On January 1, 1933, a group of dedicated community leaders began providing full service banking to the Park Rapids area when the doors were opened at the Citizens National Bank of Park Rapids. One of those involved in that achievement was Harold Bishop of Bishop's Department Store. Among the directors in that first year were H.W. Ressler, W.M. Taber and M.E. Smith. Total assets of the bank on June 30, 1933 were $153, 611.
From such a modest but important beginning, a continued tradition of personal interest in the customer, pride in the Park Rapids area, and sound financial judgment caused the bank to grow exponentially. In February of 1967, the bank relocated to a new, "ultra-modern" building to better serve its growing customer base.
Twenty-six years later, in August of 1993, Citizens National Bank relocated once again to the current bank site on 1st Street West. This building was much larger than the previous two locations and encouraged even more growth. In 2010, Citizens National Bank had assets of $199 million and 47 full-time employees.
Citizens National Bank has grown into a bank that can serve all of your financial needs. Not only do we offer a variety of deposit accounts and loans, we also have credit card options, CDs, IRAs, and Citizens Financial Services investment solutions. Today, as a locally-owned bank, we continue to do what we do best—provide strong, conservative leadership within the bank and the Park Rapids community while serving as a safe and secure place for your funds.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154
