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…
HomeTown Bank was originally chartered as Redwood Falls Building and Loan Association.
Changed name to Redwood Falls Savings and Loan Association.
Purchased the 301 S. Washington location in Redwood Falls, MN – with two full-time and one parttime employee.
Opened its storefront building in Olivia, MN.
Obtained Federal charter. Changed name to Redwood Falls Federal Savings and Loan Association.
Formed holding company – Redwood Financial.
Changed name to HomeTown Bank. Constructed a new building in Redwood Falls (Cook Street).
Constructed a new building in Olivia (Hwy 212 & 71).
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.
Purchased a branch office in Jordan, MN from Flagship Bank Minnesota.
Opened a new branch office in Waconia, MN.
Consolidated the downtown Redwood Falls location with the Cook Street location.
Opened the downtown Shakopee, MN branch office.
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.
Opened a temporary loan and deposit production office in Victoria, MN.