Foley Based Falcon National Bank Adds Sixth Location in Maple Grove

(KNSI) – A central Minnesota bank is expanding its reach by acquiring a community bank in the northwest Twin Cities Metro.

A press release from Falcon National Bank says it has acquired Maple Grove Eagle Community Bank. The deal was finalized on April 30th.

John Herges, CEO of Falcon National Bank, called the merger “really exciting news,” adding, “Maple Grove is a growing community, and we are perfectly positioned to deliver a unique approach to serving small businesses and consumers-alike in that market.”

Falcon National Bank is a preferred lender with the Small Business Administration and was instrumental in leading businesses through securing PPP loans at the onset of the COVID-19 pandemic.

Jason Erdman, past President of Eagle Community Bank, now Market President of the Maple Grove location of Falcon National Bank, says the merger “brings excellent benefits to our customers,” citing increased lending capacity, he adds, “we are able to help more customers and in a bigger way. Falcon’s digital banking products will offer added convenience to both our consumer and business customers that I think they will really enjoy.”

In the release, Ken Streeter, Owner and Chairman of Eagle Community Bank, says, “This merger will provide greater opportunities for our customers and community. We want to thank our customers and community for past business and truly feel they will thrive as customers of Falcon National Bank.”

Falcon National Bank also has locations in St. Cloud, Foley, Richmond, Ham Lake, and Isanti.

___