Citizens Alliance Bank

Citizens Alliance Bank was originally chartered as the German American Bank on November 15, 1902. The Bank operated as a Company Bank under the name of German American Bank until the year 1909 when it was incorporated and given a Minnesota state charter. In 1955, C.R. (Kelly) Forstrom and his wife Norma moved to Clara City from Willmar where they purchased a minority interest in the Bank. In 1982, Forstrom Bancorporation, Inc. was formed as a holding company to be used as a conduit for future Bank acquisitions. At that time, all the stock of Citizens Alliance Bank was transferred from C.R. Forstrom to the holding company. On December 31, 1990, Forstrom Bancorporation was sold to Kelly and Norma's four sons (Philip, Paul, Perry, and John). Over the years Citizens Alliance Bank has acquired a number of locations in Minnesota and Montana.