In 1902, two years after the Village of Danvers was incorporated, the Bank of Danvers was opened. In 1907 the bank was chartered by the State of Minnesota and renamed the State Bank of Danvers.
By 1956 the bank reached a $1,500,000 deposit mark and outgrew their facilities. A modern one-story brick building was built and occupied by the bank in the fall of 1957. Again, in 1979, the bank moved to a new facility in Danvers, which now is the main office of the bank.
In July of 1999, the bank opened its new, branch facility in Benson geared to meet the technological challenges of the 21st century. July 16, 2002 marked a full century of continuous financial service to the community by four generations of the Connolly family.
Danvers Branch
State Bank of Danvers
One Bank Plaza
Danvers, MN 56231
Benson Branch
State Bank of Danvers
2010 Minnesota Avenue
Benson, MN 56215