Our People Make the Difference!
For more than a century, ProGrowth Bank has
proudly served the financial needs of our customers. Honesty and
integrity are the cornerstones of our business.
ProGrowth Bank, with offices in Gaylord,
Mankato and Nicollet, has a rich and vibrant history. It all
began in 1904 when Citizens State Bank of Gaylord opened its
doors. Instead of entering customer information into the
computer like we do today, “cashiers” (as they were called back
then) had to post all records by hand in ink. Some of these
general ledger books are still housed in the bank today!
On January 8, 1918, Irving M. “Brit” Nelson
became an employee of Citizens State Bank of Gaylord. He was
promoted to Assistant Cashier six months later and to Cashier
two years after that. In 1945, he became President, a position
he held for the next 50 years. In total, he served the bank for
77 years and, in 1990, made the decision to purchase Nicollet
Gaylord Bancorporation, Ltd. acquired Nicollet
State Bank on August 30, 1990. The two banks slowly but surely
began to combine operations and other functions. In order to
unite the entire organization, the parent holding company name
was changed to Progressive Growth Corp. in November of 1994. In
June 1999, Nicollet State Bank opened a branch in Mankato. The
two banks officially merged together in 2002 and were renamed
ProGrowth Bank. Phil Keithahn, Brit’s grandson, serves as
chairman and CEO of ProGrowth Bank. Sue Keithahn is President of
We are proud to have been able to serve
customers in Nicollet since 1903, in Gaylord since 1904 and in
Mankato since 1999. We donate 5% of our pre-tax profits to
charitable organizations. ProGrowth’s vision continues to be
that of Creating Value for You. We work hard everyday to be a
valuable resource for our communities, just as our communities
have provided us with the reason for our existence.