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2005-03-03 State Bank of Kerkhoven ~ State Bank of Kerkhoven PH: (320) 264-2161 · 1011 Atlantic Ave · P.O. Box 258 Kerkhoven. Minnesota 56252 March 3, 2005 Mr. Larry Kruse City Administrator Albertville 5975 Main Avenue NE PO Box 9 Albertville, MN 55301 Dear Mr. Kruse: Thank you for the opportunity, yesterday, to speak with you, Mr. Brixius and Mr. Moberg about the site that we would like to purchase for our bank in Phase 1 of the Towne Lakes development in Albertville. We, too, want to exceed expectations in that location as a community bank that would serve Albertville. We feel that building our bank in that location would benefit the city by being a cornerstone of the Towne Lakes development - an inviting, sound entrance into your shopping and housing developments. We have planned on having an inviting, warm and secure look to our bank - and know that it would complement the surrounding businesses. The location would be a convenience to the public by providing easy access to the bank, while they stop and do their banking on their way to shopping, restaurants and homes in the area. Albertville has exciting days ahead as you continue with your City's plan to ensure the best for your community. We are excited to become a part of Albertville. Thank you, again, for your time that you spent with us. We look forward to the City Council meeting on March 21. $mce.seIY, ~.(~ ~N- Robert Bauman President Member Federal Deposit Insurance Corporation