To our Community,

Your health, welfare, and safety are extremely important to us.  As COVID-19 increases its impact on our world, state, and communities, I would like to take a moment of your time to share need to know information that will help you act responsibly to ensure our community safety.

For 116 years, the First National Bank of Osakis has been locally-owned and managed by the Evenson/Olson family. With the community and our customers in the forefront of my mind, I want to publicly explain the news that you may have heard elsewhere: The First National Bank (FNB) of Osakis is in the process of selling to the Martinson/Nelson family, who currently own Glenwood State Bank and Lowry State Bank.

“I’ve lived in Osakis and been a customer for decades.  My grandparents and parents were customers.  The bank employees know me.   Why are they asking me all these questions?”

Growing a family is something that is rewarding on many levels, most of which cannot be measured.  If you’re expecting, or planning on growing your family, congratulations!  It’s not a small decision to make, and although you may never feel like you’ve truly done enough to be fully prepared, starting early on a budget, and practicing it, will help you considerably when your child is born.

We can all expect to budget or save for some of those big expenses in our lives, such as purchasing a new car, putting a down payment on a home or even an extravagant wedding.  But something we don’t always budget for is the cost of pet ownership.  Picking out a pet to join your family is one of the most exciting moments for both adults and kids.  You and the family have decided you want to add a new furry (or sometimes not so furry) addition to your family and you all hop in the car to dash to the nearest pet shop or animal shelter.

With online financial technology companies ramping up pressure to get into community banking, only the time-tested, traditional community banking model ensures these advancements are not at the expense of customers trust, financial resources, and community wealth.

Dormant Checking and Savings accounts are among one of the most common unclaimed property items in the State of Minnesota.  That being said, the staff at the First National Bank of Osakis want to make sure that we do our due diligence, so that your inactive account doesn’t become state owned property too.  Hence the reason we send those inactivity and dormancy letters out to our customers informing them there has been no activity on the account and giving them the option to reactivate.  Having a financial account go into a dormant or inactive state is nothing to feel ashamed