Posts Tagged ‘ Citizens Bank New Ulm ’

Operation: Stop The Spread!

September is the Minnesota Bankers Association’s Community Impact Month, and Citizens Bank Minnesota is once again proud to be participating!

This year we are focusing our efforts on “Stopping the Spread” and collecting items needed in schools to protect students and staff from COVID-19. 

If you are interested in donating, the following items are needed in classrooms:

  • Adult cloth masks or face shields
  • Youth cloth masks or face shields
  • White paper towels
  • Latex gloves, size Large & X-Large
  • Disinfectant Wipes
  • Hand Sanitizer

Monetary donations will also be accepted and used to purchase needed supplies.

Donations can be dropped off September 1st – 18th at any of our Citizens locations and the items will be distributed at our area schools.

Thank you for your support!

#BanksBuildMN

Citizens Bank Minnesota acquires Farmers State Bank of Watkins

Citizens Bank Minnesota is pleased to announce that an agreement has been reached to acquire Farmers State Bank of Watkins, located in Watkins MN.  Farmers State Bank will merge with and into Citizens Bank Minnesota. In addition to the Bank merger, Citizens Bancorporation of New Ulm, Inc., parent company of Citizens Bank Minnesota, has entered into an agreement to purchase Farmers State Agency of Watkins, Inc., an insurance agency.  An April 18, 2020 closing date is expected for both acquisitions.  

Citizens Bank Minnesota is community-owned and operated with over 144 years of strength and stability.  Being chartered in 1876, it is one of the oldest banks in Minnesota with total assets of $430 Million.  Citizens main office is located in New Ulm, with branch offices in Lafayette, La Salle and Lakeville, Minnesota.  

Citizens Agency is an independent insurance agency representing more than 20 companies with a full-line of insurance products and services. 

Citizens is well known for its energetic community involvement and support for growth and success in the areas it serves.  The bank takes pride in being community-owned with stock widely held by residents of the area.  Bauer Financial, an independent bank research firm, has consistently rated Citizens a 5-Star institution for the past 30 years.  In 2019 Citizens was named New Ulm’s Large business of the year and New Ulm Journal’s Reader’s Choice Award for Best Financial Institution.  For more information, we encourage you to visit www.citizensmn.bank

Farmers State Bank of Watkins was founded in 1914 and has been providing financial services to the town of Watkins and the surrounding area for over 100 years.  The existing staff of Farmers State Bank of Watkins and Agency will continue providing the same quality service for clients, with added benefits of Citizens WooHoo! Banking products, enhanced technology and more to come. “We are excited to be joining with Citizens and believe the transaction will enhance our ability to serve the banking needs of our Watkins customers,” said David Neisen, President of Farmers State Bank of Watkins. 

 “We are excited for Watkins to join the Citizens team and believe they will be a great fit with our culture, which is essential to our continued success,” said Mark Denn, President and CEO of Citizens Bank Minnesota.  “All of ourlocations are high performing and committed to the customers and communities they serve.  We are honored for this opportunity and ready to move forward together and have some fun.”

Dustan Cross, Chairman of Citizens Board of Directors states, “The Board of Directors and the shareholders are proud of the hard work and due diligence undertaken by our Bank’s management team to bring this merger together.  We believe this acquisition will continue our Bank’s long-term strategic goal of smart and sustainable growth to ensure that Citizens Bank Minnesota remains a premier source of financing and other products for all of its customers.” 

Citizens looks forward to serving the Watkins community!

SBA COVID-19 Economic Injury Disaster Loan Program

Thanks to a concerted effort by the state of Minnesota and the SBA to contain the economic impact of Coronavirus, the state’s small businesses are now eligible for the SBA Economic Injury Disaster Loan Program and can apply for a loan online. For info and forms you’ll need, please read the info below before going online.

