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If you’re ready to plan your next adventure, we’d like to help! At First Independent Bank, we have helped countless people enjoy their leisure time by providing recreational loans. Our recreational loans are designed to help you and your family get the most of your time off without “breaking the bank.”

Opening a savings account for your child is one of the best ways to introduce them to the concept of saving at an early age. It’s a skill they will use throughout their life, so teaching them about money and financial literacy at an early age has many benefits.

Livestock is an integral part of the Minnesota agricultural economy. Hogs are Minnesota’s top-producing livestock commodity, we are second in the nation for the number of bison producers, and we lead the nation in turkey production.

At First Independent Bank, you may know our tagline, “Big Enough to Know Business. Small Enough to Know You.” But what do we mean by that, exactly? To us, it speaks to the many benefits of working with a local community bank. Here’s how those benefits translate for our customers.

We’re still fresh into the new year, and if you’re like many people, you have some financial goals. One financial goal that many people start with in the new year is to create and stick to a budget. Budgeting can help you achieve the goals you’re working toward. It’s getting out of debt, saving for retirement, or just trying to keep your grocery bill from getting out of hand. Budgets can help you reign in your spending and gain control of your financial life.

After 38 years, on January 27^th, 2021, the Board of First Independent Bank elected as President someone other than Duke Pogatchnik.

Kathy Neels and Thomas Koerber were named as Directors of First Independent Bank at its annual board meeting held on January 27, 2021.

Farm land and property are at the heart of any Ag business, which is why we make financing land an integral part of the services we offer at First Independent Bank. For over 100 years, we have helped aspiring and experienced farmers imagine the possibilities of the future. Together, we work to make that future a reality with farm mortgage loans, rural land loans, and more.

The new year is upon us! If one of your goals is to improve your finances, we have some tips for you.

Running an Ag business takes expertise, hard work, and money. If any of these variables is missing, you’re going to have a hard time.

Expertise can be taught. Hard work can be learned. But money is something altogether different.

USDA Census of Agriculture data ranks milk from cows as the fourth largest contributor to Minnesota’s agricultural sales, accounting for 9.4 percent of the state’s total agricultural products sold. On average, a Minnesota dairy farm has 200 head of dairy cows and spent $882,160 to produce milk in 2019. This spending generated $1.6 million of economic activity in the state – a significant source for our state!

The holiday season is a joyful time of family, gifts, and festive celebration. Unfortunately, sometimes financial worries add a lot of stress to our holidays. Here are three tips that will reduce stress and help you stay on track financially.

With First Independent Bank as your business banking partner, you can manage your finances with confidence. We offer the capabilities of the big banks, but also you get personal service, flexibility, and the local decision-making of a trusted community bank.

Phishing scams are plentiful right now, and they can sometimes be hard to spot. What is "phishing"? Scammers use email messages (and sometimes text messages) to trick you into giving them your personal information. What they are ultimately after are your passwords, account numbers, or Social Security numbers, with the intent to gain access to your email, bank, or other accounts.

At First Independent Bank, we are passionate about partnering with farm and agricultural operations across Minnesota. One of the services we provide is financing and lending support to launch, operate, and expand agricultural and farming facilities across the state.

When shopping for a new home, there are many types of mortgages to choose from. One of the lesser-known types of mortgage loans is a USDA loan, which is a zero-down-payment mortgage for rural and suburban homebuyers. USDA loans are issued through the USDA Rural Development Guaranteed Housing Loan Program by the U.S. Department of Agriculture.

Minnesota is the nation's third-largest hog-producing state and pork is critical to our state’s agricultural economy. Though swine farmers (and farmers in general) are no strangers to navigating difficult times, the last six to nine months have been tough for our friends in the swine industry.

Mortgage refinancing rates are still low compared to historic standards and many homeowners are choosing to refinance their mortgage loans, saving thousands of dollars in interest over the life of their loans.

For the first time since 1971, interest rates have fallen below 3%. So, it is no surprise that with interest rates at historic lows, many people are buying homes for the first time or trading up from their current home.

In Minnesota, lake life is a dream for many during the summer. A cabin or vacation property is fun for all, unlike your primary home where you pay bills or do homework at the dining room table.

If you’re a homeowner or a vacation property owner - or if you plan to be one - then you’ve undoubtedly been watching the record low mortgage rates that have been put in place to boost and sustain our economy.

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