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Top Three Benefits of Working with A Small Bank


Minnesota National Bank is a vibrant and growing community bank operating in the Sauk Centre, Long Prairie and Pelican Rapids markets. Like the fatherly advice you may have received once while sitting on the end of a dock, Minnesota National Bank prides itself in getting to know our customers and providing advice to help you make better financial decisions.

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Here are our top reasons why we think working with a small bank is more beneficial.

1.   Employees know you by name

When you come into Minnesota National Bank, you will know that we strive to be as involved and informed about our communities as possible. We don’t believe that a successful bank can make it without knowing the people they are serving. It’s extremely important to have a personal relationship. We want to be the bank that you invite to your neighborhood barbeque.  

2.    Small town banks give back to the local community

At Minnesota National Bank, giving back to our community is a major priority. We host a variety of community events, are involved in local community organizations, and support numerous community projects. The fortunes of local banks are intimately tied to the fortunes of their local communities. We encourage people to bank with us because their money is helping their local economy grow. Click here to see some pictures and more descriptions of our community involvement.

3.    Small town banks are here to help you at every stage of your life

This relates to our first reason, since we know you every step of the way, we will know exactly what you need, depending on what type of person you are. We will grow with you in your endeavors and accomplishments. We will be professionals in whatever caters to your needs. We can help you from every aspect of your life, whether it is a beginning student with questions about finances or to retirement, and every step in between! 

Summer Festivals in Sauk Centre, Pelican Rapids, and Long Prairie


One bank. Three towns. Minnesota National Bank knows how to do community.

Summer is the ultimate season for outdoor activities and events. There is so much to do and people should be taking full advantage of the beautiful weather and community events.

All three towns, Sauk Centre, Pelican Rapids, and Long Prairie host citywide festivals/fairs at some point in the summer!

Sauk Centre hosts its 43rd Annual Sinclair Lewis Days on July 14-21 this summer. Each day of the fair has something special planned. Some examples of what you’d find include music, fireworks, parades, ice cream socials, craft fairs, street dances, car shows, and a River Bats water ski show! This isn’t even half.  There are tons of activities for all ages.


Pelican Rapids hosts its Pelican Fest for two days this summer, July 12th and 13th. It has formerly been called “Turkey Days”. This event is also great for all ages, with activities such as a parade, turkey BBQ, beer garden, helicopter ride, ice cream social, and of course, a turkey race. 

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Last but not least, Long Prairie will host the Todd City Fair on August 14th-18th.  Join in the fun! There will be food stands, carnival rides, animals, bike shows, games, music, and more.

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All three fairs are more than one day long, so there is no excuse to miss, you can bet our staff will be in attendance! 

Summer is A Time of Spending


Family vacations, summer camps, higher food bills, updating wardrobes and high electric bills can do some damage on your account but it doesn’t have to!

The beautiful weather puts all of us Minnesotans in a great mood and it’s when we want all of those fun outdoor toys. We wanted to create a blog post dedicated to suggesting money saving tips for the summer season. Because we are community focused business, and we want the best for everyone that banks with us and to be able to keep more but still get just as much. It’s hard for families to keep everyone happy but still stay within budget.

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Everyday Tips

  • Cook outside. Using the stove or baking in the oven can create a lot of excess heat that has nowhere to go except in your house.
  • Dry your laundry outside if able.
  • Replace air conditioner filters or better yet, turn it off, especially if you aren’t home.
  • Avoid using your car when possible, you’ll save gas and burn some calories in the process.

Family Activities

  • Take the kids out to a national park and enjoy the nature with a picnic, way cheaper than seeing a movie!
  • If on vacation, always check if kids eat and stay for free, as many brand name hotels are in on the great deal.
  • Check out what’s going on for free in your city, there is sure to be free concerts, parades or festivals.
  • If visiting theme parks is on your horizon, search the Internet for online coupons or deals before committing, there is bound to be promotions online.  Also, look for bundle packages if available!

Something that is really important is to plan your spending ahead of time! Decide what is a priority as far as what you and your family wants to do in the summer. Feel free to contact us if you need some help budgeting.

How we are an active part of our communities: http://www.mn-bank.com/community


MN National Bank Community Shred Days and Open Houses


Come one, come all!

At MN National Bank, customer service is huge. We like to show our customers we care which is why we are having a “Customer Appreciation Open House” at all three locations! It’s a great opportunity to meet our staff and hang out with others in your community. The events are also in support of our farmers and businesses! All of the events will have a secure document shredding company coming. It’s a way to show how much we appreciate all of our customers and make sure that their identities are safe too!

