2022
Decorah and Cresco Bank reach $625 million in assets
2021
Decorah Bank reaches $500 million in assets
2019
Decorah and Cresco Bank became a carbon neutral company emitting zero carbon emissions!
2016
Decorah Bank got a new logo!
2007
Cresco Bank & Trust became a division of Decorah Bank & Trust
2005
Decorah Bank & Trust opened its doors at our new location at 202 East Water Street
2002
Joe Grimstad joined the Bank family. Joe graduated from Luther College with a Business Degree. After working for a bank in Minneapolis, MN, he returned home to join Decorah Bank in 2002.
2001
The Bank changed its name from Security Bank & Trust Co. to Decorah Bank & Trust Co
2001
Ben Grimstad joined Decorah Bank in 2000. He graduated with a Financial Economics degree from Gustavus Adolphus College and worked 4 years for a bank in Minneapolis, MN before returning to Decorah.
1999
The Bank was among the first to introduce internet banking to the area
1990
The South drive up location opened
1980
The Bank introduced the first ATMs to Decorah
1978
Larry Grimstad, Harold’s son, took over as Bank President.
1966
The Bank moved to the corner of Main and Washington (from the now Hammel Jewelers)
1960
Harold Grimstad bought controlling interest stock and moved to Decorah from Ellendale, MN
1937
Ray Kaster bought the Bank for $7,000 and saved it from liquidation
1935
Chartered by the State of Iowa under the name Security Trust & Savings Bank