Cornerstone of Glenwood business being transformed
August 29, 2016
With the rumble of heavy machinery, a cornerstone of Glenwood’s downtown landscape came down a few weeks ago in cascades of crashing bricks and plumes of dust. Once the site is prepped, work on the space’s new building will begin; Glenwood State Bank, the building’s neighbor to the east, is expanding to the corner.
That corner, Franklin Street N and Minnesota Ave. E, has long been a staple of Glenwood’s downtown commerce—first as a department store, then as a series of grocery stores, and finally, a drug store. Trumm Drug, the latest business to occupy the corner building, recently moved to Glacial Ridge Health System’s new Ridgewood Villa addition, leaving the space available...
Glenwood State Bank named Top Workplace by Star Tribune
June 14, 2015
Glenwood State Bank was recently named a 2015 Top Workplace by Minneapolis’ Star Tribune. The Top Workplaces program is an annual survey sent to hundreds of businesses in Minnesota and taken by thousands of employees (almost 70,000 this year). The result of the survey is a ranking of the top 150 companies.
Glenwood State Bank participated in this survey and ranked #44 in the small business category, which consisted of companies with 50 to 149 employees. They were also the highest ranked community bank represented on the list.
The results of the Top Workplaces list are determined solely on employee feedback. Employees ranked Glenwood State Bank based on leadership, benefits, and the company’s strategic direction without knowing the intent or purpose of the survey...
ICBA’s Top Loan Producers: Glenwood State Bank in Minnesota
June 24, 2014
Glenwood State Bank, a $211 million-asset community bank located 120 miles northwest of Minneapolis, has been creating loyalties in its community for 107 years. President Peter Nelson attributes the bank’s success in loan volume—it is ranked in a tie for 32nd place among the top 100 overall loan producers, with an 89 percent ratio between loans and assets—above all to its attitude toward customers.
“Typically, we restructure rather than foreclose,” Nelson says. “We keep the flexibility to work through the bumps and bruises where we perceive a good work ethic, good business sense, good product and willingness to listen.”
Helping when the chips are down solidifies relationships for the long haul. So does taking an initial chance on financing startups and entrepreneurs, who may begin their companies in garages but now employ hundreds...
Show Hosted by Larry King to Feature Glenwood State Bank
March 29, 2014
Glenwood State Bank was recently recognized by In View as a national example of excellence in community banking. In View, hosted by Larry King, produces educational television shows. Their purpose is to produce quality educational programming to inform, educate and enlighten their viewers. In View covers a variety of topics and has won many TELLY Awards for its educational programming.
The program will focus on the part community banks played during our nation's struggling economy over the past few years. In View points out that not all banks are the same. They noticed that community banks, although often co‐mingled with larger banks, were different.
Their report shows how Community banks took additional risks to help the entrepreneurs and that Community banks do things larger banks won’t. Things that may not always be what is best for the bank, but rather, what's in the best interest of the customer. In View realized that it was NOT community banks that drove our nation into the economic challenges, yet it will BE community banks leading us out!...