Ramsey National Bank Celebrates 125 Years

When C.M Fisher founded Ramsey National Bank in 1892, his starting capital came from the sale of land that had increased in value when the Great Northern Railroad was constructed. Since then, the bank has weathered the Great Depression, sold war bonds and managed ration coupons during World War II, and, in 2007, become employee-owned. According to the bank's CEO Scott Thompson, the Hoghaug family, which sold shares to an ESOP, "has been very generous over the years and this purchase was one more way they have supported the employees and community. They wanted the employees to own the bank so the jobs would remain in the communities we serve."