Independent Banker - January 2020 - 72

CONNECTIONS
Liberty Bank
Minnesota's former
headquarters was a
1930s-era complex
near downtown
St. Cloud, Minn.
The bank's recently completed
facility features more modern
architecture and parking.
Community Spirit
Liberty Bank Minnesota's
legacy for its community
When Liberty Bank Minnesota outgrew its home and
needed to build a new headquarters, leaders gave back
to the community by donating the bank's downtown
building to a good cause. By William Atkinson
R
ecently, Liberty Bank Minnesota in St. Cloud, Minn.,
opened a new headquarters outside of the central Minnesota
city's downtown. The two-story headquarters will
expand the $214 million-asset community bank's services
and give it room for future expansion.
While the move is great for the bank, it's also good for the
community. Instead of selling its former headquarters, Liberty
Bank Minnesota donated its former office complex to the
nascent Great River Children's Museum, a donation worth
about $1.4 million. The 1930s-era building will become a new
children's museum that will serve the growing area.
Why didn't the bank sell its previous headquarters? " Liberty
is actually the oldest banking name in the community,
and we wanted to maintain the legacy of that building, " says
Mark Bragelman, president and CEO, adding that the ex72
Q ICBA Independent Banker Q January 2020
isting building wasn't able to accommodate the community
bank's office needs. " We could have sold it and had the new
owner flatten it and build something else, or we could have
had someone purchase it as a commercial piece of property
and chop it up into parcels to lease. However, that wasn't
the legacy we wanted to leave downtown. "
The community bank rigorously studied the best option
for the structure. Along the way, bank leadership came
across a group of college professors and community members
who were looking for a space for a new children's museum.
" One thing led to another, and we ended up feeling
that it was just the right thing to do to donate the building to
them, " Bragelman says.
Since the nonprofit Great River Children's Museum didn't
have any funding at that point, the community bank went
one step further: It also donated $56,880 to the nonprofit,
equivalent to the first year of property taxes and insurance
on the building. " The group is getting this project going, and
they have been working extremely hard to get it up and running, "
Bragelman says.

Independent Banker - January 2020

Table of Contents for the Digital Edition of Independent Banker - January 2020

Table of Contents
Independent Banker - January 2020 - Intro
Independent Banker - January 2020 - Cover1
Independent Banker - January 2020 - Cover2
Independent Banker - January 2020 - Table of Contents
Independent Banker - January 2020 - 2
Independent Banker - January 2020 - 3
Independent Banker - January 2020 - 4
Independent Banker - January 2020 - 5
Independent Banker - January 2020 - 6
Independent Banker - January 2020 - 7
Independent Banker - January 2020 - 8
Independent Banker - January 2020 - 9
Independent Banker - January 2020 - 10
Independent Banker - January 2020 - 11
Independent Banker - January 2020 - 12
Independent Banker - January 2020 - 13
Independent Banker - January 2020 - 14
Independent Banker - January 2020 - 15
Independent Banker - January 2020 - 16
Independent Banker - January 2020 - 17
Independent Banker - January 2020 - 18
Independent Banker - January 2020 - 19
Independent Banker - January 2020 - 20
Independent Banker - January 2020 - 21
Independent Banker - January 2020 - 22
Independent Banker - January 2020 - 23
Independent Banker - January 2020 - 24
Independent Banker - January 2020 - 25
Independent Banker - January 2020 - 26
