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About Us

Arcadian Bank is a full-service community bank who has been committed to serving the diverse needs of consumers and businesses in our local communities for 110 years. We take pride in giving back to our community and supporting local events, clubs, fundraisers, charities, businesses, and causes that are important to our employees and customers. We are dedicated to offering our customers the leading edge in technology, and we are committed to providing a great banking experience with security being a top priority. We believe in nurturing a positive and stable culture which results in an exceptional customer experience. Arcadian foresees a bright future for community banking!

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.

To improve the lives of our employees, customers, shareholders, and community members. Employees point to Culture committee, Customers point to Various Debts, Shareholders point to Executive Leadership, and Communities point to REACH Team.


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

Portrait of Daniel Otten, Chairman

Daniel Otten

CEO & Commercial Lender


Jennifer Miller portrait

Jenni Miller

Vice President

Lead Teller

Portrait of Mark Heinemann, Secretary/Treasurer

Mark Heinemann

President & CFO


Portrait of Mike Budach, VP Senior Ag Lender

Mike Budach

Vice President

Senior Ag Lender

Portrait of Mike Yocom, VP Ag Lender

Mike Yocom

Executive Vice President

Chief Credit Officer/Ag Lender

Susie Miller portrait

Susie Miller

Vice President

Senior Mortgage Lender

Portrait of Daniel Otten, Chairman

Daniel Otten

Portrait of Mark Heinemann, Secretary/Treasurer

Mark Heinemann

Portrait of Holly Karsjens, DirectorHolly Babcock

Photo of Allen Batt, Director

Allen Batt

Portrait of Allen Obernolte, DirectorAllen Obernolte

Portrait of Margie Heller, Director

Margie Heller


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…


Internally, to recruit employees to volunteer in various ways in the community. Externally, to recruit high performance individuals for our team and to introduce people to the possibility of a career in banking in general.


To share the wealth of knowledge within our team with the communities that we live in, across all ages, stages, and walks of life. Small business owners, stay-at-home-moms, farmers, new home owners, children, etc.


To distribute financial resources into our communities for various projects, fundraisers, and non-profits in order to make a positive affect on the quality of life here in Freeborn County.


To spread kindness and compassion by thinking beyond the four walls of our bank and finding ways to support and encourage those in our communities who may be struggling or may need a reason to smile.


To ally with local non-profits by providing a helping hand within our communities, in a tangible, practical "boots on the ground" sort of way.


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.
Collage of REACH completed initiatives