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November 7, 2024
MidCountry Bank is pleased to announce the successful completion of the Red Rock Bank merger. Both banks were owned and operated by the same Minnesota-based holding company prior to the merger. The Springfield and Sanborn branches, in Southwest Minnesota will now operate as MidCountry Bank, increasing the number of MidCountry Bank branch locations to sixteen.
The merger brings together two strong community banks with shared values and a commitment to delivering exceptional financial services to individuals, businesses, and communities. Customers will enjoy access to a larger network of branches, ATMs, greater lending limits, and digital resources with enhanced product offerings. The merger will also offer career growth opportunities for team members and expand community support in the surrounding Springfield and Sanborn areas.
“Our customers, team members, and communities are at the heart of everything we do, and I couldn’t be more exited to welcome them to MidCountry Bank” said Steve Meads, President & CEO of MidCountry Bank. “This merger allows us to bring greater value and convenience to our customers, with the assurance of the same commitment to quality service that they’ve come to expect. I am extremely proud of our team that put in the endless effort to create a seamless transition for customers. We look forward to an even brighter future together and making a lasting impact on the customers and communities we serve.”
As a combined entity, MidCountry Bank will now have total assets of approximately $1.15 billion as of October 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, Sanborn, Springfield, St. Cloud, Waconia, White Bear Lake, and Winthrop.
About MidCountry Bank
MidCountry Bank is a full-service bank headquartered in Bloomington, MN. With 16 branch locations in Minnesota, MidCountry Bank actively engages in its communities to provide high quality, diversified financial services and solutions for consumer and business clients. With a strong commitment to community involvement, MidCountry Bank strives to make a positive impact through charitable giving, financial literacy programs, and partnerships that support local organizations.
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