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Bricks and mortar: Bridgewater Bank, Kensington Bank open branches in Minnesota

S&P Global Market Intelligence rounds up notable branch openings and closings over the past week. This wrap excludes certain moves by banks with more than $5 billion in assets and certain credit unions.

Midwest

Lonsdale, Minn.-based Frandsen Bank & Trust in August closed its branch at 2755 10th Ave. in North Grand Forks, N.D., according to the Minnesota Department of Commerce's application activity report for the period ended Aug. 24.

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Bloomington, Minn.-based Bridgewater Bank in September opened a branch at 370 Wabasha St. N. in St. Paul, Minn., according to the state banking regulator's application activity report for the period ended Sept. 21.

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Minnesota-based Kensington Bank in September opened a branch at 501 W. St. Germain, Suite 200 in St. Cloud, Minn., according to the state banking regulator's application activity report for the period ended Sept. 21.

Southeast

Fairmont, W.Va.-based MVB Bank Inc. in September opened a branch at 1313 Dolley Madison Blvd., Suite 100 in McLean, Va., according to a press release.

The bank also opened a corporate suite and banking center at 12100 Sunset Hills Road, Suite R13 and Suite 130 in Reston, Va., on Aug. 20.

Southwest

First Federal Bank of Louisiana in October opened a branch at 1000 Center St. in Vinton, La., according to the Office of the Comptroller of the Currency's website.

West

Chico, Calif.-based Golden Valley Bank in October opened an office at 250 Hemsted Drive, Suite 100 in Redding, Calif., according to a press release.

The bank had been operating a loan office in Redding for a decade before opening the full-service office.