MORE ABOUT EIDL LOANS

  • This program can provide low-interest loans of up to $2 million to businesses and private non-profits.
  • These loans may be used to pay fixed debts, payroll, accounts payable and other bills. 
  • The current interest rate is 3.75% for small businesses; for non-profits is 2.75%.
  • These loans have long-term repayment options, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based on borrower’s ability to repay.
  • Read the News Release regarding  MINNESOTA Declaration 16365 and Fact Sheet. 

EIDL LOAN TRAINING VIDEO NOW AVAILABLE

If you have questions on this loan and best practices for applying, watch this14 minute EIDL Application Training (link is external). Special thanks to the St. Paul Area Chamber of Commerce for helping us meet demand by hosting this video on their website. Our office is holding this same training twice daily and those are filling very quickly.

FILL OUT THESE FORMS FIRST!We HIGHLY recommend you complete your application online, do not mail it in. However, preparing these documents before you go to SBA.gov/disaster will streamline the process for you. Here’s a list of documents you’ll need to provide to complete the application: 

Need help filling out the application?  Watch our Training (link is external)download the slide deck, or Access these step-by-step instructions


STAY UPDATED

Other resources:

COVID-19 DEED Small Business Emergency Loan Fund

Small Business Emergency Loans following executive order 20-15, DEED has established a loan program to assist small businesses affected by Executive Orders 20-04 and 20-08 following the COVID-19 pandemic. Small businesses are a vital part of Minnesota’s economy and this program will provide a source of working capital to help businesses sustain operations during this challenging time.

  • Range from $2,500 to $35,000 and will be based on the firm’s economic injury and the financial need.
  • Be provided to Minnesota-based businesses only.
  • Be interest free.
  • Be paid back monthly over five years and the first payment will be deferred six months with potentially partial forgiveness.

DEED released their Small Business Emergency Loan fund applications. Please review the requirements below.
Eligibility

  • In order to be eligible for a Small Business Emergency Loan, businesses must be able to demonstrate that it was directly and adversely affected by the conditions that precipitated the emergency declaration as noted in Executive Orders 20-04 and 20-08.

The following businesses are noted in those Executive Orders:

  • Restaurants, food courts, cafes, coffeehouses, and other places of public accommodation offering food or beverage for on-premises consumption, excluding institutional or in-house food cafeterias that serve residents, employees, and clients of businesses, child care facilities, hospitals, and longterm care facilities.
  • Bars, taverns, brew pubs, breweries, microbreweries, distilleries, wineries, tasting rooms, clubs, and other places of public accommodation offering alcoholic beverages for on-premises consumption.
  • Hookah bars, cigar bars, and vaping lounges offering their products for on premises consumption.
  • Theaters, cinemas, indoor and outdoor performance venues, and museums.
  • Gymnasiums, fitness centers, recreation centers, indoor sports facilities, indoor exercise facilities, exercise studios, and spas tanning establishments, body art establishments, tattoo parlors, piercing parlors, businesses offering massage therapy or similar body work, spas, salons, nail salons, cosmetology salons, esthetician salons, advanced practice esthetician salons, eyelash salons, and barber shops. This includes, but is not limited to, all salons and shops licensed by the Minnesota Board of Cosmetologist Examiners and the Minnesota Board of Barber Examiners.
  • Amusement parks, arcades, bingo halls, bowling alleys, indoor climbing facilities, skating rinks, trampoline parks, and other similar recreational or entertainment facilities.
  • Country clubs, golf clubs, boating or yacht clubs, sports or athletic clubs, and dining clubs.

To qualify, the businesses must:

  • Be current on financial obligations as of March 1, 2020
  • Be an existing small business (whatever the form of their organization)
  • Have been operating in Minnesota for at least one year
  • Be willing to provide collateral or personal guarantee for at least 20% of loan
  • Have been denied credit by a lender and have sought or be in the process of seeking, SBA Economic Injury Disaster Loan assistance.
  • Pay-off the emergency loan if financing is received subsequent to loan approval.

