PELICAN RAPIDS, Minn. -- Employees of Pelican Valley State Bank helped the $60 million-asset institution obtain an "outstanding" Community Reinvestment Act rating this year by contributing their own money to a loan program.

The bank maintains a community loan pool of $100,000 -- made up of donations from area companies and bank employees -- to help start up businesses in a local industrial park. Pelican Valley's employees contributed $23,000 of that amount through voluntary payroll withholding.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.