MBA Overview

The mission of the Minnesota Bankers Association is to provide its members the leadership, services, and support necessary to ensure a vital, growing financial industry.

Since 1889 the Minnesota Bankers Association (MBA) has been serving Minnesota's banking community.  We are extremely proud of our long history and our close working relationship with our members. Along with the education, legal, legislative, and insurance areas, members receive value added quality products and services to ensure that they receive the most from their membership.

Membership in the MBA is available to commercial banks, trust companies and savings associations with an office in the state of Minnesota. We are pleased to have a very strong membership base. More than 95% of the Minnesota chartered banks and savings and loans belong to the MBA. In addition, MBA has over 120 associate members. This strong membership base allows the MBA to provide all members with unparalleled advocacy and exceptional products and services.

The governing body of the Minnesota Bankers Association is its Board of Directors consisting of a Chair, Vice Chair/Treasurer, Immediate Past Chair, one Director from each of MBA's six districts, and two At-Large Directors. The association leadership changes every June.

The chair of the association is Steve Daggett, President of Midwest Bank in Detroit Lakes, pictured at left.

Daggett joined Farmers State Bank of Waubun (which later became Midwest Bank through a name change) in 1996 and became president of the bank in 1997. He was named one of Northwestern Financial Review's Rising Stars in 2003. He serves as a board member of the Detroit Lakes Community and Cultural Center, a board member of the Detroit Mountain Recreation Area, as well as an active member of the rotary.

[view the other board members]

The MBA is located at 8050 Washington Avenue South, Suite 150, Eden Prairie, MN 55344 (map and directions).