Community Reinvestment Act (CRA) Public File Information
First Independent Bank is dedicated to making a beneficial impact in the communities we serve. Our focus encompasses not just meeting, but exceeding the financial necessities of all, especially those in low and low-moderate income and minority sectors within the regions we serve. We take pride in adhering to the Community Reinvestment Act (CRA) and are happy to offer easy online access to this information, ensuring it's both current and readily available for public review.
Public Information Available For Inspection
Please be advised that in order to meet the regulations set forth by the Community Reinvestment Act (CRA), certain documents must be kept up-to-date in our public records. These files should accurately reflect the current status as of April 1st of every year and are subject to changes at various intervals as needed.
CRA Performance Evaluation
Below is the latest Community Reinvestment Act (CRA) Performance Evaluation for the bank. The complete evaluation is detailed in the following document attached below.
Written Comments
View written comments received from the public for the current year, and each of the two prior calendar years, that specifically relate to the bank's performance in helping to meet community credit needs, and response to the comments by the bank.
Branch And ATM Information
Below is a list of our bank branches and ATMs, complete with street addresses and geographic locations.
Opened / Closed Branches And ATMs
Branches and ATMs opened or closed by the bank.
List Of Products, Services, And Fees
A list of services (loan and deposit products and transaction fees) generally offered at the bank’s branches and descriptions of material differences in the availability or cost of services at particular branches, if any.
List of Products, Services & Fee Schedules
Assessment Areas
A map of each assessment area showing the boundaries of the area and identifying the geographies contained within the area.
Assessment Area Listing, Maps & Geographies
Loan-To-Deposit Ratio
Our Loan-to-Deposit ratio for each quarter of the prior calendar year.
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At First Independent Bank we’re remembering with sadness and fondness President Dorane “Duke” Pogatchnik, who passed away at his home in January.
Dorane Alfred Pogatchnik was born to Lowell and Carol (Lieske) Pogatchnik in Rochester, Minnesota, on April 22, 1957. He was baptized as an infant and later confirmed when the family was living in Middle River, Minnesota. His family moved around frequently throughout his childhood, eventually settling in Finlayson, MN where Duke graduated high school in 1975. Duke briefly attended college before starting his banking career. At age 25, Duke moved to Russell, Minnesota, to manage the Farmers State Bank of Russell (now First Independent Bank). A few years later he married Diane Richter and they had a son, Curtis, who died in infancy. Duke and Diane later separated and divorced.
In the early 90’s Duke met MaJa Wagner. Duke and MaJa married and had 3 children: Alexandra “Allie”, James, and Gabrielle “Gabby”. The couple moved to Marshall in 1999 as the bank and his family grew. Duke and MaJa divorced in 2010. Duke was very dedicated to his work, pouring himself into growing the family banking business. He was known for being extremely intelligent, somewhat stubborn yet kind. He enjoyed many professional successes, but his greatest pride of all was his 3 children.
In his youth and early 20’s, Duke was an avid coin collector and traveled around the country to attend coins shows and buy and sell coins. Duke was a lifelong Golfer, competing in and winning several local tournaments. Duke was a member of Christ Evangelical Lutheran Church in Marshall and previously a member of both the Russell Lions Club and Russell Fire Department.
Duke was a successful and proud Independent Community Banker, even changing the banks name to First Independent. He served on the Independent Community Bankers Board, numerous bank boards and was well known and respected in the banking community. Duke was also a licensed insurance agent and owned Town and Country Agency with his family.
Duke Pogatchnik died unexpectedly at his home on Friday, January 15, 2021. He had reached the age of 63 years, 8 months, and 24 days. Blessed be his memory.
Duke is survived by three children, Allie Pogatchnik, James Pogatchnik, Gabrielle Pogatchnik; parents, Lowell and Carol Pogatchnik of Finlayson; brothers, Dean (Nancy Kay) Pogatchnik of Finlayson, Bruce (Nancy Jean) of Finlayson; nieces Tina (Trent) Rabe, Paula (Travis) Diaz and families; nephew Ethan Alleman; other relatives, and friends.
Duke and his family have been strong supporters of the communities they serve and community banking. We encourage you to read our history at https://www.fibmn.com/history-timeline
The Bank is in great hands with the current leadership, Bruce Pogatchnik and the Pogatchnik family. First Independent Bank will continue on with Duke’s legacy and make him proud.
The new Online Banking website and Mobile Banking app is now available.
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You will need to enter your existing username and a temporary password, which is your username and the last four digits of your Social Security Number (Personal Banking) or Employer Identification Number (Business Banking). After you log in, you can create a new password and save it to your device or a secure location.