The History of Sherburne State Bank

     Sherburne State Bank was originally organized as Santiago State Bank, located in Santiago, Minnesota. It was formed by John D. Odegard and his
     brothers, Edwin and Oscar. The bank opened for business on September 9, 1920 and served a then-robust farm community with John D. Odegard
     serving as bank president.

     In 1956, Russell M. Storlie, who had worked at the bank since 1928, gained controlling interest and was named President. He held the presidency
     until his death in 1960. His wife, Selma Storlie, who had served as Cashier and board member, took over the presidency and ownership at that time.

     Selma Storlie ran the bank until Sherman I. Lindstrom and Robert J. Anderson purchased the bank in 1973. In 1976, Roger W. Haugen became
     co-owner with Lindstrom and was named Executive Vice President. Sherburne State Bank has been owned and operated by
     Roger W. Haugen since 1988.

     Sherburne State Bank expanded its operation in 1978 when a branch office opened in Becker, 17 miles south of Santiago on U.S. Highway 10.
     The Santiago branch was closed in 2007. In 1980, the bank opened an office in Clear Lake. The bank found another community home when its
     Princeton branch opened in 2000 and its fourth as the St. Cloud office opened in 2007. In June, 2011, Sherburne State Bank was sold and
     Roger Haugen retired. Greg Reinhart became the interim President and CEO at the time of the sale. In January of 2013, Kevin Doty accepted
     the role as President of Sherburne State Bank.

     Throughout its history, Sherburne State Bank has been pleased to provide quality financial products coupled with friendly professional service.
     We value the opportunity to serve our customers and the communities we call home.

 

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