Delano Herald Journal

Serving the communities of Delano, Loretto, Montrose, MN, and the surrounding area

Banking in Winsted has rich roots



The Great Depression of the 1930s resulted in the closing of the two banks in Winsted. The State Bank of Winsted and Farmers State Bank of Winsted ceased to exist. Their assets on hand were not sufficient to pay out the cash demands by their patrons. Many families lost their complete life savings. Winsted was without a bank for about […]

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