Oregon, Wis.-based One Community Bank will expand into Minnesota early next year by opening a branch in the Twin Cities suburb of Cottage Grove.
The bank purchased property destined for the 6,000-square-foot building late last month. A groundbreaking event is slated for April 25.
The full-service branch is the $1.8 billion bank’s 12th and first outside of Wisconsin. The location will also have several office spaces and a conference room.
“OCB believes in serving clients, supporting colleagues and investing in our communities,” said President and CEO Steve Peotter. “We have been fortunate to have worked closely with many Cottage Grove clients throughout the years.”