This is the first part of a two-part series on Minster Bank’s past and present.
As a whole, Ohio is among the states with higher numbers of community banks – 178 total as of 2018. And for more than 100 years, Minster Bank has been one of those institutions.
Learn more about Minster Bank’s history and the value of choosing a community-focused, locally-owned bank below.
History of Minster Bank
Founded in 1914, Minster Bank has grown to serve six communities and the surrounding areas.
Dale Luebke, President and CEO of Minster Bank, says the bank’s longevity is because of its strong community ties.
“Minster Bank has prospered over the years due to the honesty, integrity and faith of the people who live and work here,” he said.
In more than 100 years of business, it’s clear the bank has had to keep up with the times – from keeping the books on paper to dedicating whole rooms to computer servers to today’s mobile banking.
Phyllis Rose, Senior Operations Officer, said this keeping pace is both a challenge and strength of Minster Bank.
“Staying relevant and embracing technology is obviously very important to the bank as we move forward,” Rose said, adding, “And it’s just serving our customers – if we continue to do that, we’ll continue to grow and go forward.”
Six Core Values
Minster Bank was founded on and remains guided by six core principles:
- • Integrity – doing the right thing in both our personal and professional lives.
- • Quality – providing the highest possible level of service and products to customers.
- • Customer satisfaction – exceeding the customer’s expectations.
- • Progressiveness – continuously finding ways to improve the customer experience.
- • Long-term orientation – making decisions with future goals in mind.
- • Profitability – creating earnings through our exceptional customer value.
Hear more about our core values in this video featuring President & CEO Dale Luebke.
Why Choose a Community Bank?
As mentioned above, in Ohio, you’re likely to find a small, locally-owned bank in nearly every community. That’s good for you and for the community itself because locally-owned banks provide assets and services to people in the surrounding areas that larger banks might ignore.
Funds in community banks are reinvested in the local area through personal and business loans, so the money you’re putting into your bank is supporting the nearby economy and families.
Community banks also provide a more personal experience than many big corporations – especially one like Minster Bank, where a family might have been doing business for decades.
Luebke gave the example of Minster Bank shareholders and how difficult it is to buy stock in the bank – because few people want to sell their shares.
“The shareholders of Minster Bank stock really understand the value in what it’s providing for their families. So Minster Bank stock does not become available very often, and that’s because it’s passed on from generation to generation to generation,” Luebke said.
Start Banking With Us Today
Choose a personal experience with people who’ve been serving your community for more than 100 years. Learn more about Minster Bank’s services and how we can help you reach your financial goals.