News

Lake Community Bank to Merge with MidCountry Bank

October 4, 2023

MidCountry Bank, a locally owned and operated community bank, is proud to announce that Lake Community Bank will be merged into MidCountry Bank. Both banks are currently owned by the same holding company. The merger is expected to be completed in January, 2024. Upon completion of the merger, the Lake Community Bank Long Lake branch will operate as a MidCountry Bank branch, increasing the number of MidCountry Bank branch locations to fourteen.

MidCountry Bank Continues its Support for YMCA of the North, Veteran and Active Military Families Programs

September 28, 2023

MidCountry Bank continues its support for the YMCA of the North with a $100,000 grant to help the YMCA advance their veteran and active military families programs. This marks the fifth consecutive year of MidCountry Bank’s support of this program. With over 328,000 veterans in Minnesota, supporting them and their family members through meaningful programs and services is needed more than ever.

Stephenie Olson Promoted to Director of Operations

May 16, 2023

MidCountry Bank has promoted Stephenie Olson to Director of Operations and will join the Executive Leadership team. Stephenie Olson began her career with MidCountry Bank in 2006 as Assistant Controller, and most recently served as Controller. In her 17 years at MidCountry she’s had a variety of leadership roles providing a range of organizational and systems knowledge. Stephenie has shown limitless capacity for growth, innovation, and creating strategic alignment across business lines.

MidCountry Bank Honored for Community Involvement

November 8, 2022

MidCountry Bank team members have a long history of being engaged in their communities, making them a better place to live and work. Once again in 2022, MidCountry’s collective efforts are being recognized by the Minnesota Bankers Association as a 2022 Community Champion, showcasing MidCountry Bank as an organization that represents what community banking is all about.

Stephenie Olson Named Top Women in Finance for 2022

October 27, 2022

Stephenie Olson, Controller for MidCountry Bank, was named to the “Top Women in Finance” list for 2022 by Finance & Commerce. Finance & Commerce Top Women in Finance award recognizes the outstanding contributions and dedication of women to their profession, their communities, and society at large.

MidCountry Bank Donates $125,000 for YMCA of the North, Veteran and Active Military Families Programs

October 10, 2022

MidCountry Bank continues to support the YMCA of the North and help advance their Veteran and Active Military Families Programs. With over 328,000 veterans in Minnesota, supporting them and their family members through meaningful programs and services is needed more than ever. MidCountry Bank’s $125,000 grant will fund core elements of the program including:

PenFed Foundation Announces Winner and Finalists for 2022 Veteran Entrepreneur Ignition Challenge Presented by MidCountry Bank

August 2, 2022

The PenFed Foundation, a national 501(c)3, today proudly announced Mississippi River Flavor Company as the winner of the PenFed Foundation’s Veteran Entrepreneur Investment Program (VEIP) Ignition Challenge presented by MidCountry Bank, which included grants for the winner and finalists totaling $75,000.

Crow River Habitat for Humanity and MidCountry Bank Partner for Veterans

March 25, 2022

MidCountry is no stranger to Habitat for Humanity’s “Veterans Build” program. Over the last couple of years, MidCountry has joined to help build houses for veterans in St. Cloud (2018) and Minneapolis (2019). Over the last few months, MidCountry has been working with the Crow River chapter for Habitat for Humanity on the newest build located on North Baldwin Avenue in Northeast Glencoe. Plans for this build started back in 2021 with a ground blessing ceremony on June 6th, where MidCountry contributed $50,000 to help with the construction costs and pledged to match an additional $50,000 raised by donors, encouraging community engagement.

MidCountry Bank Grants $300,000 to The Salvation Army Minneapolis Adult Rehabilitation Center

October 5, 2021

MidCountry Bank is pleased to announce the presentation to the The Salvation Army Minneapolis Adult Rehabilitation Center a $300,000 grant to help veterans overcome their struggles with alcohol and drug addictions.

Eli Mattison Promoted to Director of Human Resources

August 24, 2021

MidCountry Bank is pleased to announce that Eli Mattison has joined its executive team as Director of Human Resources. As Director of Human Resources, Eli Mattison is committed to recruit talent for the bank, and help individuals succeed in their careers through coaching and professional development.

Charlie Parkhurst Joins MidCountry Bank as Senior Commercial Banker/Portfolio Manager

August 16, 2021

MidCountry Bank continues expansion in the Commercial Banking arena by welcoming Charlie Parkhurst, a banker who is experienced with the Twin Cities business community, and has spent over 15 years in Commercial Real Estate financing. A degree in Finance from Iowa State University was the launching pad for his career. Charlie applies his analytical skills and creative problem-solving to help clients to make informed decisions, building a solid partnership along the way.

