Over 100 years of Growing Locally!


The Skophammer family became involved with the Farmers State Bank of Hartland in 1929, when Joseph Skophammer first became an employee. Over the decades, the Skophammer family eventually acquired all the bank stock. Joe Skophammer's daughter Nancy Skophammer, became bank President in 2001 after Mr. Skophammer passed away at 94 years of age. Nancy led the bank through the financial crisis of 2008-2010 and helped grow the bank to more than $90 million in assets by 2012, the year of the bank's 100th anniversary.


In 2013 two existing employees Daniel Otten and Mark Heinemann, formed a new bank holding company called Minnesota Community Bancshares, with the purpose of raising local funds to purchase all the bank shares from Nancy Skophammer and her two sisters, Mary Jo Wilcox and Diane Stockwell. Minnesota Community Bancshares obtained $7.6 million in funding commitments from 78 local investors through a Private Placement Offering in December of 2013. The purchase transaction was closed on April 11, 2014. Nancy has since retired and Daniel Otten, now CEO and Mark Heinemann, now President, are leading the bank into the future with a new board of directors, renewed energy and many of the same employees.

Please refer to the Northwestern Financial Review article. This article provides a more detailed description of the bank history and the transaction that took place.


Farmers State Bank of Hartland Mission:
To provide the financial services you want wherever you are.

Primary Officers:

Daniel Otten, Chief Executive Officer/Commercial Lender

Daniel has the expertise you need, backed by over 30 years of experience in commercial and Ag lending. Prior to joining Farmers State Bank in 2004, Daniel owned and operated a consulting firm that specialized in business planning and financial modeling for small businesses. He has earned the designation of National Certified Lender -Business Banker with the Institute of Certified Bankers. Daniel can put his experience in risk and debt management strategies to work for you. In addition to lending Daniel is also serving as Chief Executive Officer of the bank and Chairman of Minnesota Community Bancshares, the holding company that now owns Farmers State Bank. 


Mark Heinemann, President/Chief Financial Officer 

Mark grew up in rural eastern South Dakota. He graduated in 2004 with a BA in Mathematics from Augustana College in Sioux Falls, SD. Mark began with Farmers State Bank of Hartland in November of 2004 as a Customer Service Representative. He has since become the CFO and oversees all aspects of the bank’s Information Technology Department and Asset/Liability Management process. In 2010 Mr. Heinemann completed the Graduate School of Banking program in Madison, WI and earned his Master of Business Administration in December 2012. In 2014 Mark took on the role of bank President in addition to CFO, and was one of the founders of Minnesota Community Bancshares.