In 1917, The Farmer’s State Bank of Cedar began operating in Anoka County, Minnesota. The Bank was originally located on a main railroad stop between Minneapolis and Duluth. It served the rural agricultural community and is one of the few banks in Anoka County to come through the Great Depression.
From 1986-1996, the Bank grew from $39.5 Million to $69.6 Million in assets and from $23.2 Million to $41.1 Million in loans. In March 1996, the CHC purchased the 21st Century Bank in Balaton, MN, which had additional offices in Tracy and North Mankato, Minnesota. After the purchase, the combined assets in the CHC reached over $150 Million. To capture more continuity, the CHC changed names from the Crosstown State Bank of Ham Lake to 21st Century Bank-North. At that point, the Bank had offices in Balaton, Tracy, North Mankato, Ham Lake and Blaine.
In 20122, 21st Century Bank opened its seventh location in the Metro area – its third location in Blaine - located near Lexington Avenue and Interstate 35W. This office is one of the first new banks built in Minnesota since the Great Recession in 2008.
