ABOUT
US
Mission Statement of Profinium Financial
Our Locations
Profinium Financial – Our History
Martin County National Bank of Fairmont
Peoples State Bank of Truman
The Creation & Defining of Profinium Financial
Profinium Financial Board Members
Welcome From the CEO

Mission
Statement of Profinium Financial

Our Locations
Fairmont Location
105 Lake Ave
PO Box 848
Fairmont MN 56031-0848
Map
Phone 507-235-5538
Fax 507-235-5501
Operations Phone 507-235-7639
Operations Fax—507-235-3805
Toll Free 800-254-6197
Lobby Hours
M-F 8 a.m. to 5 p.m.
Drive-up Hours
M-F 7:30 a.m. to 6 p.m.
Sat. 8 a.m. to Noon |
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Martin County National Bank has been a part of the Fairmont community since 1875. It was and still is the largest bank in Martin County. In 1999 owners, the Albert L. Ward family sold the bank to the Fred C. Krahmer family. The Krahmers also owned Peoples State Bank of Truman and in 2003 they merged the banks under one name and charter. That is when we all became Profinium Financial!
With an eye toward the future our name does not tie us to one city, county or even state. The trademarked name comes from the phrase “PROfessional FINancial Solutions for the new MillenIUM”. It embodies our goals to grow and expand so that we can provide superior service and the best products to our customers. Our size allows us to offer a wider array of services, support the communities we operate in, and compete in the new global market while still providing that hometown, friendly service our customers have always known. |
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Truman Location
414 N 5th Ave E
PO Box 400
Truman MN 56088
Map
Phone 507-776-2311
Fax 507-776-2781
Indirect Loan Dept Fax
507-776-4013
Toll Free 888-200-3288
Lobby Hours
M-F 8 a.m. to 5 p.m.
Drive-up Hours
M-F 7:30 a.m. to 6 p.m.
Sat. 8 a.m. to Noon |
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Our Truman office is located on the north edge of Truman right on Minnesota Highway 15. After
being on Truman’s main street as Peoples State Bank since 1916 we built a new office in 2003. Profinium Financial has been a vital part of Truman’s economy over those years and continues to be a community supporter and leader.
“Our Mission for our community is to promote its future with our time, talent and resources.” |
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Owatonna Location
1080 W Frontage Rd
Owatonna MN 55060
Map
Phone: 507-444-0111
Fax: 507-444-0112
Toll Free: 800-254-6197
Lobby Hours
M-F 8 a.m. to 5 p.m.
Drive-up Hours
M-F 7:30 a.m. to 6 p.m.
Sat. 8 a.m. to Noon
Profinium Financial Advisors
328 North Cedar Ave
Owatonna, MN 55060
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Our Owatonna office is conveniently located at the intersection of Highway 14 and I-35 on the western edge of Owatonna. We are in front of Lowes and next door to Kohl’s. After breaking ground on this new building on October 18, 2005, we opened our doors for business on March 27, 2006. In May, we held a two-day open house to welcome the community into our building. Profinium Financial is proud to be a part of the growing community of Owatonna. Please come in and get to know us. We can provide for your every financial need—checking, savings, loans, mortgages, Home Equity Lines of Credit, CDs, HSAs, Business/Employee Priority packages, investment and trust services, and insurance.
We have expanded our services to include an Insurance office and Mortgage office that are located at 328 North Cedar Ave.
Our Vision is “Achieving Financial Dreams Together”. We would love to help you achieve your financial dreams! |
Profinium
Financial– Our History
On October 24, 2003, two community banks with a combined
history of over 215 years merged to become one state bank, Profinium Financial.
We are an institution that has always taken pride not just in our ever
expanding branches, but in our deep roots. Our history and connection
to our communities is what makes us what we are today. We offer you a
bit of our long and cherished history.
Martin County National Bank
of Fairmont
The history of Martin County National Bank of Fairmont really
begins with the arrival of our founder, Albert L. Ward to the Midwest.
