Login
February 8, 2024
MidCountry Bank, a locally owned and operated community bank, announces the successful completion of the Lake Community Bank merger on January 29, 2024. Both banks were owned by the same holding company prior to the merger. The Lake Community Bank Long Lake branch will now operate as a MidCountry Bank branch, increasing the number of MidCountry Bank branch locations to fourteen.
“We are excited to welcome Lake Community Bank customers and team members to MidCountry Bank,” said Steve Meads, President & CEO of MidCountry Bank. “Lake Community Bank has built a strong foundation in the Long Lake area that we look forward to expanding in the community. Together we are well positioned to offer greater lending capacity and product offerings for individuals and businesses, expand the support of the communities served, and strengthen our market position. I am proud of the team members from both banks, who joined together and created a smooth transition for Lake Community Bank customers.”
As a combined entity, MidCountry Bank will now have total assets of approximately $1.18 billion as of January 31, 2024. With the merger, MidCountry Bank expands its footprint in Minnesota, serving customers in Apply Valley, Bloomington, Buffalo, Glencoe, Hastings, Hutchinson, Inver Grove Heights, Litchfield, Long Lake, Minnetonka, St. Cloud, Waconia, White Bear Lake, and Winthrop.
About MidCountry Bank
MidCountry Bank is a full-service bank headquartered in Bloomington, MN. With 14 branch locations in Minnesota, MidCountry actively engages in its communities to provide high quality, diversified financial services and solutions. A comprehensive scope of banking, cash management, equipment leasing, mortgage, insurance and investment products, tools and services makes us a solid financial ally for both traditional and progressive-minded clients.