Mark Musgjerd Joins MidCountry Bank As Vendor Finance Manager

July 26, 2021

Seasoned Vendor Finance Manager Mark Musgjerd joins MidCountry Bank as a member of the Equipment Finance Lending Team. Experience gained over a decade of work in this specialty financing arena equips Mark with the know-how and network needed to get things done for his clients. His customer-focused approach centers on keeping things easy and building relationships. Mark holds a Business Management degree from St John’s University and has worked in the financial industry for over 25 years.

Michelle Lejcher Joins MidCountry Bank As Chief Risk Officer

July 22, 2021

MidCountry Bank is pleased to announce the addition of Michelle Lejcher to its Executive Team. As Chief Risk Officer, Michelle oversees the design and implementation of the enterprise risk management strategy and framework for MidCountry Bank.

Jeff Engen Joins MidCountry Bank as Hutchinson Market President

March 24, 2021

Jeff Engen brings 30 years of commercial banking expertise and local connections to MidCountry Bank, serving as the newly established Market President in Hutchinson. The opportunity to learn about area businesses, their owners and what makes them “tick” has always energized and intrigued Jeff, and he feels privileged to help solve financial challenges, finding new ways to help business thrive. Jeff has a broad-based banking background, spanning manufacturing, real estate and ag lending.

Keith Gordon Joins MidCountry Bank as St. Cloud Market President

January 21, 2021

MidCountry Bank continues its commitment to community with the addition of Keith Gordon in a new role as Market President in St Cloud. With nearly 15 years in banking and an educational background rooted in Finance, Keith is a valuable resource for his clients. His diverse industry experience allows him to analyze a business plan, offer new perspective and propose strategies to achieve growth objectives now and in the future. Keith has been a resident of Central Minnesota for nearly a decade.

MidCountry Bank Supports American Red Cross Service to Armed Forces Program

January 1, 2021

The American Red Cross is recognizing MidCountry Bank, headquartered in Bloomington, MN, for supporting the Red Cross Service to the Armed Forces Program through a commitment of $100,000. This gift enables the Red Cross to provide emergency communications, family services and hospital support to service members, veterans and their families.

MidCountry Bank Supports Folds of Honor Mission of Educational Scholarships in Minnesota

October 19, 2020

For a second year, MidCountry Bank has provided a financial grant to Folds of Honor, an organization that provides scholarships to family members of military men and women who have fallen or been disabled while serving our country on active duty. This year’s fundraising event surpassed its goals, raising over $500,000 for this important cause. MidCountry donated $50,000 to this organization for Minnesota military families.

PenFed Foundation Receives $100,000 Donation from MidCountry Bank To Further Mission of Financially Empowering Military Community

September 28, 2020

The PenFed Foundation, a national 501(c)3 founded by PenFed Credit Union, announced it received a generous $100,000 donation from MidCountry Bank to empower military members, veterans and caregivers with financial stability and opportunity. The funds will be used to provide members of the military community with emergency financial assistance, help veterans achieve the dream of home ownership and support investments in veteran entrepreneurs.

MidCountry Bank Donation Supports Effort to End Veteran Homelessness

August 13, 2020

Minnesota Assistance Council for Veterans (MACV) was founded in 1990 with a mission to end homelessness for those who served our country. Since its inception, the efforts of MACV have effectively cut our homeless veteran population in half in the state, but the need is still great. MidCountry Bank has renewed its support of this effort with a $100,000 donation intended to fund programs that help homeless veterans with individualized plans to gain stability and eventual independence.

Central Minnesota Chapter of Habitat for Humanity and MidCountry Bank Partner on Veterans Build Project

July 30, 2020

Central Minnesota Habitat for Humanity and MidCountry Bank have renewed their partnership to build safe and affordable homes for military veterans and their families. A $100,000 grant made by MidCountry Bank in July marks its second engagement with Habitat in Central Minnesota, and brings total bank contributions to this initiative to $175,000. “We are so grateful for MidCountry’s care and support of service member causes, and of course this major gift and partnership in our local community. This provides important funding to complete our second Veterans Build in the area and anchor funding for a third. Our vision is to continue to serve the need for homes for veterans in the years to come,” commented Rick Nelson, Central Minnesota Habitat’s Executive Director.

