First Resource Bank Opens New Branch at 201 Main Street South in Historic Downtown Stillwater

Stillwater, MN — December 8, 2025 — First Resource Bank is proud to announce the opening of a new branch at 201 Main Street South, a landmark corner at Main and Chestnut in the heart of historic downtown Stillwater. This expansion demonstrates the bank’s ongoing commitment to the Stillwater community—investing in a location that puts clients, neighbors, and local businesses front and center.

The new branch is situated adjacent to the plaza by the Stillwater Lift Bridge trail, offering expansive, uninterrupted views of the St. Croix River and an open, modern layout across more than 12,000 square feet, with creative office space and a retail-friendly main floor. The site’s prime corner presence and convenient access to city parking make it an ideal setting for the bank’s next chapter in service and growth.

First Resource Bank’s journey in Stillwater has been defined by steady progress and strong relationships, guided by our core values of providing unequalled service, having a team approach, and making a positive impact in our communities. Over the last ten years, the bank's assets have increased from approximately $100 million to exceed $800 million, reflecting the trust of clients, the dedication of employees, and the bank’s continued investment in the region.

The new Main Street branch joins the existing location at 1946 Washington Avenue, which will remain open to serve customers.

“This move is about deepening our roots in Stillwater and elevating the client experience in the heart of the community —right on Main Street,” said Aaron J. Siegle, President of First Resource Bank. “Our growth is a direct result of the relationships we’ve built with local businesses and families. Opening our branch at 201 Main Street is a tangible way to continue our commitment to the community and invest in the future of our clients.”

The 201 Main Street South branch is set to open in summer 2026. Additional details about timing and client services at the new location will be shared in the weeks ahead.

About Us
First Resource Bank is a full-service bank serving the needs of small businesses, entrepreneurs, and real estate investors in the Twin Cities and surrounding areas. The bank focuses on providing prompt client service and simple lending and deposit solutions. First Resource Bank has six current
locations and total assets exceeding $820 million. It is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity.