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Purchase of Minnwest Bank is done

From staff reports

Customers of Rochester Bank now take their money to Minnwest Bank Rochester.

Minnwest Corp. of Minnetonka, Minn., completed its purchase of the local bank from Aumanchester Inc. of Rochester last week.

Founded in 1958 at Miracle Mile Shopping Center, the bank’s headquarters is on the north fringe of the shopping center, and it operates a branch in Hammond.

"Changes that will take place immediately include longer hours with full-service banking available later on Friday evenings and (on) Saturday mornings," new president Tom Heepke said in a news release.

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Clients may continue to use their checks and electronic access cards. Minnwest also plans to offer new interest-bearing accounts and to expand business and farm lending, he said.

Heepke said Minnwest plans to "more than double the size of the bank" from about $44 million in assets to $100 million in the next couple of years.

Minnwest operates six banks with 24 branches in southwestern and central Minnesota, and Sioux Falls, S.D.

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