Trees with Sunshine and path

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 110 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

Margie Heller, Director Margie Heller, Director

Holly Karsjens, Director Holly Karsjens, Director

Allen Obernolte, Director Allen Obernolte, Director

Tim Westrum, Director Tim Westrum, Director