On May 5, 1905, John Haven, Austin B. Morse and E. J. Cranston set up and the State Bank of Maple Plain. The first bank building was built the same year. The bank assumed the assets and liabilities of the State Bank of Lyndale, Minnesota in 1927. A new facility was built on the east side of town in 1963. The bank suffered three armed robberies over the years. Two occurred in the old building and another on December 21, 1965, happened at the new place. In recent years, the old bank building has been converted to a private residence.
