Bank · FDIC insured
MBT Bank
A $738.2M bank headquartered in Forest City, IA, with 9 branches in 2 states.
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About MBT Bank
Originally chartered in 1945 as Farmers Bank & Trust Company of Crystal Lake, the bank was renamed Manufacturers Bank & Trust Company in 1967 and moved to Forest City in 1970.
John K. Hanson became controlling stockholder in 1973, leaving bank ownership to his children upon his death in 1996.
After acquiring two Minnesota banks in 2021, MBT operates today as a full-service bank with nine offices.
- Headquarters
- 245 E J St, Forest City, IA 50436
- FDIC certificate
- 16307 ↗
Branches
9 branches in 2 states
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Minnesota
6 branches
Austin area · 1
- Austin Branch607 N Main St, Austin, MN 55912Directions
Blooming Prairie area · 1
- Blooming Prairie Branch245 E Main St, Blooming Prairie, MN 55917Directions
Dodge Center area · 1
- Dodge Center Branch42 W Main St, Dodge Center, MN 55927Directions
Hayfield area · 1
- Hayfield Branch216 1st Ave Ne, Hayfield, MN 55940Directions
Mantorville area · 1
- Mantorville Branch402 Main St N, Mantorville, MN 55955Directions
Rochester area · 1
- Rochester #2 Branch4408 Highway 52 N, Rochester, MN 55901Directions
Iowa
3 branches
Forest City area · 1
- Manufacturers Bank & Trust CompanyMain office245 E J St, Forest City, IA 50436Directions
Clear Lake area · 1
- Clear Lake Branch New800 Hwy 18 E, Clear Lake, IA 50428Directions
Lake Mills area · 1
- Lake Mills Branch106 W Main St, Lake Mills, IA 50450Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.44% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.94% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.31% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $81 | $81 | — |
- CapitalLeverage ratio10.44%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.94%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.31%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$81Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of MBT Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.