Glenwood State Bank
5 E Minnesota Ave
PO Box 197
Glenwood, MN 56334
Phone: (320) 634-5111
Fax: (320) 634-5114
Hours of OperationMonday-Thursday: 9:00 AM - 5:30 PM
Friday: 9:00 AM - 6:00 PM
Saturday: 8:00 AM - 12:00 PM
The history of Glenwood State Bank should properly begin about one year before the Bank was chartered. In anticipation of securing a charter, the prime mover of the new Bank, Mr. Theodore Aune, had contracted for the construction of a bank building on East Minnesota Avenue. Upon completion the building was purchased from Mr. Aune by Glenwood State Bank for $6,250, which was supposed to be the actual cost of the building and lot. The Bank occupied that building, which is now occupied by License Bureau, for the first 55 years of its existence. In 1961 the Bank moved to its present location just off Glenwood’s main intersection, next to Corner Drug, which is now occupied by Trumm Drug. In 1983 it went through major remodeling at the same site to establish its Northern European theme. In 1997 more office space was added to the East when Meyers’ Shoes sold their building to the Bank.
Over the many years of its existence the Bank has had just seven presidents: Theodore Aune (1907-1936), Julius O. Haugen (1936-1947), Edward A. Walter (1947-1971), Howard B. Williams (1971-1980), Ralph E. Cheeseman (1980-1983), Dennis E. Martinson (1983-2006), and Peter J. Nelson (2006 to date). Click here to learn more about our past presidents! Over the years many other individuals have served the Glenwood area as employees of Glenwood State Bank. Some of those that may be remembered for over a decade of service include Louis Robards, Hazel Johnson, Florence Sandeen, Florence Robards, Arlen Zemke, Joan Wolf, Helen Hagen, JoAnn Syrstad, Donna Felt, Carol Rust, RoxAnn Kvitek, Gloria Heieie, Margaret Randt, Alice Olson, Darlene Gaffaney, Sandy Heidecker, Linda Rust, and Gordon Stock.
Our present directors are Dennis E. Martinson, Paul Martinson, Jim Morrissey, Kari A.M. Nelson, Kirsten R.M. Nelson, Peter J. Nelson, and Larry Zavadil.
This past year was filled with many blessings! We were named a Top 150 Workplace by Minneapolis’ Star Tribune and we were ranked the #6 Lender in the nation by Independent Banker Magazine; both very high honors that are earned through hard work and dedication. Though 2015 kept us very busy, we’re looking forward to what 2016 has to bring for Glenwood State Bank.
For 2016, we’re making big plans. One project that will begin taking shape is a remodel and expansion for our Glenwood branch, which will allow us to better accommodate our customers and our growing staff, which is a great thing! We also are looking forward to updating our website to newer technology, expanding our product line, and adding talented team members to expand our vast portfolio.
Peter J. Nelson
PresidentGlenwood State Bank is your locally-owned, family-owned, and family-operated community bank that has been serving the area since 1907!