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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. 

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.

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.

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.



Minnesota Housing Top Producing Loan Officers

for Home Improvement Loans for 2021

                                                     Adam Dahlquist                                 Lisa Pfeifle                              

                                                           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. 

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