Stearns Bank ranked as top community bank in the nation
By Kevin Allenspach, St. Cloud Times, Minn. | |
McClatchy-Tribune Information Services |
Some institutions thrived in spite of the tough times, however, and one of them is
Stearns was ranked No. 1 in the nation by the
How is this happening?
"I was going to joke and say 'We cheat,' but yeah, there's an answer to that," said Skalicky, 80, who has led
The only other of 11 ICBA community banks within 50 miles of
Through last year, Stearns had a record of more than
"Banks have got more healthy and the competition to acquire them is strong," Skalicky said. "We did our acquisitions early on, and there weren't that many who saw these opportunities at the time. So I guess that worked out well for us."
Between 12 branches, two affiliates and its
"You don't need very many employees if you're just based on price," Skalicky said. "You just put a marquee out there and say 'We sell for the least.' Everybody says they're going to serve the customer, but there's a difference in execution."
For more, visit www.stearnsbank.com.
Send business news and tips to Times Business Reporter Kevin Allenspach at [email protected]. Get business news at www.sctimes.com/business, on
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