"Where Fillmore County News Comes First"
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A message from retiring bank president of First State Bank of Fountain


Fri, Jun 18th, 2010
Posted in Business Announcements

I grew up in Virginia, Minnesota and upon finishing high school I enlisted in the Marine Corps and served from 1960 to 1963. After my discharge I attended Mesabi Commuinty College and UMD majoring in Business Education. During that time period I met my wife Karen who was an elementary teacher in Virginia. We were married in June 1968, and in August I went to work for what is now the Wells Fargo bank in Duluth (at that time the Corporation was Banco). In 1971, I was transferred to their bank in Virginia and worked as a lending officer from 1971 to 1978. By then I had decided to make banking my career, however, two-thirds of the state was agriculture and I did not know much about farming. So, I began sending resumes to smaller banks in Minnesota looking for a president to help me learn agricultural lending. Our idea was to spend three to five years in a small rural bank and move on to not only a bigger town but a bigger bank.

I was hired in May of 1978 as President of the First State Bank of Wykoff. Our son, Bill, began third grade and our daughter, Becky, started kindergarten in Wykoff. After a few years, we fell in love with the southeastern Minnesota area and our children made friends in Wykoff. I worked in Wykoff until December of 1986. In the latter part of 1986, I spoke to the late Charles M. Johnson Sr. -- then President of the First State Bank of Fountain -- regarding a position available by the retirement of George Stender. In January 1987, I accepted the position of Executive Vice President.

I have written primarily about myself when I should be writing about the customers and my wonderful experiences with them. The First State Bank of Fountain is primarily an agricultural bank. We help farmers with their crop inputs, machinery purchases as well as other farm expenses including the purchases of additional agricultural real estate. Over the years we have helped transfer farming operations from one generation to another. As we all know, over the years operations have not always proceeded the way everyone hoped. The 1980's were one of those time periods with high interest rates, high inflation, declining asset values and low commodity prices. The First State Bank of Fountain has been a family owned community bank for many generations right up to today with Charles M. Johnson, Jr. the current President. The Johnson family purchased Root River State Bank of Chatfield in 1966. Charles Jr. (Chuck) is also President there.

Durin .....
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Wayman new Executive Director of Hearth Connection

Thu, Jun 17th, 2010
Posted in Business Announcements

Richard Hooks Wayman, a nationally known homeless policy advocate, is the new Executive Director of Hearth Connection. Dedicated to ending homelessness statewide, Hearth Connection manages regional projects in the North, Metro, and Southeastern count ..... 
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TRI-COUNTY ELECTRIC AWARDS $22,250 IN SCHOLARSHIPS TO LOCAL STUDENTS

Tue, Jun 15th, 2010
Posted in Business Announcements

Rushford, MN (3:30 p.m. June 15, 2010)- Tri-County Electric Cooperative (TEC) recently awarded $22,250 in scholarship to 48 local high school students. Since 1991 the cooperative has given $172,437 to area high school graduates.

The money for ..... 
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2010 Outstanding Senior Volunteer Award

Fri, Jun 11th, 2010
Posted in Business Announcements

Nominations are now being accepted for Fillmore County residents to identify senior citizens who provide outstanding volunteer service.

The Minnesota Board on Aging, along with the Minnesota State Fair Board and the Minnesota Federation of ..... 
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Marburger Insurance Services receives recognition from Grinnell Mutual

Tue, Jun 1st, 2010
Posted in Business Announcements

Marburger Insurance Services of Spring Valley recently received an Award of Excellence from Grinnell Mutual Reinsurance Company of Grinnell, Iowa. This award recognizes five years of outstanding achievement in the insurance profession and superior pe ..... 
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Main Becomes Consultant with Tastefully Simple

Thu, May 27th, 2010
Posted in Business Announcements

OSTRANDER, MN (Grassroots Newswire) May 27, 2010 - Jill Main of Ostrander

has become an independent consultant with Tastefully Simple Inc., a

national direct sales company featuring more than 60 delicious,

easy-to-prepare food ..... 
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lia sophia Names Top Sales Advisor in Wykoff

Tue, May 25th, 2010
Posted in Business Announcements

Wykoff, MN (Grassroots Newswire) May 24, 2010 - lia sophia recently

announced top honors for its Excellent Beginnings Program Achievers for

their outstanding sales accomplishments and professionalism. Having just

joined the fa ..... 
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HEARTLAND SECURITY WINS TOP HONORS FOR CUSTOMER SERVICE

Tue, May 25th, 2010
Posted in Business Announcements

Rushford, MN (11 a.m. May 25, 2010)- UTC Fire & Security has named Heartland Security the 2009 Western Division Security Pro Dealer of the Year, citing its steadfast dedication for providing outstanding service to its customers.

UTC Fire & Sec ..... 
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USDA offers transition incentives to help retiring and beginning farmers

Fri, May 21st, 2010
Posted in Business Announcements

On May 17 Martin, the County executive director for USDA's Farm Service Agency in Fillmore County announced that sign up starts today for the Transition Incentives Program (TIP) - a new program under the Conservation Title of the 2008 Farm Bill - to ..... 
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