Independent Banker - January 2020 - 27
Independent Banker - January 2020 - 28
Independent Banker - January 2020 - 29
Independent Banker - January 2020 - 30
Independent Banker - January 2020 - 31
Independent Banker - January 2020 - 32
Independent Banker - January 2020 - 33
Independent Banker - January 2020 - 34
Independent Banker - January 2020 - 35
Independent Banker - January 2020 - 36
Independent Banker - January 2020 - 37
Independent Banker - January 2020 - 38
Independent Banker - January 2020 - 39
Independent Banker - January 2020 - 40
Independent Banker - January 2020 - 41
Independent Banker - January 2020 - 42
Independent Banker - January 2020 - 43
Independent Banker - January 2020 - 44
Independent Banker - January 2020 - 45
Independent Banker - January 2020 - 46
Independent Banker - January 2020 - 47
Independent Banker - January 2020 - 48
Independent Banker - January 2020 - 49
Independent Banker - January 2020 - 50
Independent Banker - January 2020 - 51
Independent Banker - January 2020 - 52
Independent Banker - January 2020 - 53
Independent Banker - January 2020 - 54
Independent Banker - January 2020 - 55
Independent Banker - January 2020 - 56
Independent Banker - January 2020 - 57
Independent Banker - January 2020 - 58
Independent Banker - January 2020 - 59
Independent Banker - January 2020 - 60
Independent Banker - January 2020 - 61
Independent Banker - January 2020 - 62
Independent Banker - January 2020 - 63
Independent Banker - January 2020 - 64
Independent Banker - January 2020 - 65
Independent Banker - January 2020 - 66
Independent Banker - January 2020 - 67
Independent Banker - January 2020 - 68
Independent Banker - January 2020 - 69
Independent Banker - January 2020 - 70
Independent Banker - January 2020 - 71
Independent Banker - January 2020 - 72
Independent Banker - January 2020 - 73
Independent Banker - January 2020 - 74
Independent Banker - January 2020 - 75
Independent Banker - January 2020 - 76
Independent Banker - January 2020 - Cover3
Independent Banker - January 2020 - Cover4
https://www.nxtbook.com/mspc/independentbanker/january2025
https://www.nxtbook.com/mspc/independentbanker/december2024
https://www.nxtbook.com/mspc/independentbanker/november2024
https://www.nxtbook.com/mspc/independentbanker/october2024
https://www.nxtbook.com/mspc/independentbanker/september2024
https://www.nxtbook.com/mspc/independentbanker/august2024
https://www.nxtbook.com/mspc/independentbanker/july2024
https://www.nxtbook.com/mspc/independentbanker/june2024
https://www.nxtbook.com/mspc/independentbanker/may2024
https://www.nxtbook.com/mspc/independentbanker/april2024
https://www.nxtbook.com/mspc/independentbanker/march2024
https://www.nxtbook.com/mspc/independentbanker/february2024
https://www.nxtbook.com/mspc/independentbanker/january2024
https://www.nxtbook.com/mspc/independentbanker/december2023
https://www.nxtbook.com/mspc/independentbanker/november2023
https://www.nxtbook.com/mspc/independentbanker/october2023
https://www.nxtbook.com/mspc/independentbanker/september2023
https://www.nxtbook.com/mspc/independentbanker/august2023
https://www.nxtbook.com/mspc/independentbanker/july2023
https://www.nxtbook.com/mspc/independentbanker/june2023
https://www.nxtbook.com/mspc/independentbanker/may2023
https://www.nxtbook.com/mspc/independentbanker/april2023
https://www.nxtbook.com/mspc/independentbanker/march2023
https://www.nxtbook.com/mspc/independentbanker/february2023
https://www.nxtbook.com/mspc/independentbanker/january2023
https://www.nxtbook.com/mspc/independentbanker/december2022
https://www.nxtbook.com/mspc/independentbanker/november2022
https://www.nxtbook.com/mspc/independentbanker/october2022
https://www.nxtbook.com/mspc/independentbanker/september2022
https://www.nxtbook.com/mspc/independentbanker/august2022