The following events include:

  • Sauk Centre Open House- Friday June 14, 11 am-2 pm, with turkey/pork sandwiches, ice cream and all you can drink milk
  • Long Prairie Open House- Friday June 21, 11 am- 2pm, with turkey/pork sandwiches, ice cream and all you can drink milk
  • Pelican Rapids- Friday June 21, 11 am- 2pm, with ice cream shakes

It’s the least we can do for our customers and we are excited to host an event in which customers are the main focus. We strive to have a friendly atmosphere at our businesses and also have a goal to make sure we have a positive relationship with our community.



We Make It Easy to Open A Student Checking Account


Graduation season is here and so is the opportunity to open student checking accounts. While it may be the last thing on new graduates’ minds, it is still a crucial step after high school. Handling finances may seem stressful, and even intimidating. At MN National Bank we strive to make it a positive experience for everyone involved. It’s important to build a durable and trustful relationship with the bank you do business with.

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Creating a student checking account will be beneficial short term and long term. We understand that dealing with finances can be confusing. Even if you’re planning on moving away, banking with people you know and can count on will definitely make your life easier.

Until August 31, 2013 when you open a student checking account, we will deposit $5.00 into your account every month until the end of 2013. The only requirement is you have to apply for a debit card, sign up for e-statements and keep the account in good standing. With our debit cards you can access In-Balance ATMS and Money Pass ATMS surcharge free. We will also give you free checks on your first order!

At MN National Bank, we focus on the quality of service we provide and making the world of banking much less of headache for you. Stop in to Minnesota National Bank today.


Spring Into Action


We all know how unpredictable Minnesota weather is, we think it’s safe to say that spring is finally here! For most people, this marks that it is time for that daunting but much needed task: spring cleaning. Though it can be very tiresome, spring cleaning gives you an opportunity to throw open the windows, let some fresh air in, and make your home clean, happy and spacious inside and out again. What most people don’t realize, though, is that spring can also be a great time to tidy up your finances. Spring cleaning your finances is a bit like going to the dentist – we don’t particularly like to do it and should probably do it more often. However, the more regularly you do it, the less chance there is of a painful surprise.


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One way to do this is to get rid of clutter. Just as you do around the house, spring is a good time to go through your finances and toss out things that no longer fit your life, such as a cable or magazine subscription. Another way to reduce the clutter is to sweep away those winter bills. If those holiday bills are still haunting you, this is a good time to get rid of them. Some great ways to make some extra money is to plan a garage sale, sell stuff online or even volunteer for overtime at work.


Another great way to spring clean those finances is to begin organizing for next year’s taxes. Create a folder, paper or on your computer, to hold all valuable information including all of the charitable deductions you make throughout the year. The same can be done with your spending. By keeping track of every penny, it will give you some perspective on how much money you can or can’t spend at any given time.


Spring time, especially in Minnesota, is a time of renewal and rejuvenation. It is a time to clear out the old and prepare for the year ahead. By spring cleaning your finances, you can weed out finances holding you down, organize your present situation and set yourself up for an easier, more relaxing future. Enjoy your spring everyone!

What Exactly Is The Debt Ceiling?


As the presidential election has come and gone, there was constant buzz about the topic of the Fiscal Cliff, the U.S. government’s plan to make changes to our nation’s budget in an attempt to keep this country out of a recession. Now there is a new topic being discussed: The Debt Ceiling. So what exactly is the debt ceiling? Let’s start with the basics.

To understand the debt ceiling (also known as the debt limit), one must know that the United States splits financial responsibility between the President and Congress. The President has two jobs when it comes to finances: 1) to collect taxes and 2) spend those taxes to run the government. Though it may seem like the President has complete power, in actuality, the President takes orders from Congress. Congress’ job is to set the tax level and determine how much the government will spend by making a budget. As a result, whatever Congress decides to spend money on is what our taxes are used for.

The Problem: Congress puts more money into the budget than what is collected through taxes, which forces the President to borrow money in order to cover the difference. Because our nation has been in debt for such a long period of time, Congress also has the power to limit how much total debt the United States can have. It’s important to note that the debt ceiling is not a limit on future spending, but about paying bills that have already been incurred. For example, the Government asks a company to repave a highway. However, if the debt ceiling is reached after the work is already done, they do not have the money to pay that company. This shakes trust in the United States, which in turn affects the entire world because large parts of the global economy rely on the American Dollar being stable.

