Wayzata recognized Anchor Bank’s 50th anniversary during the April 18 council meeting by presenting CEO Carl Jones with a proclamation.
“When a special time comes up to mark a progress for an institution that has been such a significant part of this community for a long, long time in so many ways, we welcome that opportunity, and this evening we have one example to do just that,” Mayor Ken Willcox said.
The mayor went on to say that Anchor Bank has been a “stellar citizen” of Wayzata for a long time.
On April 13, 1967, Winton Jones, CEO Carl Jones’ father, purchased North Shore State Bank. At the time, the bank had about four employees and $1.7 million in assets. The bank grew its assets by $1.6 million dollars in its first year – a substantial 73 percent increase. Today, the bank manages more than $2 billion in assets, has 18 locations throughout the Twin Cities and Mankato, and has more than 300 employees.
Read the rest: Sun Sailor | Wayzata-based Anchor Bank celebrates 50 years