First State Bank and Trust opened its doors as First State Bank of South Stillwater in 1914. As the community grew from South Stillwater into the town of Bayport, we grew along with it, becoming First State Bank of Bayport in 1923.
Over the years, our capabilities have broadened. We offer insurance and investments, in addition to progressive banking services. Our Trust Services Department, established in 1987, holds over $6 billion in assets. Beyond our Bayport location, our branch network includes full-service offices in Oak Park Heights and Hudson. We also have a part-time office at Boutwells Landing in Oak Park Heights.
We changed our name from First State Bank of Bayport to First State Bank and Trust in 2003 to better reflect our expanded services to various locations. What hasn't changed is our commitment to excellent personal service that you can trust. We are the same community bank with local ownership and management that was established more than one hundred years ago.
The names of our enterprising founders are deeply etched in the first chapter of our bank’s life story. The inaugural officers were L. E. Torinus (President); E.L. Hospes (Vice President) and James Schow (Cashier). Our Directors included Edward C. Kroger, Fred S. Lammers and Fred C. Andersen.
Our Mission
We work as a team of experts, skillfully guiding our clients and growing community by providing valuable solutions as their diverse financial needs and goals change.
Our Vision
We aim to be the preferred partner for individuals, families, nonprofits, and businesses who seek a skillful team for their financial journey.
Our Values
We lead with integrity while being engaging, curious, and helpful as we collaborate to guide our clients through their financial journey.
