One bank with one purpose. That is Community Bank Owatonna, and their sole purpose is to serve you – the Owatonna community! Our mission is to create an environment that nurtures personal relationships, fosters quality service, and welcomes change and innovation. As Owatonna’s only locally owned and independently operated bank in the community, Community Bank Owatonna is one bank with one location with infinite possibilities.
Community Bank Owatonna was founded in 2002 by a group of local community members and business leaders who wanted to bring needed change to Owatonna’s banking landscape. They had the foresight to imagine the impact of a true locally owned community bank, one where deposit dollars would be reinvested in Owatonna to benefit the local economy.
Community Bank Owatonna opened for business on January 13, 2003 in a temporary facility at 640 Bridge Street, while its permanent facility was under construction. On July 7, 2003, the directors, officers, and staff opened the doors of a newly constructed facility and welcomed the community to experience the difference of a true community bank. Today the bank has grown to over $80 million in assets, while solely focused on the mission created by its founders 20 years ago. As the bank’s customers have succeeded, so has the bank. As a result, the bank is well positioned for additional growth and prosperity. Community Bank Owatonna appreciates the support of its customers and the local community.
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