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Continued: Two community banks lure customers with gas instead of toasters

  • Article by: JENNIFER BJORHUS , Star Tribune
  • Last update: August 26, 2013 - 11:17 AM

“I’ve been doing consumer banking for about 30 years and this is the best consumer checking account/savings account product that I’ve ever seen,” said Ken Schaefer, Coulee Bank’s market president in St. Paul.

Krause, at Pioneer Bank in Mankato, said the gas giveaway is the fourth one the bank has done in 18 months. Last year, it gave away gas at Bobby and Steve’s Auto World in downtown Minneapolis to promote the Kasasa accounts.

Pioneer does a mix of farm, small business and consumer lending including mortgages, Krause said, and is seeing some strong growth in southern Minnesota.

“You can tell that the economy is improving,” Krause said. “We’ve got the strongest loan demand we’ve seen since before the recession.”

 

Jennifer Bjorhus • 612-673-4683

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