Mr. Ward, a native of New York, had faithfully served the Union Army as
a New York Volunteer Infantryman during the U.S. Civil War. Upon receiving
an honorable discharge in the spring of 1864, he set out across the country
at the age of 22 to visit friends who had immigrated to southern Minnesota,
the land of new opportunities. He arrived in the city of Winnebago and
immediately inquired at the local federal grant office as to available
land. Surveying the options, he selected a rolling 160 acres in section
nine of the new Fairmont Township. He arrived to first see his new land
and our fledgling community on April 28, 1864. Mr. Ward was immediately
stunned by the unique beauty of the lakes and landscape. In an article
written on April 28th, 1924, the 60th anniversary of his arrival, Mr.
Ward recalled his awe of the place he would spend the rest of his days:
"When we wound in around the prairie slough from
the northeast and drove the ox team up on the ground where the courthouse
grounds now are, the sun was near it setting on a perfect spring day;
the evening rays shining through the freshly leafed trees and over the
silvery waters made what I thought to be the most beautiful scene I
ever beheld. I decided that here I would stop and spend my lifetime,
and I've been here ever since-and the sunsets still seem as beautiful
as the one which I admired the day I arrived."
During his first summer in the Midwest, Mr. Ward harvested
hay from the property he had homesteaded and sold it to the government
for the troops stationed at Fort Fairmont, where the present Martin County
Courthouse now sits. Demonstrating his life long industriousness, within
six months he started a general merchandising business, a legal practice
and continued to invest heavily in the rich local farmland.
In 1874, Albert Ward sold his interest in his legal practice
and redirected his efforts to the burgeoning business of banking. On January
1, 1875 the Martin County National Bank received its charter as a new
state bank serving the now growing Martin County population. As president
and primary shareholder, Mr. Ward invested the hefty sum of $700 into
a new building. He chose to locate our bank near old Fort Fairmont on
the hill overlooking Lake Sisseton, a few feet from where our present
building now stands. Shortly thereafter, Martin County National Bank moved
into a larger facility nearby and began conducting its business from the
first “new” building in 1878.
Throughout his time with the bank Mr. Ward worked to build
the community and serve our customers. His tenure as president lasted
until his death in 1931. By the time of his death he had become the main
shareholder in five local banks and acquired substantial land holdings.
Since our prodigious founder’s passing, we have had only six presidents
lead our Fairmont branch.
Our second Fairmont president, Elmore Houghtaling, lead
our institution from 1931 until 1953. He originally came to Fairmont with
his parents when he was 15 years old. Elmore Houghtaling was selected
as president as a result of his many years serving on the bank's board
of directors.
Our third president was Chris Holden. Mr. Holden, our first
native born president. He honorably served one and a half years in France
and Germany during World War I. Upon his return, Mr. Holden studied bookkeeping
and general accounting at Mankato Commercial College. After initially
working for the Farmers Elevator in Ormsby and the Montery bank, Mr. Holden
joined the bank staff shortly thereafter. Mr. Holden presided over the
bank during challenging and changing times, including the great depression.
At his retirement in 1977, the bank had grown to employ twenty-six employees.
Maynard Kastning served as our fourth president from 1977
to 1986. Mr. Kastning was widely known for his commitment to helping customers
and aiding the growth of our community. He retired in 1986 but continued
to serve on our board of directors for many years after.
Curt Nelson served as president from 1987 until 1999. During
his time at the bank, he served with integrity and loyalty. Under his
presidency the bank weathered the difficult farm crisis of the late 80s.
With the direction of the Ward family and the board of directors, the
bank decided it had outgrown its now aged redstone building and decided
to more than triple its size. In 1991 the beautiful bank building you
see today sitting on the bank of lake Sisseton was completed and opened
to the public.
The year of 1999 brought a variety of changes to Martin
County National Bank. Gary Hoehn became the sixth president of the Fairmont
branch in 125 years. That same year, for the first time, control of the
bank changed from the Ward family to the Krahmer family, long-time Fairmont
natives. The Krahmers, who officially purchased the bank in December of
1999, have been involved in the banking industry for over 30 years. In
selling their controlling interest to the Krahmers, the Ward family fulfilled
their desire to keep the bank locally owned and commitment to the future
of the community.
Throughout the history of Martin County Bank, the longest
in the county, our asset size grew as we won over more and more customers.
In 1910 our total assets were $731,000. Over the next few decades we grew
faster and faster:
1920 $1,468,000
1960 $6,923,000
1980 $40,234,000
1990 $79,872,000
2000 $136,491,000
By 2003, we changed direction again, becoming one with Peoples
State Bank of Truman and changing our name to what you now know us as.