Though it is unclear what the best solution to this financial mess is it seems that Congress will, once again, raise the debt ceiling to avoid panic, something they’ve done dozens of time in the past.



I won an iPad! Now what?


1. Nerf Gun Target. Put on a home movie video. When your wierd cousin appears...he is your target!

2. Virtual Aquarium. Download a fish aquarium video. They are easy to find. Boom. Instant Virtual Aquarium.

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3. Entertain your cat. Cats love aquariums. See above.

4. Karaoke Machine. Download USing Karaoke. Download up to 300,000 songs. Go nuts, scare your neighbors.

5. Mood Lighting. The iPad has plenty of apps that will set the mood just right for you, with shifting colors or solid tones. Woo your girlfriend/boyfriend as only an Apple Fanboy/Fangirl can. 

6. Fireplace. Yes, of course. There is an iPad app that simulates a fireplace. Now you don't have to wait for the holidays to watch a fireplace on television!

7. We heard one guy even used it to surf the web!

So, there you go. Enter our contest and enter to win an iPad. Your cat will thank you.

5 Reasons it Could be the Opportunity of a Lifetime to Buy a House


I recently read an article in Time magazine that talked about how this could be the “opportunity of a lifetime” to buy a house. As many of you are aware, the recent recession had a great impact on real estate, which on average lost a third of its value. However it appears that home values are going back up.

Minnesota National Bank home loans

If you are interested in buying a home and expect to stay in it for at least a decade, there are several reason why the current housing market offers an exceptional opportunity. Consider these five factors:

1. Buying a home right now is cheaper than renting. Home prices and rental rates have risen, but rents are up more. Mortgage loan rates are at their lowest levels in more than 50 years. And given current prices and tax benefits, owning a home is cheaper than renting in almost every major U.S. housing market.

2. The mortgage interest deduction is unlikely to be eliminated. Tax reform proponents often call for curtailing the income tax deduction for mortgage interest, however the broad popularity of the deduction among homeowners greatly limits the extent to which the deduction can be modified. At most, the cap on the amount that can be deducted may be lowered, but probably not enough to affect middle-class homebuyers.

3. Home prices are very cheap but appear to be past a bottom. On a national basis, home prices are down more than 30% from their 2007 peak. Since the recession ended prices have recovered only a bit – but they aren’t getting any worse.

4. Eventual economic recovery will almost certainly boost housing prices. Following the recessions of 1973-75 and 1981-82, home prices rose by about 20% in real terms (i.e., not counting price increases from inflation) within seven years or less. The drop in home prices in the most recent recession was at least four times as large as the declines in those two previous recessions. As a result, the recovery is taking longer to get going, but the eventual rebound could be proportionately greater. Price increases resulting from inflation would be on top of those real gains.

5. A substantial amount of inflation seems likely at some point. Since 2008, Fed policies aimed at revving up the economy have more than tripled the basic money supply (including currency but excluding checking and savings accounts). In a simplistic sense, that means the potential exists for the dollar to lose up to two-thirds of its value. To prevent that, the Fed would have to drain much of money that it has added over the past three years. And that would be difficult to do quickly, because it would risk jacking up interest rates to a level high enough to cause another recession.

In short, since owning a home is typically cheaper than renting after tax benefits are considered, homebuyers would come out ahead as prices begin to rise as expected.

Get pre-qualified!

If you are interested in taking advantage of the market and buying a home, contact Minnesota National Bank. Our mortgage experts will help you determine how much you qualify for and what type of mortgage may fit you best. Or sign up for our rate watch so you can monitor changes in mortgage rates. 

Watching. Always. Watching.


We watch. Then we share. 

We are in the business of helping our customers successfully manage their finances. One of the tools we provide our customers is Rate Watch

Rate Watch, Interest Rates
We keep an eye on interest rates so that you don’t have to. When you sign up for this FREE service we will email you when interest rates reach your goal or if you prefer, we’ll email current rate information on a regular basis.
We will monitor Interest rates on the following financial products: 

  • Savings
  • Certificates of Deposit
  • Mortgage Loans
  • Consumer Loans 
  • Agriculture Loans
  • Business Loans
We are a community bank. We want to get to know our customers and provide valuable advice in order to help you make the best financial decisions.

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