Question 1

What is Lakeview Bank?

Accepted Answer

Lakeview Bank is a community bank serving the southern Minneapolis-St. Paul metropolitan area. With approximately $183 million in assets and two offices, the bank focuses on commercial and retail banking services for residents and businesses in the Lakeville area and surrounding communities in Dakota County, Minnesota.

Question 2

When was Lakeview Bank founded?

Accepted Answer

Lakeview Bank opened for business on July 8, 2004, driven by a fundamental premise to serve the financial needs of local community residents and improve the quality of life in those communities. The bank was founded by community members who live and work in the area, establishing it as a truly community-owned institution.

Despite facing the challenges of the Great Recession, the bank emerged stronger and more committed to its mission. In 2017, Lakeview Bank celebrated a major milestone by completing a 2,100 square foot expansion, breaking ground on April 25, 2017, and finishing construction on October 10, 2017.

Question 3

Where is Lakeview Bank headquartered?

Accepted Answer

Lakeview Bank is headquartered in Lakeville, Minnesota, in Dakota County. The main office is located at 9725 163rd Street West in Lakeville.

Question 4

Where does Lakeview Bank operate?

Accepted Answer

Lakeview Bank operates two offices in the southern Twin Cities metropolitan area, primarily serving Lakeville and the surrounding communities in Dakota County. The bank's service area is focused on the Minneapolis-St. Paul-Bloomington metro region.

Question 5

What services does Lakeview Bank offer?

Accepted Answer

Lakeview Bank offers comprehensive personal and business banking services. Personal banking includes checking accounts, savings accounts, time deposits, mortgage loans, consumer loans, and various deposit products.

Business banking encompasses commercial checking and savings accounts, commercial loans, and cash management services. Digital services include online banking, mobile banking with mobile deposit capabilities, bill payment, fund transfers, and contactless payment options. The bank's mobile app requires iOS 17.0 or Android 9.0 or later, with version 3.25 or higher of the app for optimal functionality.

Question 6

What makes Lakeview Bank unique?

Accepted Answer

Lakeview Bank distinguishes itself through genuine community investment and personal customer relationships. The bank's Board of Directors comprises local residents who live and work in the area, ensuring leadership aligned with community interests.

Staff members are experienced banking professionals who also call the service area home, creating authentic connections with customers. The bank hosts an annual Legacy Award event recognizing outstanding community members in business, citizen volunteering, and graduating high school seniors. Lakeview Bank emphasizes that while it can match the products and technology of larger banks, its differentiator is getting to know customers personally and being part of their financial success.

Question 7

What type of financial institution is Lakeview Bank?

Accepted Answer

Lakeview Bank is a commercial bank with a strong community banking focus. As a community bank, it continuously reinvests deposits in the local area, supporting neighborhood businesses, families, and economic development. This model allows the bank to combine advanced technology and comprehensive product offerings with personalized service and local decision-making authority, distinguishing it from larger regional or national banks.

Lakeview Bank

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About Lakeview Bank in the United States