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HomeTown Bank

Mission statement:

To provide quality financial services to our customers and communities, maintain high integrity and provide quality customer service, operate within all applicable laws and regulations, help our communities grow by being active and involved, and generate a steady and improving stream of earnings.

Overview:

Since 1924, HomeTown Bank has been providing customers with the most innovative financial services and solutions. HomeTown Bank is proud to give back to the communities we serve through donations, volunteering, partnerships, and ongoing support. As a community bank, HomeTown Bank strives to personally get to know customers, building strong relationships they can trust.

Vision: To be the bank our customers love.

History:

1924

HomeTown Bank was originally chartered as Redwood Falls Building and Loan Association.

1948

Changed name to Redwood Falls Savings and Loan Association.

1969

Purchased the 301 S. Washington location in Redwood Falls, MN – with two full-time and one parttime employee.

1975

Opened its store front building in Olivia, MN.

1982

Obtained Federal charter. Changed name to Redwood Falls Federal Savings and Loan Association.

1995

Formed holding company – Redwood Financial.

1998

Changed name to HomeTown Bank. Constructed a new building in Redwood Falls (Cook Street).

2001

Constructed a new building in Olivia (Hwy 212 & 71).

2006

Purchased four branch offices from Community Bank Minnesota Valley; located in St. Peter, Le Sueur, Hendersen and Cleveland, MN. Redwood Financial, Inc. purchased the Community Insurance Agency location in Cleveland, MN.

2009

Purchased a branch office in Jordan, MN from Flagship Bank Minnesota.

2013

Opened a new branch office in Waconia, MN.

2014

Consolidated the downtown Redwood Falls location with the Cook Street location.

2015

Opened the Shakopee, MN branch office.

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