Loans cannot be provided to businesses that:

  • Derive income from passive investments without operational ties to operating businesses
  • Generate any part of its income from gambling or adult-oriented activities
  • Have no current or historical financial statements

Citizens Bank Minnesota is here for you! Our lenders are only an email, phone call away. Please do not hesitate to reach out to us with any questions or concerns you may have. Our lenders are listed by branch below.

Member FDIC

Don't Let Your Banking Be Disrupted! Citizens Is Here For You!

Our lobbies may be temporarily closed, but we are all still here for you! We have employees working at all of our locations and can see you by appointment. Just give us a call to set one up!

  • New Ulm: 800-549-0194
  • Lafayette: 800-459-7563
  • La Salle: 877-308-9546
  • Lakeville: 952-469-1919

And don’t forget – our drive-up and walk-up services in New Ulm and Lakeville are open with regular hours.

  • New Ulm: Monday – Friday, 7:30 AM – 5:00 PM. Saturday – 8:00 AM – Noon.
  • Lakeville: Monday – Friday, 8:30 AM – 5:00 PM. Saturday – 9:00 AM – Noon.

We have the tools that allow you to bank from home!

Online & Mobile Banking: You can do your banking anytime and from anywhere! Click here to learn more about Online Banking, and here to learn more about Mobile Banking.

ATM Deposits: Our ATMs in New Ulm and Lakeville are very user-friendly and have some great features!

  • Accepts cash AND check deposits
  • Deposits after 2:30 PM will be posted next day
  • Open 24/7!

Telephone Banking: With our CitizensOn-Call Telephone Banking Service, your accounts are accessible anytime, day or night. All you need is a telephone. Click here for more information about this service.

WooHoo! Text Club: Want to stay up-to-date on the latest notices, event information, updates, alerts and announcements from Citizens? Simply text CITIZENSMN to 474747 and fill out the form to opt in!  ZERO spam and NEVER shared! *Message and data rates may apply. Text STOP to cancel at any time.

Please remember: Banks are the safest place to keep your money. We may have temporarily closed our lobbies, but your deposits remain safe at our bank, as does your access to your funds. You can find more information regarding this here.

For the most up-to-date information regarding Citizens and COVID-19, please visit our website at: https://www.citizensmn.bank/ask-us/covid-19-information

Important Information Regarding COVID-19

Effective Tuesday, March 17, 2020, at 4:00 PM, our New Ulm and Lakeville lobbies will be closed until further notice. Admittance will be by appointment only. Drive-up and walk-up services will operate with normal hours.

New Ulm – 800-549-0194

Drive-Up hours: Monday – Friday: 7:30 AM – 5:00 PM. Saturday: 8:00 AM – Noon

Lakeville – 952-469-1919

Drive-Up hours: Monday – Friday: 8:00 AM – 5:00 PM. Saturday: 9:00 AM – Noon.

Lafayette & La Salle offices will have limited lobby services. Please call for an appointment.

Lafayette – 800-459-7563

La Salle – 877-308-9546

Amid ongoing concerns about the Coronavirus COVID-19, Citizens Bank Minnesota is closely monitoring the latest reports from the Centers of Disease Control (CDC) and the Minnesota Department of Health. We wanted to reach out and share a few of the ways we are here to serve you, our customer, during this time.
Putting our Customers First: As always, our focus is the safety and well-being of our customers, employees and the communities we serve. Our thoughts are with those who have been impacted. We stand ready to work with those experiencing financial difficulty as a result, and we are taking the necessary steps to avoid potential disruptions of service to our customers.
Precautions: We are working diligently to take precautionary measures to reduce the spread of the COVID-19 virus. With that in mind, Citizens has enhanced precautions to help promote customer and staff safety:

  1. Consulting our Business Continuity Plan and following pre-planned procedures. Our critical systems and staff that are essential to day-to-day operations are set-up to work remotely and securely in the event on any facility changes. Many non-essential, non-customer facing bank employees are also being asked to work from home.
  2. We are asking customers who desire personal or specific banker services to set up office appointments.
  3. Customers facing financial hardships as a result of COVID-19 should contact us to discuss their individual situation.
  4. Notifying staff that if they have participated in high-risk travel activities in the past seven days or are scheduled for high-risk travel, to communicate with Human Resources to work though necessary precautions.
  5. Canceling all planned staff business travel to non-essential conferences or meetings.

