State Bank of Wheaton

State Bank of Wheaton We are FDIC insured and a family owned, full service independent community bank providing experienced, friendly and personal service. The President was C.D.

A little history about the State Bank of Wheaton… Our Bank dates back in the community’s history to before the turn of the 20th Century. Through the united efforts of concerned local businessmen who recognized the need for a locally owned independent bank, $10,000 was raised and invested as the Bank’s initial capital. The State of Minnesota issued these entrepreneurs a commercial bank charter on J

une 9, 1899. Records show the first day of business was three days later on June 12 with total deposits of $1,278.65. Griffith; Cashier was Carol O. Saterbach; and Assistant Cashier was P.M. Barret. Control of the bank was purchased by Fred Siewert and his two brothers, Alex and Adam in 1937 when assets were around $510,000. Eight years later in 1945, when footings had reached nearly $2,746,500, Fred’s new son-in-law Gordon Donnelly began working at the bank. Following Fred’s death in 1966, when assets had reached just over $7,000,000, Gordon and his wife Harriet purchased control of the bank. They retained ownership until December, 1990 when they sold their shares to me. Today our bank is not only the largest locally owned, independent bank in the tri-state area with over $100 million in assets and $65 million in loans, we are also one of the strongest and safest banks in the country. We consistently receive the highest possible ratings from all bank rating services based upon our high asset quality, strong capital position and funds liquidity to name a few. In our 122 years of continuous service to this area we have remained a locally owned, independent “Real” community bank. I intend on keeping it that way.

As you may remember, in October 2021 Drew Donnelly announced that he had sold the State Bank of Wheaton to Steve and Mar...
02/21/2023

As you may remember, in October 2021 Drew Donnelly announced that he had sold the State Bank of Wheaton to Steve and Mary Jane Lindholm of Clarkfield MN. With that sale comes a name change to our business in the coming weeks.

We will remain the community bank we always have been, just under a different name. Please visit our website's FAQ page for more information.

https://www.sbwheaton.com/merger/

It is almost Friday! What better way to celebrate the weekend than to treat yourself with some fresh cookies from the Ho...
10/13/2022

It is almost Friday! What better way to celebrate the weekend than to treat yourself with some fresh cookies from the Home Bakery! Thank you Renee for the delicious treat!

Donnelly Agency, Inc. has a new page! If you are a current or prospective customer, be sure to check it out!
08/31/2022

Donnelly Agency, Inc. has a new page! If you are a current or prospective customer, be sure to check it out!

04/28/2022

Nothing beats a fresh, warm cookie from the Home Bakery here in Wheaton! Do yourself a favor and pick some up!

Drew Donnelly has a bit of a sweet tooth, and is known for ruining his lunch by eating too many cookies from Home Bakery...
10/14/2021

Drew Donnelly has a bit of a sweet tooth, and is known for ruining his lunch by eating too many cookies from Home Bakery ,Wheaton , MN! Be sure to support local and stop in the bakery to get some Halloween treats 🎃

We are excited to welcome Karen to the team as our newest front-line teller! As a long standing member of our community ...
09/10/2021

We are excited to welcome Karen to the team as our newest front-line teller! As a long standing member of our community we hope Karen’s familiar smile will be a warm welcome next time you stop in the bank.

With Online Banking you have control over nearly every aspect of managing your accounts. You can view transaction history and transfer funds between your Online Banking accounts. You can send and receive secure, encrypted email messages to and from our bank. You can even download account information...

We are excited to announce that we have been ranked in the ICBA’s list of best performing community banks for the 6th ye...
05/10/2021

We are excited to announce that we have been ranked in the ICBA’s list of best performing community banks for the 6th year in a row!

We would not have this success without our loyal customers and our outstanding team here at the bank. Thank you for your continued support!

Independent Banker’s annual listing of America’s best-performing community banks shows that nimble thinking and an adherence to good old-fashioned customer service can bring success, whatever the circumstances.

Please welcome the newest member of our team, Abby! Abby has taken the role of front-line teller and we are so excited t...
04/22/2021

Please welcome the newest member of our team, Abby! Abby has taken the role of front-line teller and we are so excited to have her. She is looking forward to getting to know our customers, so please stop in and say hello!

03/31/2021

Our beloved Teri is retiring! 25 years of this friendly face is not enough. We will miss you Teri! Stop in today to wish her a happy retirement!

Address

921 Broadway
Wheaton, MN
56296

Opening Hours

Monday 8:30am - 3pm
Tuesday 8:30am - 3pm
Wednesday 8:30am - 3pm
Thursday 8:30am - 3pm
Friday 8:30am - 3pm

Telephone

+13205638142

Website

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