MidCountry Bank Makes Contribution to Veteran Outreach Program Launched by YMCA of the North

July 28, 2020

MidCountry Bank has been a longtime supporter of the YMCA programs in Minnesota, with contributions of time, talent and financial support reaching back over 18 years. While all the programs it supports are varied and valued in the communities served, the Veteran Outreach program, piloted in 2016, drew special interest for MidCountry Bank. This unique program supports service members, military families and veterans with free and discounted programming, resources for mental health and brain injury support in conjunction with the Minnesota Brain Injury Alliance, and service project coordination with the local VA Medical Center and Minnesota Assistance Council for Veterans (MACV). To further its mission, MidCountry Bank made a $100,000 grant in late June, providing critical funding at a time when the need is especially great. The growing program is currently serving over 900 veterans and family members.

5-Star Rated MidCountry Bank - One of the Nation’s Strongest Banks

March 20, 2020

BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, commends MidCountry Bank, Bloomington, Minnesota on its achievement of another 5-Star Superior Rating. Not only has MidCountry Bank earned Bauer’s highest (5-Star) rating for financial strength and stability, it has maintained that top rating for 17 consecutive quarters. Earning this 5-Star rating indicates this bank closed out calendar 2019 excelling in areas of capital adequacy, profitability, asset quality and much more.

MidCountry Bank Honored For Community Involvement 2020

February 25, 2020

MidCountry Bank is one of forty Community Champions that worked with hundreds of organizations in their communities, providing funding, volunteers, materials, supplies, or food for their neighbors. Recipients of the recognition range in size from small community banks to large banks with multiple branches.

Lisa Franxman Joins MidCountry Bank as Hastings Market President

February 3, 2020

MidCountry Bank is reinforcing its commitment to community with the addition of Lisa Franxman, Market President in Hastings. Lisa is a relationship banker with over 20 years’ experience. A long-time resident of Dakota County, she is a leader in the business community, and looks forward to making valuable connections with and for others. Lisa has experience with diverse businesses, from manufacturing to professional services, and will oversee personal banking at the Hastings branch as well.

Brett Neuleib Joins MidCountry Bank as Senior Commercial Banker

January 28, 2020

MidCountry Bank continues expansion in the Commercial Banking arena with the addition of Brett Neuleib, a relationship banker who knows the Twin Cities business community, and has over 12 years of experience developing creative Commercial & Industrial financing solutions. Commercial Banking Group Manager AJ Austerman is pleased to introduce his newest hire, “I have known Brett for 12 years, and success follows him in whatever he does. I expect Brett to bring the same discipline and enthusiasm to MidCountry Bank that has consistently marked his career.”

MidCountry Bank Supports Glencoe Family with a Habitat Home

October 1, 2019

MidCountry Bank is pleased to offer both financial support and a volunteer crew to make a new home a reality for a local Glencoe family. Partnering with Habitat for Humanity and other local community organizations, MidCountry understands the significance of a safe and healthy home. This build, expected to be completed by April 2020 will be handicap accessible, a feature crucial to meet the needs of the new homeowners with two young children.

Neighborhood Promise Assists Homeless Veterans

August 22, 2019

In a unique partnership, MidCountry Bank joined Every Third Saturday, Minnesota Assistance Council for Veterans (MACV), and Rebuilding Together Twin Cities (RTTC) to help make a new social services venue in South Minneapolis a reality.

Rebuilding Together Twin Cities ‘Banks’ on Volunteers to Revitalize Home of Disabled Minneapolis Women

July 19, 2019

Rebuilding Together Twin Cities and employee volunteers from three financial institutions have worked side-by-side over the last few weeks to provide critical home repairs for a South Minneapolis woman. The final phase of the multi-part volunteer project will take place on Tuesday, July 23.

MidCountry Bank Announces Launch of New Website

April 17, 2019

MidCountry Bank, a regional community bank with 13 branch locations in central Minnesota, is excited to announce the launch of its newly designed www.MidCountry.bank website. With access to the same great services and resources they are used to, customers will now experience a fresh new online look and feel!

MidCountry Bank Named 5-Star Financial Organization

April 5, 2019

BauerFinancial, Inc. the Nation’s Premier Bank Rating Firm, salutes 5-Star MidCountry Bank, Bloomington, MN for its continued financial excellence. Not only has MidCountry Bank earned Bauer’s highest (5-Star) rating for financial strength and stability, it has maintained that top rating for 13 consecutive quarters. Earning a 5-Star rating indicates this bank excels in areas of capital adequacy, profitability, asset quality and much more.

Chris Vosbeek Joins MidCountry Bank as Chief Financial Officer

March 19, 2019

MidCountry Bank is pleased to announce that Chris Vosbeek joined its executive team as Chief Financial Officer. Chris built his career with extensive leadership experience in the banking industry. Additionally, he served as President of Habitat for Humanity of Minnesota (HFHMN) for the past three years. HFHMN is a Community Development Financial Institution providing loan and grant funding for 30 Habitat for Humanity affiliates across Minnesota. His collaborative approach and straight forward management philosophy provides an ideal entry into MidCountry’s corporate culture.

