Marshall County State Bank, located in Newfolden, has made headlines for being ranked as the top small bank in Minnesota. Two of their sister-banks also made the list, Security State Bank of Oklee, ranked #6, and The First National Bank of McIntosh at #10. Following the failure of multiple major banks earlier this year, tensions ran high, and some even panicked. According to a May 11th article in the Minneapolis/St. Paul Business Journal “it's evident that [banks] with the most assets aren't always the strongest. Small, often rural banks, pride themselves on their relationships with their clients, and with the banking industry in tumult, those personal relationships can go a long way to securing a small bank's success.” Minnesota’s small banks were ranked by the following criteria: profitability, customer satisfaction, innovation, and community involvement. These factors help determine the bank's financial strength, service quality, and involvement in its community.
Marshall County State Bank plays a vital role in our community’s economy, providing financial assistance to small businesses, and they understand the needs and challenges their customers face. Marshall County State Bank faced stiff competition from some of the state's top-performing small banks. Such competition only made the bank's achievement all the more impressive.
Marshall County State Bank is a community bank that has been “Serving the Heart of Marshall County” for over 100 years. Marshall County State Bank's financial performance has been exceptional, which has enabled it to give back to the community by supporting local charities, sponsoring community events, and investing in local businesses, helping to boost the local economy.
At Marshall County State Bank, customer service is a top priority. The bank's staff members are friendly, knowledgeable, and always willing to go the extra mile to help customers with their financial needs. Whether customers need help opening an account, applying for a loan, or managing their finances, the bank's staff is always ready to help. This level of customer service has earned the bank a loyal customer base, with many customers referring their friends and family to the bank.
The bank has invested in technology to enhance its services and meet customers' evolving needs. Their online and mobile banking services make it easier than ever for customers to access their accounts and manage their finances from anywhere, anytime.
Overall, Marshall County State Bank's success can be attributed to its commitment to excellence, customer service, and innovation. By staying true to its core values and investing in its customers and community, the bank has established itself as a leader in the banking industry. Kayla Leader, Executive Vice President, commented, “We are excited to have been named #1 among our peer banks within the State of MN! We would like to thank all of our wonderful customers and the communities for supporting our bank throughout the years. Marshall County State Bank has been a pillar in the Newfolden community and surrounding areas for over 100 years and we hope to serve for another 100 or more!” Marshall County State Bank has a long and proud history of serving its customers and community. The bank's outstanding performance is just the beginning of what promises to be an exciting future.
As a community bank, Marshall County State Bank has always been committed to providing the best possible service to its customers and, overall, the future looks bright for Marshall County State Bank!
