bill pay to
remote banking options for our business clients. By reaching the 
expectations of our customer’s banking needs, we all win.


The Mission of First National Bank is to support the financial goals of individuals and businesses in the communities we call home.  As a team of passionate professionals working hard to deliver value to our customers, we provide meaningful relationships, personalized services and innovative technologies.  We are dedicated to making a difference in our communities, we foster economic growth and we offer every person a better banking experience.

Our Values

We have an unrelenting drive to be great.  Quality service is our #1 priority.

We do not shy away from accountability.  We work together as a team and embrace the spirit of service.

We are competitive leaders in our markets and a go-to source for finance and lending.

We’re proud to support each other and our local communities.  We win when our communities win.

First National Bank’s main office is located at 109 North St. Paul Avenue in Fulda, Minnesota. The charter office is located in Oldham, South Dakota. First National Bank is located in 11 communities in Illinois, Iowa, Minnesota, and South Dakota.  First National Bank’s primary owner is Fulda Bancorporation, a one-bank holding company owned by Frank L. Farrar family since 1985. First National Bank is part of an affiliated banking organization with two other affiliate banks:

FIRST NATIONAL BANK – Pierre, SD with 16 banking locations in South Dakota and Colorado.

FIRST SAVINGS BANK –  Beresford, SD with 26 offices located in South Dakota, Nebraska, Nevada, New Mexico, Texas, and Arizona.

First National Bank is regulated by the Office of the Comptroller of the Currency.

Executive Management Team

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

  • Darwin Kruse, President/CEO
  • Todd Lee, Executive Vice President/Divisional President – MN/SD
  • Jeremy Ackerman, CFO
  • Michael Elledge, Divisional President – IA/IL
  • Connie Johlfs, SVP – SR Compliance Officer
  • Vicki Sandhurst, VP/Cashier
  • Keith Beck, VP/Controller/Audit Executive
  • Margaret Bartels, Human Resource Officer