The Citizens Team: We will continue to monitor the situation and take actions to protect our staff while allowing business to be conducted safely at our locations.
To stay up-to-date, enroll in our text club by texting CITIZENSMN to 474747 or visit our Facebook page.
Alternative Banking Options: For your convenience and protection, we encourage you to access your account from home using our digital and telebanking services. We offer Online BankingMobile BankingMobile Deposit, and Telephone Banking. You can also drop off payments in our night deposit boxes.
The United States maintains a world-class payments system. Customers are encouraged to take advantage of their debit and credit cards when making purchases.
Don’t forget – our ATM locations take cash and check deposits.
If you have any questions or concerns, please contact us at 1-800-549-0194 or email us at customerservice@citizensmn.com .

Citizens Bank Minnesota’s 6th annual Race 2 Raise 5K

Join us for our 6th annual Race 2 Raise 5K, where all proceeds go to the American Cancer Society!

  • Saturday, May 16, 2020
  • Race day registration closes at 7:30 AM
  • Race begins at 7:45 AM at Citizens Bank Minnesota, 105 North Minnesota Street, New Ulm – back parking lot.
  • Course will use city streets, sidewalks and the Bike Trail System.
  • Race will end at the Mueller Park parking lot.
  • Professional chip-timing provided by Gopher State Events.
  • Medals will be awarded to the top 3 male and top 3 female finishers in age groups.
  • All paid participants will receive a technical t-shirt if registered by May 4, 2020.
  • Both walkers and runners are welcome – stroller friendly!
  • Post-race refreshments of bottled water, bananas and freezies will be provided.
  • Enjoy a FREE beverage afterwards at the B&L Bar when you show your race bib (valid only on May 16, 2020)
  • Early registration fee: $27 for adults (18+), $20 for students (ages 6-17), children 5 and under are free.
  • Same day registration fee: $32 for adults (18+), $25 for students (ages 6-17).

Questions? Please email Sarah Seifert at sseifert@citizensmn.com 

REGISTER ONLINE AT: www.tempotickets.com/Race2Raise2020 

DOWNLOAD A PAPER REGISTRATION FORM HERE 

To view the 5K ROUTE, click HERE 

Thank you to our sponsors: Citizens Bank Minnesota, Citizens Agency, Century 21 Red Shoe Realty, Anytime Fitness New Ulm, DLC Manufacturing & Fabrication, The Candyman, Schwartz Design Services LLC, B&L Bar

Citizens 2020 Craft Retreat to Benefit “B the Light”

Calling all crafters, scrappers, quilters, jewelry makers and more! Join Citizens 4 Citizens at our annual craft retreat as we “Craft for a Cause”!  All proceeds from this event will benefit “B the Light”. http://bthelight4someone.org

When? Friday, March 27, 2020 from 5 PM – 10 PM and/or Saturday, March 28, 2020 from 9 AM – 9 PM

Where? St. George Parish Center, 63128 388th Lane, New Ulm, MN

Cost? Friday only (includes 1 meal) – $25 Saturday only (includes 2 meals) – $40 Both days (includes 3 meals) – $60

We have special pricing for children! Friday only (includes 1 meal) – $10 Saturday only (includes 2 meals) – $20 Both days (includes 3 meals) – $25

We will also be offering ‘Make and Take’ projects! Etch a wine glass or beer mug for $7, or a set of 4 glasses for $20.  Or if you are interested in home decor, you can make a rustic painted mason jar sconce for $12! 

