Independent Banker - April 2020 - 62

CEO and
president Brad
Becker (far right)
and several ONB
Bank employees
pose for a photo
in the community
bank's brandnew
Stewartville,
Minn., branch
(pictured below).
ONB Bank:
A LOGICAL FOOTPRINT EXPANSION
W
ith assets of $120 million, ONB Bank in
Rochester, Minn., is another community
bank that sought opportunities to grow via
new branches. " We have just opened a new branch
in Stewartville, a town about 10 miles south of our
headquarters, " says Brad Becker, president and CEO.
Prior to the Stewartville location, ONB Bank had two
other locations: its headquarters in Rochester and one
branch facility in the same city.
The community bank looked at a number of factors
when deciding to expand to Stewartville. For one,
Stewartville is a growing community with a strong
local employment base. Another factor was that a
large national bank had just closed a branch there.
" In addition, several of our current staff grew up in
Stewartville and still live there, " Becker says. ONB Bank
also had the opportunity to hire someone from that
town to manage the branch, and about 10 of the bank's
shareholders live there. Last but not least, about 20 years
ago, when Becker, a former field examiner for the FDIC,
was getting his MBA at Winona State University, he wrote
a paper about the potential of opening a new bank in
Stewartville. He saw it as a growing community with a
62 Q ICBA Independent Banker Q April 2020
strong employment
base in need of a
locally owned bank.
" We are now doing
something I actually
started thinking
about 20 years ago, "
he says.
ONB Bank opened a temporary branch in Stewartville
in February 2019 and broke ground for the permanent
location in August 2019. Even before that, employees
at the temporary location were getting involved in
community activities, such as the United Way Running
Start for School drive.
The new permanent ONB Bank branch opened
in December 2019. While this new branch features
technology such as mobile banking and remote
deposit, Becker is committed to the idea that personal
relationships are what make branches successful.
" This is especially key, since many of our own people
live there, " he says. As a result, he plans on using what
he calls the " good old-fashioned habit of knocking on
doors and getting to know people. "

Independent Banker - April 2020

Table of Contents for the Digital Edition of Independent Banker - April 2020

Table of Contents
Independent Banker - April 2020 - Intro
Independent Banker - April 2020 - Cover1
Independent Banker - April 2020 - Cover2
Independent Banker - April 2020 - Table of Contents
Independent Banker - April 2020 - 2
Independent Banker - April 2020 - 3
Independent Banker - April 2020 - 4
Independent Banker - April 2020 - 5
Independent Banker - April 2020 - 6
Independent Banker - April 2020 - 7
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Independent Banker - April 2020 - 70
Independent Banker - April 2020 - 71
Independent Banker - April 2020 - 72
Independent Banker - April 2020 - 73
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Independent Banker - April 2020 - Cover3
Independent Banker - April 2020 - Cover4
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