Decorah and Cresco Bank reach $625 million in assets
Decorah Bank reaches $500 million in assets
In the midst of the COVID-19 pandemic, Decorah Bank launched greenpenny, its first digital bank branch that specializes in renewable energy financing
Decorah and Cresco Bank became a carbon neutral company emitting zero carbon emissions!
Decorah Bank got a new logo!
Cresco Bank & Trust became a division of Decorah Bank & Trust
Decorah Bank & Trust opened its doors at our new location at 202 East Water Street
Joe Grimstad joined the Bank family. Joe graduated from Luther College with a Business Degree. After working for a bank in Minneapolis, MN, he returned home to join Decorah Bank in 2002.
The Bank changed its name from Security Bank & Trust Co. to Decorah Bank & Trust Co
Ben Grimstad joined Decorah Bank in 2000. He graduated with a Financial Economics degree from Gustavus Adolphus College and worked 4 years for a bank in Minneapolis, MN before returning to Decorah.
The Bank was among the first to introduce internet banking to the area
The South drive up location opened
The Bank introduced the first ATMs to Decorah
Larry Grimstad, Harold’s son, took over as Bank President.
The Bank moved to the corner of Main and Washington (from the now Hammel Jewelers)
Harold Grimstad bought controlling interest stock and moved to Decorah from Ellendale, MN
Ray Kaster bought the Bank for $7,000 and saved it from liquidation
Chartered by the State of Iowa under the name Security Trust & Savings Bank