Visit our website to view and download all the forms for this event! https://www.citizensmn.bank/citizens-way/community-events

Registration deadline is Friday, March 13, 2020.  You can mail registrations with payment to: Citizens Bank Minnesota c/o Stacy Merkel P.O. Box 547 New Ulm, MN 56073

Citizens holds quarterly WooHoo! Workshops to Assist Businesses in the Area

WooHoo! Workshop – Minnesota Wage Theft Law

Citizens Bank Minnesota is supporting community businesses by sponsoring quarterly educational workshops and events that help businesses grow and prosper. 

“We want to be a resource for businesses, to strengthen and fuel their growth and stability.  In our eyes, this will help create jobs, which benefits everyone who lives here,” said Julie Baumgartner, Senior Vice President and Chief Operations Officer for Citizens.  “This is part of our mission as a true community bank.”

WooHoo! Workshops are free to businesses.  Citizens has already hosted several workshops, including topics such as QuickBooks Basics, Minnesota Wage Theft Law, and a Consulting Café, which featured free consultations with specialists from the Small Business Development Center in Mankato.

The workshops are advertised on the bank’s website, http://www.citizensmn.bank, Facebook and LinkedIn pages, and through e-mail to New Ulm Chamber of Commerce members.  Should you wish to be added to our mailing list, contact Kris Wilfahrt at kwilfahrt@citizensmn.com

Citizens looks forward to you joining us at our next WooHoo! Workshop!

WooHoo! Citizens Is The Bank For You!

Where you can you get Ultimate products, service and experience? At Citizens Bank Minnesota of course! We’re the home of “WooHoo! Banking” and we have everything you need in a bank. As you can see from our latest video, we’re pretty sure that if we were you, we’d want to bank with Citizens too!

Ten Complete Leadership Programs at Citizens Bank Minnesota

Citizens Bank Minnesota is pleased to announce that ten staff members have completed the Citizens Leadership Program. The program, which includes Citizens Leadership Academy and Citizens Leadership Course, was developed to grow leadership skills as well as develop personal and professional growth. 

The Citizens Leadership Academy (CLA) is an internal two-year program that was developed to prepare staff to take on leadership roles in the organization as opportunities arise. The Bank looks for individuals who have a commitment to Citizens, and also have a desire to achieve extraordinary accomplishments through a leadership role. In 2019, six completed the program: Nicole Anderson, Joan Forstner, Laura Franta, Judy Hahn, Tanya Hillesheim, and Sarah Seifert.  Anderson, Loan Processor/Administrative Assistant, LaSalle Branch, has 8 years with the Bank; Forstner, Systems Operator/Bookkeeper, has 15 years with the Bank; Franta, Sr. Client Service Representative, has 4 years with the Bank; Hahn, Loan Processor/Administrative Assistant, has 14 years with the Bank; Hillesheim, Loan Processor/Administrative Assistant, has 5 years with the Bank, and Seifert, Digital Marketing Coordinator, has 7 years with the Bank.

2019 Citizens Leadership Academy Graduates:
Tanya Hillesheim, Joan Forstner, Nicole Anderson, Judy Hahn, Laura Franta, Sarah Seifert

The Citizens Leadership Course (CLC) is an internal one-year program that was developed to prepare staff to take on leadership roles within their department as opportunities arise. The Bank looks for individuals who have a commitment to Citizens, and have a desire to take on more responsibilities within their current departments. In 2019, four completed the program: Lori Dummer, Ashley Eckstein, Denise Fischer, and Kay Meinzer. Dummer, Marketing Assistant, has 4 years with the Bank; Eckstein, Systems Operator/Bookkeeper, has 6 years with the Bank; Fischer, Insurance Agent/Administrative Assistant, has 2 ½ years with Citizens Agency; and Meinzer, Personal Banker, has 6 years with the Bank.  

2019 Citizens Leadership Course Graduates:
Denise Fischer, Ashley Eckstein, Kay Meinzer, Lori Dummer

Currently, there are 17 staff members in the Citizens Leadership Academy who will complete their programs at year-end 2020.   

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