Adrian State Bank - Home Mortgage

Adrian State Bank
322 Maine Avenue
Adrian, MN 56110
Phone: (507) 483-2447
Fax: (507)483-2948

Adrian State Bank was born out of Bishop Ireland's Colony in Adrian in the middle 1870's, when almost overnight, a cold and lonely prairie "boomed" with Irish and German immigrants from the eastern part of the United States.
In 1889, an application was made to organize a State Bank. The report of condition of the bank in 1889 reflects assets totaling $42,289.21. The first meeting of the shareholders was October 7, 1889 with by-laws presented and accepted. At that time, all stockholders then signed an organization certificate. The state charter was issued by Superintendent of Banks, M.D. Kenyon, dated October 23, 1889.

Leander B. Eickhoff began his banking career at the State Bank of Rockville, Rockville, Minnesota, of which his father, C.F. Eickhoff, was cashier. Lee stepped off the train at Adrian's depot in February 1941, to accept a job in banking at the Adrian State Bank. He left for military service in May 1942, and rejoined the bank in February 1949 upon his military discharge. In 1950 he became Cashier. On October 29, 1958, he became Vice President/Cashier. He was elected President of Adrian State Bank in January 1969, and has been Chairman of the Board since 1974.

The building that housed the "first" Adrian State Bank was erected by the organization in 1891 and resembled every other bank constructed at that time. It is still an arresting site on its corner. It displays a metal roofed turret, tan brick walls and an old burglar alarm. Two blocks down from this structure is the present Adrian State Bank building which was constructed in 1969.