Our story begins in 1924… and continues on into a rich future of growth and innovation.
A Tradition of Community Growth.
Since 1924, HomeTown Bank has grown. Not only have we brought banking options to new communities, but we’ve also worked hard to impact each of those communities in a positive way. Taking the time to look at where we’ve come from gets us excited about where we’re going…
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 storefront 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,
Henderson 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 downtown Shakopee, MN branch office.
2018
Added the new Shakopee, MN branch on Vierling Drive, and merged the DT location with this one.
Opened a branch at the Shakopee High School.
2022
Opened a temporary loan and deposit production office in Victoria, MN.
2024
Constructed a new branch office in Carver, MN.
