Our Story
Granite Bank was founded in 1902 in Cold Spring, Minnesota and proudly serves the communities of Central Minnesota with a strong history of serving small businesses, families, entrepreneurs, and real estate investors. The vision is to continue growing as a community focused bank with an emphasis on mortgage and small business lending.
Our Mission Statement
Ordinary people. Extraordinary service.
Our mission at Granite Bank will always be about helping people achieve their dreams. Whether that’s getting into your first home, finding a better interest rate for your last home, investing for retirement or getting that small business loan, we are here for you, personally. Our history began in the community. Today, we treat every one of our customers like family. We are community bankers looking to help build the lives of our neighbors. Granite Bank. We are the foundation of your financial future.
A Letter
From The President
Granite Bank is built on the values of Minnesota farming. We recognize that family, neighbors and community make our success. When we help each other, we all do well. And when one is in need, we all are.
Granite Bank was borne out of the 1980s farm crisis. My father, Jerry Reiter was a dairy farmer and believed that there was a better way to do business, the farmer way: work hard, know your customers, put in an honest day’s work. He switched to community banks to improve the way farmers were treated.
Banking is only as good as the relationship it depends on. With our roots in the community, we want to make sure our people are taken care of. Whether it’s a first home, a downsize, an everyday checking account or a college savings account for the grandkids, Granite Bank has the people to make it happen. We understand the forces that shape interest rates and the spreadsheets that make high-yield savings accounts work for you.
“I still think of making that farmer’s life a little easier, a little more secure,” Jerry says. “A bank should be there when you need it and stay out of the way when you don’t.”
Since the 1980s
History
Granite Bank is proudly owned and operated by the Reiter family, embodying our core value of Family Feel. Jerry Reiter began his banking career during the 1980s farm crisis, working for Farm Credit and managing another community bank in Central Minnesota for over 20 years. With an entrepreneurial spirit, Jerry sought the opportunity to purchase a bank of his own. In 2010, he became the CEO of The First National Bank of Cold Spring, with the promise of future ownership.
After successfully turning the organization around and rebranding it, Jerry, along with a close group of investors, purchased the bank in 2015. Since then, Granite Bank has grown from $80 million in assets to $300 million, demonstrating our commitment to Empowerment and Agility.
Sons Jacob Reiter (EVP), Luke Reiter (CFO), and Nick Reiter (Commercial Lender) have joined the business, ensuring that our Family Feel continues to thrive.
At Granite Bank, we prioritize Accessibility and Transparency in all our operations, ensuring that our customers always come first. Our growth and success are driven by our dedication to these core values, helping us serve our community better every day.
Meet Our Team
Executive Team
Chief Executive Officer/President
Jerry has over 30 years of commercial and ag lending and over 25 years of bank management, and that’s where he finds himself today as the President and CEO.
Jacob Reiter
Executive Vice President
CEO of Mortgage Division
Jacob leads the bank’s lending department where he’s worked extensively with small business owners, investors and entrepreneurs on creative financing solutions.
Luke Reiter
Chief Financial Officer
Luke oversees the retail and operations side of the bank where he is responsible for managing several facets of the Bank.
Josh Boss
Chief Operating Officer of Mortgage Division
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Ricky Cheath
Senior Vice President of Regional Growth & Diversity Lending
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James Eiynck
VP Marketing, Mortgage Banking
Jim is a licensed MN Real Estate Broker and has 20+ years experience in everything from Building & Construction, to Drafting & Estimating Degrees in his background.
Brian Fritz
Senior Vice President of Business Development
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Gary Kiess
Chief Credit Officer
Gary has 15-years of banking experience, with a background in several areas including commercial real estate, construction, small business financing, as well as financing under the SBA and USDA programs.
Josh McCarthy
Senior Vice President of Sales
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Alex Neisen
Market President
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Hannah Webster
Chief of Staff
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Jeff Williamson
Chief Development Officer
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Managing Team
Megan Omann
Operations Manager
Jerry has over 30 years of commercial and ag lending and over 25 years of bank management, and that’s where he finds himself today as the President and CEO.
Brenda Holthaus
AVP Administration
Luke oversees the retail and operations side of the bank where he is responsible for managing several facets of the Bank.
Amy _________
Treasury Manager
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We Are Here For You
Customer Service
Our biggest investment has always been in people – from the people we hire to the customers we serve. Founder Jerry Reiter believes that financial decisions are personal, and your bank should be too. Everything we do is designed to make sure your financial needs are met. Personal service may be a dying art in the world, but at Granite Bank, it’s why we got into banking in the first place.
Christin Geislinger – Cold Spring, MN Branch
Carlie Cannon – Cold Spring, MN Branch
Victoria (Tori) Potthoff – Cold Spring, MN Branch
Brianne Johnson – Champlin, MN Branch
Welcome to Granite Bank, Home of Extraordinary Customer Service
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Hear From Our Happy Customers