https://www.nxtbook.com/mspc/independentbanker/july2022
https://www.nxtbook.com/mspc/independentbanker/june2022
https://www.nxtbook.com/mspc/independentbanker/may2022
https://www.nxtbook.com/mspc/independentbanker/april2022
https://www.nxtbook.com/mspc/independentbanker/march2022
https://www.nxtbook.com/mspc/independentbanker/february2022
https://www.nxtbook.com/mspc/independentbanker/january2022
https://www.nxtbook.com/mspc/independentbanker/december2021
https://www.nxtbook.com/mspc/independentbanker/november2021
https://www.nxtbook.com/mspc/independentbanker/october2021
https://www.nxtbook.com/mspc/independentbanker/september2021
https://www.nxtbook.com/mspc/independentbanker/august2021
https://www.nxtbook.com/mspc/independentbanker/july2021
https://www.nxtbook.com/mspc/independentbanker/june2021
https://www.nxtbook.com/mspc/independentbanker/may2021
https://www.nxtbook.com/mspc/independentbanker/april2021
https://www.nxtbook.com/mspc/independentbanker/march2021
https://www.nxtbook.com/mspc/independentbanker/february2021
https://www.nxtbook.com/mspc/independentbanker/january2021
https://www.nxtbook.com/mspc/independentbanker/december2020
https://www.nxtbook.com/mspc/independentbanker/november2020
https://www.nxtbook.com/mspc/independentbanker/october2020
https://www.nxtbook.com/mspc/independentbanker/september2020
https://www.nxtbook.com/mspc/independentbanker/august2020
https://www.nxtbook.com/mspc/independentbanker/july2020
https://www.nxtbook.com/mspc/independentbanker/june2020
https://www.nxtbook.com/mspc/independentbanker/may2020
https://www.nxtbook.com/mspc/independentbanker/april2020
https://www.nxtbook.com/mspc/independentbanker/march2020
https://www.nxtbook.com/mspc/independentbanker/february2020
https://www.nxtbook.com/mspc/independentbanker/january2020
https://www.nxtbook.com/mspc/independentbanker/december2019
https://www.nxtbook.com/mspc/independentbanker/november2019
https://www.nxtbook.com/mspc/independentbanker/october2019
https://www.nxtbook.com/mspc/independentbanker/september2019
https://www.nxtbook.com/mspc/independentbanker/august2019
https://www.nxtbook.com/mspc/independentbanker/july2019
https://www.nxtbook.com/mspc/independentbanker/june2019
https://www.nxtbook.com/mspc/independentbanker/may2019
https://www.nxtbook.com/mspc/independentbanker/april2019
https://www.nxtbook.com/mspc/independentbanker/march2019
https://www.nxtbook.com/mspc/independentbanker/february2019
https://www.nxtbook.com/mspc/independentbanker/january2019
https://www.nxtbook.com/mspc/independentbanker/december2018
https://www.nxtbook.com/mspc/independentbanker/november2018
https://www.nxtbook.com/mspc/independentbanker/october2018
https://www.nxtbook.com/mspc/independentbanker/september2018
https://www.nxtbook.com/mspc/independentbanker/august2018
https://www.nxtbook.com/mspc/independentbanker/july2018
https://www.nxtbook.com/mspc/independentbanker/june2018
https://www.nxtbook.com/mspc/independentbanker/may2018
https://www.nxtbook.com/mspc/independentbanker/april2018
https://www.nxtbook.com/mspc/independentbanker/march2018
https://www.nxtbook.com/mspc/independentbanker/february2018
https://www.nxtbook.com/mspc/independentbanker/january2018
https://www.nxtbook.com/mspc/independentbanker/december2017
https://www.nxtbook.com/mspc/independentbanker/november2017
https://www.nxtbook.com/mspc/independentbanker/october2017
https://www.nxtbook.com/mspc/independentbanker/september2017
https://www.nxtbook.com/mspc/independentbanker/august2017
https://www.nxtbook.com/mspc/independentbanker/july2017
https://www.nxtbook.com/mspc/independentbanker/june2017
https://www.nxtbook.com/mspc/independentbanker/may2017
https://www.nxtbook.com/mspc/independentbanker/april2017
https://www.nxtbookmedia.com