Who owns klein bank

Founded Financing Rounds 1. Investments 2. Ownership Status. Financing Status. Corporate Backed or Acquired. Primary Industry.

National Banks. Other Industries. Other Financial Services. Parent Company. Family-owned Klein Financial Inc. The Evansville, Ind. Paul-based Anchor Bank last year. Anchor locations have been rebranded to Old National, and KleinBank branches will as well.

After the Klein deal closes, Old National said it will rank fifth in market share for the Twin Cities and Minnesota market. Chaska-based Klein Financial, which has about employees, was founded in by C. Klein and is in its fourth generation of family ownership. Under the terms of the merger agreement, Klein shareholders will receive 7. The final value of the deal will change based on Old National's share price and other provisions in the merger agreement.

Being acquired by Old National also means that Klein will join forces with its longtime St. Paul rival. Jones said adding KleinBank to the company's holdings was like connecting two puzzle pieces.

Paul, particularly among community banks. Minnesota will also become Old National's largest market; the company also has operations in Indiana, Kentucky, Michigan and Wisconsin. It would move to a new location in During the Great Depression, when banks all over Carver County were failing due to money shortages, Victoria State Bank was one of the few banks to remain open.

It would be the only bank in Waconia that survived the Depression. The Waconia bank opened a new branch in the s. Charles and Christian passed away in and , respectively. George Klein, Christian's son, then gained ownership of the controlling interest in the Klein family banks. He became the company's president. His wife, Marcella, was a member of the Board of Directors at many of the branches. In , growth of the family business reached new heights. Klein Bancorporation, Inc.

KBI was formed to manage all Klein family-owned banks. In , George's son, Dan Klein, became president and chairman after the death of his father. The bank then expanded to St. Bonifacius in and Chanhassen in Three years later, its online banking website, kleinet. In , all Klein Financial, Inc. Barac, LaVonne. Francisco, Mollee. About Us. Klein Family Banks. Klein Financial, A brochure. Uecker, Erwin A. June It's the second big announcement for Old National involving a local bank in less than a year.

In August , St. Hile added he'd stay on for the transition and his future is up in the air after that. KleinBank is also in the process of expanding into new Minneapolis neighborhoods as part of a settlement with the U.