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.
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
Princeton branch opened in 2000 and its fourth as the
St. Cloud office opened in 2007. In June, 2011, Sherburne State Bank was
Roger Haugen retired. Greg Reinhart became the interim
President and CEO at the time of the sale. In January of 2013, Kevin Doty
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.