Citizens Bank was founded by William E. Harrington as a private bank in 1886. On June 1, 1892, the bank was incorporated in this community of 14,000 people located 60 miles west of the Twin Cities. With a history of good management, Citizens Bank has been a pillar of financial strength, even through a pandemic, two World Wars and the Great Depression.
Although the bank has retained its original location, it has grown along with the community. Assets of the bank today are $206 million, compared with $20 million in 1970. Since Citizens Bank was founded, it has had just six presidents: William Harrington, Helmuth Kurth, Irvin J. Burich, T.A. (Buzz) Burich, Timothy B. Ulrich and it’s current President, Anthony R. Hanson.
Citizens Bank has been integral to the economic development of Hutchinson, providing business loans, agricultural loans, home and personal loans, emergency relief loans, as well as all types of checking and savings accounts and other financial products.
Focusing on the Hutchinson community, Citizens Bank has made significant contributions, both in terms of dollars, and in community service time and effort. While it has funded and supported numerous community projects, the bank has continued its prudent management and operating standards to ensure its safety and soundness for the benefit of customers and the community. Citizens Bank considers this ability to operate prudently while maintaining high levels of customer and community support to be its greatest achievement.
What does the bank have to say to future generations? “Keep the best interest of the customer and community in mind at all times, and provide excellent service.”