Rural American Bank
Rural American Bank
121 South Main Street
Braham, MN 55006
Phone: (320) 396-3377
FAX: (320) 396-2788
Rural American Bank: A Long History of Banking in the Braham and Pine City Area
Rural American Bank – known as First National Bank for many years – has provided sound and dependable banking services to the Braham and Pine City areas since the late 1800s.
We are proud to be a community bank that builds relationships with our customers and takes time to know you and understand your financial needs. We continually seek ways to meet the needs of our current customers and attract new relationships.
Our future is you. While Online Banking, Toll-Free Convenience Line and ATMs provide you with around-the-clock banking, our employees still answer the phone and remain available in person to continue to serve you. Our experienced staff is capable and ready to help you with your banking.
More Than a Century of Service
The First National Bank of Braham was formed in 1899. In 1960, the Braham bank moved into a new building directly across the street from its first location On November 15, 1988, the bank was purchased by Frandsen Financial Corporation of Forest Lake, Minnesota. The bank's name was changed from First State Bank of Braham to Rural American Bank - Braham in April 1989.
The First National Bank of Pine City was established in 1896. The bank in Pine City still remains in the same location today. On December 27, 2006, the bank was purchased by Frandsen Financial Corporation.
On November 5, 2007, Rural American Bank – Braham and The First National Bank of Pine City merged together to become Rural American Bank.
Loans and Mortgages to Attain Your Dreams
With loans and mortgages from Rural American Bank, you have financing options for all kinds of goals. Maybe it’s your dream home, cabin, investment property or that long-awaited remodeling project. Maybe it’s a car, vacation or boat. Or maybe it’s simply an unexpected expense.
Products You Need: Our mortgages and personal loans are as varied as your individual needs.
Services You Expect: Get great rates, flexible terms and fast responses.
Convenience You Deserve: Check your accounts in person, by phone or online – and choose easy automatic payments.
Installment Loans
Finance a wide range of personal needs. We’ll work with you to design an installment loan program that fits your financing needs.
•Various loan purposes:
â—¦Automobile and truck
â—¦Boat, snowmobile and ATV
â—¦Recreational vehicle
â—¦Vacation
•Competitive rates and flexible terms
•Automatic payments
•Online banking access to loan information
Home Equity Loans and Lines of Credit
Take advantage of the hard-earned equity you have built up in your home. It’s an attractive tax shelter and source of funds for nearly any purchase. A home equity loan is a one-time advance with a variety of repayment options. With a home equity line of credit, funds are available to you by writing a check or making a telephone transfer. (Consult your tax advisor to learn specific requirements for your individual financial situation.)
•Competitive annual percentage rates
•Flexible terms, including interest-only payment options
•Automatic payments
•Access funds in person, by check, by phone or online
Home Improvement Loans and Second Mortgages
Remodel a kitchen or bath, add a family room, build a garage, replace the roof or finish the basement. Enhance the investment in your home through a specific project. We’ll design a home improvement plan that fits your financing needs.
•Competitive loan rates
•Flexible terms
•Automatic payments
•Online banking access to loan information
Mortgages
Build or purchase a home. Purchase recreational land. Refinance your home. It’s an enjoyable and exciting time – and we’re here to help with the process. We’re one of the most flexible and friendly mortgage lenders in the area. We’ll be there at every step, from preapprovals through arranging your closing details.
Copyright © 2009 Rural American Bank
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