Lake Country Community Bank History

• 1917

  World War I: U.S. enters World War I, declaring war on Germany (April 6, 1917) and Austria-Hungary (Dec. 7, 1917) three years after conflict began in 1914.
• 1918

  Worldwide influenza epidemic strikes; by 1920, nearly 20 million are dead. In the U.S., 500,000 perish.
• 1928

  Morristown State Bank was started by William W. Pye (President, 1928 - 1940) at the invitation of community leaders in Morristown after the failure of the community's other bank.

  
  
• 1929

  A stock market crash precipitates the Great Depression (Oct. 29).
• 1940

  William "Harlan" Pye, son of William W. Pye, became President of the Bank until 1964.

  
  
• 1941

  World War II: U.S. declares its neutrality in the European conflict to start, but enters into the war in the Winter of 1941 after the surprise attack on Pearl Harbor.
• 1952

  Fire Rages in Morristown Bank Sunday Morning, December 21 - "A fire of unknown origin, probably defective wiring... resulted in upwards of $20,000 loss in the heart of Morristown's business district." A large hole was burned in the floor and the partition between Harlan Pye's private office and the bank lobby was burned, ceiling and sidewalls were scorched.

  
  

  
• 1964

  Robert E. Pye, son of William W. Pye, became President of the Bank until 1985.

  
  
• 1985

  William W. Pye II, Son of Robert E. Pye and Grandson of Willam W. Pye became President of the bank until 2022.
• 2003

  The Bank was re-named to Lake Country Community Bank to better reflect the Bank's service area.

  
  
• 2003

  The Bank opens temporary location in Faribault, MN - Later closes the location in 2010 during the “Great Recession”.
• 2005

  Lake Country Community Bank takes over the operations of the bank in Nerstrand, MN - making this the bank's 2nd location in Rice County.
• 2022

  New Ownership:
  After 94 years with The Pye Family, the Bank was purchased by The Vang Family and J. Kou Vang became Chairman & CEO.
• 2024

  Lake Country Community Bank expands into the Twin Cities with the opening of a Loan Production Office (LPO) in St. Paul, MN.