Acquisition of Lake Area Bank by First Resource Bank Complete!

As of November 10th 2022, the Lake Area Bank locations in Lindstrom and Forest Lake, Minnesota, have been acquired by First Resource Bank. 

First Resource Bank believes that strong banking relationships are vital to community progress and to your success. With that in mind, we are focused on providing unmatched services, access to more robust products, and the ability to conveniently bank at additional locations in nearby towns.

First Resource Bank began as The First National Bank of St. Croix Falls, chartered in 1919 in St. Croix Falls, Wisconsin. Over the next 98 years, the bank expanded, changed its name to Eagle Valley Bank, and in 2017, acquired First Resource Bank. A year later, the two banks were merged and became First Resource Bank.

Today, First Resource Bank continues serving small businesses, entrepreneurs and individuals with prompt, friendly client service and simple lending and deposit solutions. First Resource Bank’s professional, responsive, and uncomplicated business approach has resulted in becoming one of the fastest growing banks in the state of Minnesota. With offices in Lino Lakes, Minneapolis, and Stillwater, Minnesota, as well as St. Croix Falls, Wisconsin, we intend to build on this growth while continuing to make a positive impact in the communities we serve.