Harvesting in autumn

About Us

Online Banking Login

Mission Statement

To improve the lives of our people, customers, shareholders, and communities.

Mission Statement Visual: To improve the lives of our people, customers, shareholders, and communities.

Our Story

Over 105 years of Growing Locally!

  • Our story began in 1912 as Farmers State Bank of Hartland located in Hartland MN.
  • The Freeborn branch was acquired in 1999.
  • A branch location was open in Albert Lea in 2005
  • In 2013 two existing employees Daniel Otten and Mark Heinemann formed a new bank holding company called Minnesota Community Bancshares, with the purpose of raising local funds to purchase all the bank shares from the Skophammer family. Minnesota Community Bancshares obtained $7.6 million in funding commitments from 78 local investors.
  • The purchase transaction was closed on April 11th, 2014.
  • January of 2021 the bank was renamed to Arcadian Bank.
  • CEO Daniel Otten and President Mark Heinemann are leading the bank into the future with a diverse board of directors, renewed energy and many of the same employees as well as lots of great new talent.

Board of Directors:

Daniel Otten Headshot Daniel Otten, Chairman

Mark Heinemann Headshot Mark Heinemann, Secretary/Treasurer

Allen Batt, Director Allen Batt, Director

Thomas Belshan, Director Thomas Belshan, Director

Holly Karsjens, Director Holly Karsjens, Director

Allen Obernolte, Director Allen Obernolte, Director