Our Story

Over 112 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.
• September 2023 the Hartland branch that was destroyed by the December tornado of 2021 was rebuilt and opened.
• 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.

Mission Statement

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

Culture

Our culture is essential. It ensures that we attract, retain, and develop the people necessary to accomplish the bank’s goals and mission.

Click here to read the Arcadian Bank Culture Document

Leadership is the foundation of our success at Arcadian Bank. Our leaders inspire, guide, and support us every step of the way—helping us grow both personally and professionally. Their vision and dedication set the tone for excellence, ensuring we serve our customers and community with passion and purpose. Our leadership team includes: Front Row: Chairman Daniel Otten and President/Chief Executive Officer Mark Heinemann Back Row: Chief Financial Officer Mark Petrik, Frontline Staff Supervisor Jennifer Miller, Chief Credit Officer/Ag Lender Michael Yocom, Senior Mortgage Lender Susie Miller, and Senior Ag Lender Mike Budach.

Daniel Otten
Chairman

Mark Heinemann
Secretary/Treasurer

Holly Babcock
Director

Allen Batt
Director

Allen Obernolte
Director

Margie Heller
Director

REACH

At Arcadian Bank, we have a long history of supporting the communities that we live and work in. Our tagline is “Community Focused, Community Focused” after all. While all staff members play an active role in living out our tagline, the bank’s growth recently called for a dedicated team of individuals to organize and implement our outreach efforts. Enter: the REACH Team! Formally launched in 2020, the REACH Team is tasked with finding practical ways to improve the lives of all community members. We strive to make an impact by representing the bank through involvement and visibility within our communities. What does REACH stand for exactly? We’re glad you asked…

Community Owned. Community Focused.

2022 Donations

Total of $80,626 donated across over 100 local organizations, events and causes.

Completed Initiatives

• Free Little Library: We purchased and installed a Free Little Library outside of the Albert Lea location and in the park area across the street from our Freeborn location for community members to drop off and take books as they please.
• Adopt A Classroom: Through a random drawing selection we committed to one local elementary classroom for the 2022-2023 school year to support their needs through general supplies, flexible seating options, updated furniture, stem activities whatever it may be to provide a lasting impact in that classroom.
• “Jesus Food” event: Sent a team of employees to partner with the community of Wells in a food packing event that prepared food packages aimed at ending starvation across the world
• Sparky Golf Tournament: The LIFE Center of Freeborn County provides programming and services to residents with disabilities. Their mission is to advocate passionately while compassionately delivering programs and expand opportunities, empower people and enrich lives while having fun. We are the diamond level sponsor of the event and our staff helps with set up, registration, lunch and games out on the course. It’s a good day for a good cause.
• Albert Lea Main Street Program’s Holiday Bazaar: Sponsored and staffed a free hot chocolate stand for the community, serving over 300 cups of hot chocolate in 2 hours!
• Calendar Outreach: Distributed over 500 of our Arcadian Bank photo calendars to local nursing home residents.
• Annual #makingspiritsbrighter Gift Project: Chose a special member of our community who we wanted to bless during the holiday season, raising a grand total of over $6,600 between staff donations and a bank match.
• Winter Wear Drives: Partnered with the United Way of Freeborn County, as collection sites for their respective winter wear drives to help provide for those in our communities needing hats, gloves, and coats for the winter season.
• Slam the Door on Breast Cancer: Staff decorated their door in support of Breast Cancer Awareness Month.
• Career Fair & Guest Speaking at ALHS: Staff participated in the high school career fair showcasing career opportunities in banking and staff volunteered to be guest speakers to the 8th grade pathways class sharing the story of their individual path to their current career.
• Mock Interviewers: Sent staff volunteers to the Albert Lea High School and to Glenville-Emmon School to assist students in interviewing skills.
• Local Parades & Events: Our staff can be found at many local town festival parades and at local events with our inflatable money booth.
• Free Fraud Prevention & Shredding Event: We partnered with the Albert Lea Police Department to provide education and take action against increasing fraud and scams. We offered free document shredding and nearly 100 local community members attended the event.