Community Bank Owatonna

Community Bank Owatonna We are the one and only full-service community bank that is chartered in Owatonna. NMLS # 449298

Community Bank Owatonna takes pride in servicing the diverse needs of consumers and businesses in our community for over 20 years.

Wonderful article about our new President, Derek Skala
04/26/2026

Wonderful article about our new President, Derek Skala

Derek Skala has built a career around hard work and a relentless determination to succeed, making him the perfect candidate to bring CBO into its next chapter.

Learn more here! https://steelecountytimes.com/hometown-connections

Join us in welcoming Derek Skala as our new bank President.  Stop in and say hi, Derek is ready to get acquainted with y...
03/27/2026

Join us in welcoming Derek Skala as our new bank President. Stop in and say hi, Derek is ready to get acquainted with you, our valued customers. To learn more about Derek, read about his him at https://cbowatonna.com/derek-skala.html

If you get a call saying “you’ve won a prize,” you might be thinking, why not claim it? Unfortunately, it’s likely a sca...
03/16/2026

If you get a call saying “you’ve won a prize,” you might be thinking, why not claim it? Unfortunately, it’s likely a scam to steal your money — especially if it’s for a contest you didn’t enter. So how can you spot and avoid a prize scam?

Community Bank Owatonna is celebrating National Consumer Protection Week (March 1-7, 2026). Visit cbowatonna.com/nationa...
03/01/2026

Community Bank Owatonna is celebrating National Consumer Protection Week (March 1-7, 2026). Visit cbowatonna.com/national-consumer-protection-week.html for consumer protection advice on avoiding scams.

Wishing you a very happy holiday season.   Some of our staff enjoyed a bit of Christmas spirit today.
12/24/2025

Wishing you a very happy holiday season. Some of our staff enjoyed a bit of Christmas spirit today.

We are hiring - Supervisor of Bank OperationsThe position includes performing audit and compliance functions, managing t...
11/21/2025

We are hiring - Supervisor of Bank Operations
The position includes performing audit and compliance functions, managing the banks financial operations, oversee accounting, financial reporting and budgeting, and compliance with banking regulations.
A bank controller manages a bank's financial operations, overseeing accounting, financial reporting, budgeting, and compliance with regulations. They are responsible for internal controls, strategic financial planning, and ensuring accuracy in financial statements, and typically require a strong background in finance or accounting and often a CPA certification.
Key responsibilities
• Financial reporting: Overseeing the preparation of periodic financial reports and ensuring accuracy.
• Accounting and controls: Managing the accounting system and developing internal controls to safeguard assets and prevent fraud.
• Budgeting and forecasting: Creating and managing the bank's budget and financial forecasts.
• Regulatory compliance: Ensuring the bank's financial activities and reports comply with banking regulations and accounting standards.
• Risk mitigation: Implementing controls and processes to mitigate financial risk.
• Strategic planning: Playing a strategic role in the bank's financial planning and future growth.
Required qualifications
• A bachelor's degree in finance, accounting, or a related field is typically required.
• Many controllers have a master's degree or a professional certification like a Certified Public Accountant (CPA) or Certified Management Accountant (CMA).
• Strong skills in financial management, leadership, strategic planning, and attention to detail are essential.
• Experience with financial software and banking regulations is crucial.

What is Multifactor Authentication (MFA)?  Did you know that MFA increases the security of an account by 99% according t...
10/14/2025

What is Multifactor Authentication (MFA)? Did you know that MFA increases the security of an account by 99% according to the Cybersecurity and Infrastructure Agency (CISA). Read more at

Multifactor Authentication (MFA) increases the security of an account by 99%.

OCTOBER is Cybersecurity Awareness Month.  Small actions can make a big difference in keeping you safe online.
10/01/2025

OCTOBER is Cybersecurity Awareness Month. Small actions can make a big difference in keeping you safe online.

Address

640 W Bridge Street
Owatonna, MN
55060

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+15074552265

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