Our Story

Where did we start?

In 1974, Premier Banks commenced operations as Maplewood State Bank in a double-wide trailer at White Bear Avenue and Beam Avenue. Today we’re among the largest of Minnesota-based banks, with combined assets over 1.6 billion dollars and 146 million in capital. We changed our name to Premier Bank in 1988 and now serve clients from 20 locations across the state. Most of our profits stay within our banks to sustain and enhance our clients’ growth.

With $1.78 billion in combined assets, Premier Banks celebrates 50 years with G. Jack Hillstrom recognized as a 50-year employee. 

2024

Premier Bank Rochester and Premier Bank Minnesota merge under the Premier Bank Minnesota name.

2022

Premier Banks bids farewell to beloved Founder and Chairman, Donald B. Regan.

2020

Premier Bank Minnesota acquires the Hastings location of Frandsen Bank & Trust.

2018

Premier Bank opens its Andover, MN location.

2015

Premier Bank opens its Hugo, MN location, and Premier Bank Minnesota opens branches in Hastings and Monticello, MN.

2006

Premier Bank opens a location in Woodbury, MN, while Premier Bank Rochester adds a fourth location.

2005

Premier Bank opens a location in Blaine, MN.

2002

Premier Bank Metro South changes its name to Premier Bank Minnesota and opens a location in Albertville, MN.

2001

Premier Bank Metro South opens a branch in Bloomington, MN.

1998

Premier Bank opens its fourth branch in White Bear Lake, MN.

1992

The Premier Banks triple in size with the acquisition of eight Midwest Federal Savings offices. With $275.5 million in assets, Premier Banks is comprised of three independently managed charters: Premier Bank (Maplewood, Osseo, and Roseville), Premier Bank Metro South (Faribault, Farmington, Owatonna, and Northfield), and Premier Bank Rochester (three locations in Rochester).

1990

Premier Bank opens its first branch in Osseo, MN. 

1989

Maplewood State Bank changes its name to Premier Bank to allow for growth and expansion.

1988

Maplewood State Bank opens for business on August 1, 1974, as the smallest of Minnesota’s banks.

1974

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Premier Bank

Premier Bank
Andover
Blaine
Hugo
Maplewood
Osseo
Roseville
White Bear Lake
Woodbury

Premier Bank
Minnesota

Albertville
Bloomington
Faribault
Farmington
Hastings
Monticello
Northfield
Owatonna
Rochester

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