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Our Mission

"We seek to satisfy the needs of our customers, community, and employees by providing the best source of financial service products in our market, while maintaining financial strength, adequate earnings, leadership, and integrity."


History

First National Bank of Milaca is a community bank headquartered in Milaca, Minnesota, with $270 million in total assets. The Bank was founded in 1897 and today has five offices located in Milaca, the Milaca High School (Wolves Branch), Isle, Gilman, and Zimmerman, focused on serving retail customers and small businesses in the communities it serves. Milaca is located approximately 60 miles north of the Twin Cities in Mille Lacs County. Gilman is in Benton County, approximately 15 miles west of Milaca. Isle is located on the east side of Lake Mille Lacs, also in Mille Lacs County. The Zimmerman office is located about 25 miles south of Milaca and approximately 35 miles north of the Twin Cities in Sherburne County.

The Bank has a strong history and tradition of service in the communities where it is located. The Bank has a passion for these communities and has earned a loyal customer following in well-established locations.

First National Bank of Milaca’s business model is to offer a full range of personal and commercial banking services to its customers. The Bank is committed to continue the path of balanced growth and profitability.

The Bank is owned by a bank holding company, Rum River Bancorporation, Inc. The stock of the holding company is closely held with a controlling interest held by four brothers, Eric, Andrew, Kirby, and Mathew Allen.

President's Welcome

Joe Tapp - President

"Serving your financial needs is our business."

First National Bank of Milaca has grown considerably since it was founded in 1897. We are now providing financial services to many generations of families to help fulfill their financial goals and dreams. We are proud of our accomplishments and the things that make us unique, including our emphasis on customer service, technology and community involvement. Inspired by our history and motivated by the vision of being the best source of financial service in our market, we look forward to a strong future.

I want to thank you for visiting our web site and thank you for your business. If you are not a customer of First National Bank of Milaca, I would like to personally invite you to join us and see how we can help you with your financial goals and dreams. We hope that you THINK OF US FIRST for any of your financial needs!

Sincerely,

Rachelle Nelson
President
NMLS # 775510

Meet Our Sales Staff

  • Milaca 320-983-3101
  • Isle 320-676-3154
  • Gilman 320-387-2233
  • Zimmerman 763-856-3626

CEO/President

Rachelle Nelson – photo

Rachelle Nelson

Milaca Office
CEO/President
NMLS # 775510
320-983-1358


Consumer Lenders

Zeb Dehler – photo

Zeb Dehler

Isle Office
Consumer Lender
320-676-3154

Jeremy Mikel – photo

Jeremy Mikel

Milaca Office
Consumer Lender
NMLS# 1798553
320-983-1360

Tom Christensen – photo

Tom Christensen

Milaca Office
Consumer Lender
NMLS# 2428714
320-983-1363

Kyle Pingrey – photo

Kyle Pingrey

Zimmerman Office
Consumer Lender
NMLS # 831812
763-260-7176

Krissy Ehrmantrout - photo

Krissy Ehrmantrout

Isle Office
Consumer Lender
320-537-2531


Mortgage Lenders

Jill Brenny – photo

Jill Brenny

Milaca Office
Mortgage Lender, AVP
NMLS # 1290776
320-983-1342

Sue Natysin  – photo

Bonita Sarazin

Isle Office
Mortgage Lender
NMLS # 2085122
320-676-3154


Commercial Lenders

Brett Freese – photo

Brett Freese

Milaca Office
Commercial Lender, EVP
NMLS # 799936
320-983-1353

Sue Natysin  – photo

Sue Natysin

Milaca Office
Commercial Lender, VP
NMLS # 2260318
320-983-1368

J.T. Johnson  – photo

J.T. Johnson

Milaca Office
Commercial Lender
NMLS # 2328337
320-983-1346

Barry Madison – photo

Barry Madison

Isle Office
Commercial Lender
320-676-3154

Brett Anderson – photo

Brett Anderson

Isle Office
Commercial Lender, VP
NMLS # 2104886
320-676-3154

Carol Veurink – photo

Carol Veurink

Zimmerman Office
Commercial Lender, VP
NMLS # 1279986
763-260-7175


Agricultural Lender

Dustin Krotzer – photo

Dustin Krotzer

Gilman Office
Ag Lender, VP
NMLS # 1116815
320-387-3081


Customer Service

Stephanie Halstead portrait  – photo

Stephanie Halstead

Milaca Office
Customer Service Rep, Asst. Cashier
320-983-1326

Julie Norrgard – photo

Julie Norrgard

Milaca Office
Customer Service Rep
320-983-1323

Roxie Staricha

Isle Office
Customer Service Rep, Asst. Cashier
320-676-3154

Patty Ludwig  – photo

Patty Ludwig

Zimmerman Office
Universal Banker
763-856-3626


Marketing

Megan Oldakowski – portrait

Megan Oldakowski

Milaca Office
Marketing Manager
320-983-1355