MidCountry Bank Receives Community Champion Recognition

January 24, 2019

Our team members have a long history of being engaged in their communities, making them a better place to live and work. Once again in 2019, our collective efforts are being recognized by the Minnesota Bankers Association, showcasing MidCountry Bank as an organization that represents what community banking is all about.

Homeless Veterans Benefit from MidCountry Bank Donation

January 16, 2019

Minnesota Assistance Council for Veterans (MAC-V) was founded in 1990 with a mission to end homelessness for those who once served our country. MidCountry’s donation will help fund programs that place homeless veterans in transitional group housing while case workers help them with individualized plans to gain stability and eventual independence.

MidCountry Supports Project Got Your Back

January 8, 2019

Project Got Your Back seeks to serve as the backbone organization in Minnesota to grow and sustain collective impact to support all MN military, Veterans, their families and caregivers. The newest project, sponsored in part by MidCountry Bank is the creation of a website called the MN Military & Veteran Exchange.

MidCountry Bank Acquired by MN-based Investors Group

November 30, 2018

MidCountry Bank (MCB), headquartered in Bloomington, MN, is pleased to announce the successful closing of an ownership transaction in which the community bank, and its subsidiaries and divisions, will be acquired by MidCountry Acquisition Corp. First announced in June, the transaction was subject to regulatory approval and other customary closing conditions which have now all been completed.

MidCountry Bank keeps its focus on its community

September 1, 2018

MidCountry Bank is honored to be selected as the Reader Rankings Best in Class Commercial Mortgage Lender by Finance & Commerce.

Local Habitat for Humanity and MidCountry Bank Partner for Veterans

July 1, 2018

Central MN Habitat for Humanity and MidCountry Bank announced their partnership in building a house for a military veteran and family. As a major sponsor of the build, this marks the Bank’s first engagement with Habitat in Central Minnesota, but not their first involvement in support of projects supporting veterans and their families in the Midwest.

MidCountry Bank Acquired by MN-based MidCountry Acquisition Corp.

June 13, 2018

MidCountry Bank (MCB), headquartered in Bloomington, Minn., announced today a purchase agreement in which this regional community bank will be acquired by MidCountry Acquisition Corporation, a bank holding company based in Minneapolis and owned by local investors.

Todd Streed Promoted to Senior Vice President, Commercial Lending Manager

January 15, 2018

Joining the Executive Committee at MidCountry Bank, Todd Streed was promoted to the role of Senior Vice President, Commercial Lending Manager in January, 2018. Streed’s career brings over 20 years of professional experience in commercial banking and commercial real estate.

MidCountry Bank Makes Contribution to Veteran Project Partnership with Rebuilding Together Twin Cities

December 6, 2017

MidCountry Bank has been a longtime partner with Rebuilding Together Twin Cities (RTTC), with contributions of time, talent and financial support reaching back over 12 years. While the partnership between MidCountry Bank and RTTC is not new, the focus of Veteran projects is a first for MidCountry.

MidCountry Bank Completes Hutchinson Consolidation Plan

October 23, 2017

The long-awaited consolidation of branch facilities is nearing completion for MidCountry Bank. On Monday October 23, 2017 a newly constructed detached Drive Thru will open to the public on the east side of the 200 Main Street, providing 3 lanes of teller service and a conveniently relocated ATM.

MidCountry Bank Adding Services to Downtown Branch Location

August 1, 2017

Residents of Hutchinson, and those who frequent the downtown business district, have likely noticed construction activity taking shape at the MidCountry Bank branch, located at 201 Main Street South. Ground broke on a new Drive Up canopy began in July, and is expected to conclude by mid-October.

White Bear Lake Chamber Welcomes MidCountry Bank

April 1, 2017

MidCountry Bank enjoyed a full house on Wednesday evening, April 5th for the White Bear Lake Chamber of Commerce ribbon cutting ceremony. After several years of operation as a business office rather than a full service branch, it presented a great opportunity to showcase the full service offerings and newly remodeled office space occupying the Birch Lake Professional Building, just off Highway 96.

Progress Minnesota Event Celebrates Innovation and Growth

April 1, 2017

Now in its sixth year, MidCountry Bank was thrilled to partner once again with local publisher Finance and Commerce to sponsor the Annual Progress Minnesota event. This unique program honors those who are driving business and industrial growth and economic development in Minnesota in unique and innovative ways.