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First State Bank of Grove City

First State Bank of Grove City History

First State Bank of Grove City was chartered under State of Minnesota law on December 7, 1907. Originally, 32 stockholders contributed a total of $15,000.00 for start up capital. In 1929, during difficult financial times, another bank in town, Farmers and Merchants State Bank, merged into First State Bank of Grove City. During the agricultural crisis of the 1980s, the bank remained strong and continued to serve its customers while many other US banks failed. First State Bank of Grove City operated for many years in the middle of the block to the west from the present building location. The new facility was constructed in 1981 to better serve our community.

For over 100 years, First State Bank of Grove City has been an important asset to our community. Since the bank is locally owned and operated, we are able to promptly and personally provide the highest quality service to our friends and neighbors. The friendly staff at First State Bank of Grove City is dedicated to progress in our area and endeavors to provide needed services in the rapidly changing banking environment.

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