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First State Bank Southwest

Our Two Cents

5 Reasons Why You Should Bank Locally


1. The money you put into First State Bank Southwest stays in your community.

2. We are involved with our customers and community.

3. We see the work the people do for our community.

4. We are an extraordinary small business just like our business customers.

5. When the community needs us, we are there for them. 

June Newsletter

Buying, remodeling, or refinancing a home?

That's where a community bank like us, First State Bank Southwest comes in. Our Mortgage Loan Officers
 Adam and Lisa can help explain what you can afford and expect during the process to buy a home.

Events in May

Worthington Community Football Club

We are sponsors of the Worthington Community Football Club. Our employees and their team got a picture before their game. 

Edgerton Office Cleans Up Ditches

Thanks to all who helped out!

MBA Leadership Development Academy Graduate

Brad Bruxvoort, First State Bank Southwest, a Graduate from the Minnesota Bankers Association Leadership Development Academy

Edgerton, MN – Brad Bruxvoort graduated from the Minnesota Bankers Association (MBA) Leadership Development Academy on May 19, 2022. This year-long program, which graduated a total of 23 bankers in 2022, provides in-depth skill-building for bankers preparing for critical leadership roles in their banks.  “The MBA Leadership Development Academy requires a significant commitment to professional and personal growth,” said Joe Witt, MBA President/CEO. “It is intensive and challenging. Graduates of this program should                                                  be very proud of this accomplishment and their determination to grow as individuals and bank leaders.”

Read More

Events in April

Cash Mobs

Every year we like to give back to the community. We have done cash mobs before, and it has always impacted the business we choose to mob! The employees love to go out and support our small business customers! Better keep your eyes open during business hours; the mobbers are out to get you!

Seed & Stem 12:27


Pizza Ranch

Minnesota Housing Top Producing Loan Officers

for Home Improvement Loans for 2021

                                             NMLS# 1670803                                 NMLS# 524963                                        

Worthington and Edgerton, Minnesota. – Adam Dahlquist, a Senior Mortgage Loan Officer, Lisa Pfeifle, a Mortgage Loan Officer, were named some of the Minnesota Housing Top Producing Loan Officers by Minnesota Housing for their Fix-Up home improvement loan production during 2021.

"We are extremely proud to have lenders from our banking organization recognized by Minnesota Housing for their commitment and dedication to helping our homeowner customers finance improvements and repairs to their homes," commented CEO Greg R. Raymo. 

2022 Community Pride Awards 

Congratulations to our 2022 Community Pride recipients from First State Bank Southwest! The award recognizes someone who has positively impacted our community by contributing time, talent, financial support, and leadership to our community and its citizens.



Community Banking Month

Friends enjoying barbecue outdoors.

We Have a lot to Celebrate during Community Banking Month

By Greg R. Raymo, CEO

In recognition of Community Banking Month in April, First State Bank Southwest reminds consumers why banking locally with a community bank matters.

First State Bank Southwest has been a leader in Southwest Minnesota for over 119 years, originating in Rushmore in 1903. When I was asked to identify the key ingredient that makes First State Bank Southwest special, I did not hesitate to answer... Read more, click the button below.

March Yourself into a Budget

A Monthly Budget

 By Abi Fest, Marketing Specialist

Starting today, grab yourself a notepad or the spreadsheet(Opens in a New Window) attached to this newsletter to manage your income. Write down expenses you had last month that are essential. Some examples are electricity, water, gas, and a mortgage payment.                                                         
The next step to elevating your process is writing down all the "extra" expenses throughout the year, such as birthdays, Christmas, wedding gifts, and vacations..... Read more, click the button below.


Our Two Cents Posts