Premier Banks Revenue and Competitors

Premier Banks, chartered in 1974, opened as the smallest of Minnesota's banks. Today Premier Banks ranks among Minnesota's 15 largest banking organizations. Premier Banks opened as Maplewood State Bank in temporary quarters at the northeast corner of White Bear and Beam Avenues. Banking continued there until 1978 when the bank moved across the street to the present facilities. In late 1988, the name Maplewood State Bank was changed to Premier Bank to allow for expansion into other areas. However, the headquarters remain in Maplewood where Premier's growth and expansion provide many employment and economic opportunities for local residents. The Osseo office, which opened in October 1989, was the first branch location. Even greater expansion occured in October 1990 with Premier Bank's acquisition of eight former Midwest Federal Savings offices. At that time, the Roseville office became a branch of Premier Bank Maplewood. The Farmington, Northfield, Faribault and Owatonna offices became Premier Bank Metro South. Rochester 421 1st Ave. S.W., Green Meadows and Hillcrest offices became Premier Bank Rochester. The White Bear Lake office of Premier Bank Maplewood opened in February of 1992, the Bloomington office of Premier Bank Metro South opened in March of 1998, and in 2000 Rochester opened its fourth location in the Wal*Mart South Superstore. Our expansion continued in 2001, when Premier Bank Metro South added its sixth and seventh locations, one the Owatonna Wal*Mart Superstore and one in Albertville. When the Albertville location was added, the name of the bank was changed to Premier Bank Minnesota. In the fall of 2001, Premier Bank Rochester opened its fifth location in the Wal*Mart North Superstore. In the spring of 2002, Premier Bank Maplewood opened its fifth location in the Blaine Wal*Mart Superstore, and in the fall of 2002, Premier Bank Minnesota opened it's eighth location in the Hastings Wal*Mart. Established and continuing as independent, community-oriented banks, Premier Banks continue to meet the financial needs of our customers and supply the credit necessary for local businesses and industries to grow.