Discovering the Cornerstone of Faribault's Financial Landscape: 1st United Bank

Nestled in the heart of Faribault, Minnesota, 1st United Bank stands as a pillar of financial stability and community involvement. With a legacy spanning over 125 years, the bank has played a pivotal role in shaping the economic well-being of the city and its surrounding region.

Transition: Embracing a Century of Excellence

1st United Bank traces its roots to 1897, when a group of local businessmen established the National Citizens Bank of Faribault. Over the years, the bank has witnessed countless economic cycles, mergers, and acquisitions. However, its commitment to providing exceptional financial services and supporting the local community has remained unwavering.

Transition: A Cornerstone of Financial Accessibility

Today, 1st United Bank ranks as Faribault's largest financial institution, with over $820 million in assets as of June 30, 2023. The bank operates five convenient locations in Faribault, along with a loan production office in Owatonna and a financial services center in Northfield. This extensive network ensures accessibility to banking services for residents and businesses throughout the area.

Table 1: 1st United Bank Financial Highlights

Transition: A Catalyst for Community Development

1st United Bank is not merely a financial institution; it is also a driving force for community progress. Through its philanthropic initiatives, the bank supports a wide range of organizations that address critical needs in the Faribault area.

Story 1: Supporting Local Education

1st United Bank has partnered with Faribault Public Schools to provide financial support for educational initiatives. In the 2022-2023 school year, the bank contributed $25,000 to fund scholarships and enhance technology resources for students.

Transition: Innovation and Convenience at Your Fingertips

1st United Bank is committed to providing its customers with the latest banking technology. The bank offers a suite of online and mobile banking services that empower customers to manage their finances anytime, anywhere.

• Online Banking: Access account balances, transfer funds, and pay bills through the bank's secure online platform.
• Mobile Banking: Bank on the go with the 1st United Bank mobile app. Deposit checks, make payments, and track spending with ease.
• Mobile Wallet: Add your 1st United Bank debit card to a mobile wallet for contactless payment convenience.

Table 2: 1st United Bank Digital Banking Features

Transition: A Team of Dedicated Professionals

The success of 1st United Bank is attributed to its team of highly skilled and experienced financial professionals. The bank's employees are committed to providing exceptional customer service and tailored financial solutions that meet the unique needs of each individual and business.

Story 2: Going the Extra Mile for Customers

A customer recently lost her wallet containing her 1st United Bank debit card. She was worried about the possibility of fraud. The bank's customer service representative immediately blocked the card, issued a new one, and provided her with peace of mind while she filed a police report.

Transition: A Commitment to Rural Economic Development

1st United Bank recognizes the importance of supporting rural communities throughout Minnesota. The bank is a member of the Independent Community Bankers of America (ICBA), an organization that advocates for the interests of rural banks and their customers.

How-To: Accessing Financial Resources for Small Businesses

• Talk to a banker: Visit a 1st United Bank branch or schedule an appointment with a business banker to discuss your financing needs.
• Gather necessary documents: Prepare financial statements, business plans, and other relevant information to support your loan application.
• Review loan options: 1st United Bank offers a range of loan products designed for small businesses, such as SBA loans, lines of credit, and equipment financing.
• Submit an application: Complete a loan application and provide all required documentation.
• Underwriting process: The bank will review your application and determine if your business qualifies for a loan.

Transition: Why Banking with 1st United Bank Matters

Choosing 1st United Bank as your financial partner comes with numerous benefits:

• Community Focus: The bank is deeply invested in the Faribault community and supports local businesses and organizations.
• Financial Stability: With over 125 years of experience, 1st United Bank has a proven track record of financial stability and strength.
• Personalized Service: You will receive personalized attention from experienced and dedicated financial professionals.
• Convenient Access: Enjoy convenient access to your accounts through online and mobile banking services.
• Competitive Rates: 1st United Bank offers competitive rates on loans and deposits.

Table 3: Benefits of Banking with 1st United Bank

Story 3: A Legacy of Financial Empowerment

A local farmer has been banking with 1st United Bank for over 20 years. The bank has supported his business through multiple equipment upgrades and expansions, enabling him to grow his farm and provide for his family.

Transition: Join the 1st United Bank Family

Becoming a 1st United Bank customer is easy. Visit any of the bank's conveniently located branches or open an account online. Experience the difference that banking with a community-focused financial institution can make.

Call to Action

Choose 1st United Bank as your financial partner and discover the benefits of banking with a trusted and reliable institution. We look forward to serving you and supporting your financial goals.