Darwin Bank History

In 1914, twelve local businessman bought shares of bank stock and raised enough money to start Farmers State Bank. The President was J.E. Nelson, who obtained controlling interest of the bank. Mr. Nelson sold control of the bank to the Ilstrup family in the 1950’s. In that same year, Neil and Betty Johnson moved to Darwin and were employed by the bank. The Johnson family purchased the bank in 1970.

Following the death of his father in 1992, Mark Johnson became president of Farmers State Bank. Mark shared his father’s philosophy by continuing to serve Darwin and the surrounding communities. “People come from outside to get the personal service,” Mark said. “You’re not just a number here, we know you by name. You will always find a real person when you call the Darwin bank.”

The bank expanded its service to the community with the opening of the Dassel Branch in early 2008, bringing its excellent financial services and small bank personal service to the Dassel area.

With the recent name change and merger, Perennial Bank looks ahead towards a solid future. The tradition of personal and small town friendliness will continue at Perennial Bank. “This is a people business, we know our customers when they come through the door.”