Milestones
1906 - Glenwood State Bank building constructed at 15 E Minnesota Avenue and purchased for $6,250.00
1907 - Charter received on May 9
First Day of Business on May 11
1961 - Glenwood State Bank relocates to 5 E Minnesota Avenue
1980 - Villard Branch opens at 440 Washington Avenue
1983 - Glenwood Branch remodels to "Northern European" theme
Total Assets reach $25M
1997 - Glenwood Branch expands into Meyer's Shoes building (11 E Minnesota Avenue)
Total Assets reach $50M
2002 - Glenwood State Bank acquires controlling interest of Financial Services of Lowry (Lowry State Bank)
2003 - Total Assets reach $100M
2006 - Peter J. Nelson becomes President
2008 - Alexandria Branch opens at 2221 S Broadway
2012 - Total Assets reach $200M
2017 - Glenwood Branch expands and remodels Trumm Drug building at 1 E Minnesota Avenue
2018 - Loan Production Office opens in Detroit Lakes (714 Lake Avenue, Suite 104)
2019 - Total Assets reach $300M
First National Bank of Osakis is purchased by Financial Services of Lowry
Our Past Presidents
- Theodore Aune (1907-1936)
- Julius O. Haugen (1936-1947)
- Edward A. Walter (1947-1971)
- Howard B. Williams (1971-1980)
- Ralph E. Cheeseman (1980-1983)
- Dennis E. Martinson (1983-2006)
- Peter J. Nelson (2006 to date)