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SINCE 1902…
Citizens State Bank of Clara City opened its doors for business on November 15, 1902. Citizens State Bank remains the largest bank in Chippewa County outside the county seat in Montevideo.
The bank operated as a Company Bank under the name of German American Bank until the year 1909 when it was incorporated and given a state charter under the name of German American State Bank. The bank continued to operate with this name until 1918 when the name was changed to the present day Citizens State Bank of Clara City.
Over the past 100 years, our location has changed a number of times and we have experienced many changes in the business environment.
In 1986, Americana State Bank’s assets and liabilities were merged into Citizens State Bank of Clara City. After completion of a renovation and expansion of the Americana facility, all banking operations were moved to 126 North Main Street in Clara City. In May of 2004, the bank moved into its new facility at 55 – 1st Street NW in Clara City.
In addition, Citizens acquired Security State Bank of Maynard in 1991, Metropolitan Federal in Granite Falls in 1995, First State Bank in Lake Lillian in 2005, and most recently Yellow Medicine County Bank in Granite Falls in May 2007.
Citizens State Bank of Clara City continues to grow within the communities it serves. This can be evidenced by the growth in bank assets which started at $10,000 in 1902 and as of December 31, 2007, has total assets of $339,442,844.
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