• Lyle
    Map
    Lyle
    Address
    403 1st St
    Lyle, MN 55953
    Get Directions
    Contact
    Phone507-325-2227
    Fax507-325-2226
    Lobby Hours
    M - F9:00am - 3:00pm

Sterling State Bank’s history in Lyle, MN

Sterling State Bank was founded in 1958, but the banking history in our Lyle, MN branch goes back much further!

Officially the Sterling State Bank branch in Lyle, MN was first established as a Bank on February 7, 1901. At the time Charles G. Dawes (United States Comptroller of the Currency, a Department of the U.S. Treasury) signed the certificate authorizing the First National Bank of Lyle to “commence the business of Banking.” First National Bank of Lyle opened in the exact location that our Sterling State Bank Lyle office occupies today.

In 1901 banks were granted charters from the United States federal government via the Office of the Comptroller of the Currency and were allowed to issue their own currency or National Bank Notes. The First National Bank of Lyle issued its own unique currency after it was founded. According to online sources that buy and sell old bank notes, the First National Bank of Lyle printed its own money and issued 7 different types and denominations of national currency.

While much has changed since the bank opened its doors 100 years ago, one thing has remained the same: our commitment to serving the great people of Lyle.


Community Involvement |  Lyle, MN

Equally as important as taking care of our customers is giving back to our community. That is why our Lyle staff is active in multiple organizations such as Relay for Life Mower County, Lyle Community Education, Lyle Area Cancer Auction, Zonta and much more.


Personal Banking | Lyle, MN

Sterling State Bank in Lyle can take care of all of your personal financial needs.

  • Personal Checking Accounts
  • Personal Savings Accounts
  • CDs and IRAs
  • Home Mortgage Loans
  • Mobile Banking and Online Banking

Commercial Banking | Lyle, MN

Our team takes pride in helping local small businesses in Lyle, MN and the surrounding southeastern MN/northern IA area with their financial needs.

  • Business Checking Accounts
  • Business Savings Accounts
  • Commercial Loans
  • Construction Loans
  • Operating Lines of Credit
  • Merchant Card Services
  • Remote Deposit Capture
  • Wire Transfers
  • Business Online Banking