Bank employees Kory, Alicia, Treyton, Cole, Taylor, and Bri


Our Story

Welcome to Decorah Bank & Trust Company! We are a third-generation family and employee-owned community bank serving NE Iowa. As a locally-owned and managed bank, we are responsive to your needs and eager to exceed your expectations. Decisions we make are long-term and balanced, considering our customers, employees, community and shareholders. We thrive on building lasting relationships and helping make dreams come true.

Decorah Bank & Trust has two main offices in Decorah and Cresco, IA. Each location has its own Market President leading our capable staff to ensure we serve our customers and community well. Justin Gullekson is President in Decorah and Donna Thomas is President in Cresco, operating as Cresco Bank & Trust Company.

Like many industries, the banking and financial services industries are changing fast. Decorah Bank & Trust is a leader in offering new services and technologies to make banking easy and convenient for you. However, our real strength is our people, who are the best bankers around for that personal touch.

We are a carbon-neutral bank with $700 million in assets and another $700 million in Mortgage and Wealth Management assets under management. We are large enough to serve most businesses - and small enough to do it well.

I invite you to call, chat, email or stop in for a visit anytime!

Ben Grimstad

Decorah Bank


Ben Grimstad, CEO