Additional information


en			ru			jp

Finance Lounge

Add privatebanking.com as a search provider to your browser

Advanced Search

Private Banking & Wealth Management search tool

Search entity

Review Avg.
Reviews:	0

Contact Page

Additional information

Write Review

Browse Review

Additional information

Eastwood Bank

Mission statement:

Our Commitment…Your financial Success

We promise to:
Educate you about the products and services we offer.
Advise by asking and listening to your financial needs and goals.
Recommend relevant products and services to meet your financial needs and goals.
Offer you competitively priced, innovative products and services.

History:

Eastwood Bank - Historical Timeline Highlights

1903: The First State Bank of Dover is launched with initial infusion of $25,000 on July 9, 1903.

1913: Five men form the Farmer's State Bank of Eyota on September 13, 1913 with assets of $28,000 in cash and $50 in gold.

1939: Clare (Clarence) Talen purchases the shares of Theodore F. Franke, cashier of the Farmer's State Bank of Eyota.

1944: Elgin State Bank is sold to Clare Talen.

1950: Clare Talen fully acquires the Farmer's State Bank of Eyota from other shareholders.

1966: The charter of First State Bank of Dover is acquired.

1972: Jim Talen is named President.

1973: Eastwood Insurance Agency hires full-time agent.

1974: Elgin builds a new bank building.

1977: Eyota builds a new bank building and Dover Bank is remodeled with a drive-up added.

1978: The Elgin State Bank opens a branch in Millville.

1979: The Eyota State Bank branches into Rochester, starting as a mobile drive-up facility at 1625 Highway 14 East.

1982: Federal Reserve approves merger of the three holding companies into single holding company - Eastwood Financial Corporation.

1982: New computer system installed allowing in-house processing.

1984: A $500,000 addition more than triples the size of the original Rochester office on Highway 14 East.

1985: Dover bank expands into St. Charles.

1986: A permanent St. Charles bank building opens for business in October.

1987: Eastwood purchases the First State Bank of Rollingstone, which becomes the seventh Eastwood location.

1990: Eastwood Bank and Eastwood Bank St. Charles merge into one bank, under the original Dover charter.

1990: The failure of Midwest Federal Savings Association opens an opportunity for expansion in downtown Rochester and Eastwood takes over.

1992: Eastwood sells Elgin and Millville branches to Peoples State Bank of Plainview.

1992: The Stewartville branch opens.

1993: Eastwood Investment Department opens.

1994: A Wide Area Network is installed providing branch communication.

1995: The new headquarters opens on Highway 52 North in Rochester.

1996: The Dover location closes.

1997: The downtown Rochester location moves into the skyway.

1998: Eastwood Bank begins imaged statements.

1999: Eastwood Bank Kasson opens on October 4, 1999.

1999: Core computer system converted to new open client/server based software.

2000: Online Banking is launched.

2002: Eastwood Insurance Agency purchased Rolling Acres Agency.

2003: Eastwood Bank celebrates 100 years of serving Southeast Minnesota. Assets have grown to $230 million and there are 95 employees.

2003: New Horizons Bank Club is launched.

2004: Eastwood Financial Corporation acquires the Doug Jerde Insurance Agency and begins offering Life and Health Insurance.

2005: Eastwood Bank begins offering Trust services through Eastwood Trust Department.

2005: Eastwood Bank opens South Broadway location in Rochester.

2007: Eastwood Bank acquires Fortress Bank Minnesota, adding offices in Winona and Houston, Minnesota.

2007: Eastwood begins offering Private Banking services.

2008: James L. Talen becomes Chairman of the Board.

2008: Paul Tieskoetter is named President of Eastwood Bank.

2008: The Private Banking and Trust Services offices opens in downtown Rochester.

Back

Privatebanking.com

Get the attention you always wanted and promote your corporate image and standing by benefiting from our state of the art interactive web presence.

Ascent Limited

Experience The Difference. Ascent Limited provides first class wealth management and family office services. Our private banking team, assembled from a group of highly experienced banking professionals, will provide financial advice tailored to your individual requirements and keep your portfolio in tune with the latest market developments and opportunities.

©	Copyright by PRIVATE BANKING.COM 2002- - All rights reserved.