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Peoples State Bank of Truman
Peoples State Bank of Truman was founded in May of 1916
by a group of eight investors: L. J. Hinton, J. E. Stockman, B. J. Dallman,
P. M. Dickerson, Henry Brownlee, Andrew Levik, August Ebert and L. A.
Smith. They opened for business June 14, 1916 with two other competitors
already in existence: the National Bank owned by Albert Ward, and Truman
State Bank.
The first bank building was purchased from Hamm Brewing
Company of St. Paul for $6,000.00. At the time the Truman bank was incorporated
it was permitted to accept total deposits of up to $240,000.00 with capital
contributed of $20,000. Its actual assets totaled $152,109. In 1916 interest
paid on a 12-month certificate was 5%. By 1920, three banks in a town
of 752 were too many. The Truman State Bank and the National Bank merged
to form the Truman National Bank.
Peoples State Bank and Truman National Bank merged on March
30, 1946, and the Peoples State Bank then moved into the building formerly
occupied by the National Bank. The former State Bank quarters were then
rented to the postal department as the Truman Post Office.
Peoples State Bank moved into its different banking quarters
in 1956 on the corner of today's Central Avenue and Ciro Street, which
was known at one time as Silk Stocking and Main Street. The old bank building
was sold to the Erickson Law Firm and later housed State Farm Insurance.
During the time this building stood empty, it was leased to the Truman
School for classroom purposes as the new school was being built.
In 1979 L. J. Hinton's son-in-law, Donald “Barney”
Huemoeller purchased all of the bank stock. Years later, after shaping
the bank to match his warm and energetic personality, he retired and sold
the bank to Fred C. Krahmer, a business partner and friend.
There have been eight presidents of the Truman branch: J. E. Stockman
1916-1944; B. J. Dallman 1945-1969; E. A. Fenrick 1969-1972; Perry M.
Hinton 1973-1978; Donald “Barney” Huemoeller 1979-1986; Jerry
D. Teig 1987-1996; Ove S. Oren 1997-2003; and Gary Pawlitschek, 2003 to
present.
From our humble beginnings with assets of $152,000, we grew
with accelerating speed until 2003 when we exceeded $50,000,000 of total
assets. With the change in asset size, came a change in total employees
and technology needs. Our banking building in downtown Truman was no longer
sufficient. In late 2003 we moved our bank onto Highway 15 to where you
now know it to exist. We added two drive through windows and expanded
our lobby and conference room.
With a new facility and a desire to continue our growth,
we joined with our sister bank Martin County National Bank to become one
financial institution: Profinium Financial.
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The Creation & Defining
of Profinium Financial
After working together as sister banks for nearly four years,
the Krahmer family and the board of directors of the institutions believed
it would benefit our customers and improve the banks if we merged into
one. In merging two equals, it was agreed there would have to be a new
name to help define what we desired to accomplish.
The executive committee set out the following rules for
the new name: It could not be our existing names; There could be no winners
and losers in this merger of equals; It could not be a prominent name
others had already placed meaning upon; It had to be an empty cup open
for us to fill with meaning; It could not denote a particular location
or particular market; and It had to be a unique and memorable moniker.
After soliciting the assistance of experts, and employees,
our demanding rules for the name led us to PROFINIUM FINANCIAL: Professional
Financial Solutions for the New Millennium. Our name is meant to evolve
and grow with meaning, such as other invented names just as Pepsi and
Microsoft have grown to hold deep meaning and an identification with superior
quality. As a trademarked name, we own it exclusively, not just in our
local community, nor just within Minnesota, but nationally. We believe
it will grow to reflect exactly who and what we are: unique, innovative,
professional and serving all financial needs. Under our new name and united
into one bank we seek to become the defining statement of the future of
community banking: delivering the highest quality service, making decisions
locally, all while actively participating in the growth and general welfare
of the communities we serve.
We look forward to another 215 years as a growing and prosperous
community bank, dedicated to serving all of the financial needs of our
communities.
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Profinium
Financial Board Members
The board members of Profinium Financial are:
Fred C. Krahmer - Chairman
Fred W. Krahmer - Vice Chairman
Gene Tonne - Director
Ray Stawarz - Director
Larry Swanson - Director
Marques Doppler - Director
Michelle Krahmer - Director
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