1st American State Bank of Minnesota

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1st American State Bank of Minnesota
563 6th Street
P O Box 8
Hancock, MN 56244
Tel: 320-392-5278
Fax: 320-392-5330

1st American State Bank of Minnesota is a full service community bank located in Hancock, Minnesota with a branch office in Benson, Minnesota. The bank offers a full array of banking products and services for individuals, professionals, and small and medium-sized businesses.

Local ownership and control allow 1st American State Bank to serve customers more efficiently. 1st American State Bank competes on the basis of quality and variety of its services and products. Our staff is knowledgeable, attentive and highly trained to provide the highest standard of customer service.

We welcome you to stop by and have a cup of coffee with the staff of 1st American State Bank. Our customers are more than a transaction to us. We believe a personal banking relationship is the key for a community bank such as 1st American State Bank.

Mortgage Loans

Our bank can provide both first and second mortgage loans that would allow you to either purchase or refinance your home or investment property. At 1st American State Bank, we take pride in helping to meet the needs of our local communities’ homebuyers and homeowners. We have several financing options available through our bank and in conjunction with other financial institutions that can fit the needs of most borrowers. We also work in partnership with the Federal Home Loan Bank and can provide qualified borrowers with down payment and closing cost assistance.

Please contact one of our loan officers for information and assistance with purchasing a new home or refinancing (some with cash back) your existing mortgage.