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Our Lobby is Temporarily Closed

Community Bank Owatonna's lobby is temporarily closed to regular customer traffic. Our drive-up is open regular hours. The lobby is accessable by appointment for access to safe deposit boxes and banking needs that cannot be accommodated via the drive-up or the CBO Digital Banking Suite. As required by MN Emergency Order 20-81, all individuals entering the lobby will be required to wear a mask.

We are Hiring!

We are hiring for a Part Time Personal Banker. Please see our Career page for more details. Careers

Real Estate Investment Loans

Lending a Hand to Landlords

Real estate investment loans are a nuanced, niche market — and we’re the experts.

Our lending team are all Owatonna residents with more than 25 years of banking experience. Best of all, we’re equipped to customize solutions for your individual circumstances and objectives.

We’re looking to partner with individuals and companies with a good credit history, reliable income, strong cashflow, and cash or equity available for a down payment. If that describes you, we’re waiting for your call, visit or email!

Loan Calculator

Your Lending Team

Tim Kluender
Tim Kluender President/CEO About Me
Steven Grams
Steven Grams Executive Vice President NMLS ID: 482932 About Me
Jeff Goergen
Jeff Goergen Vice President NMLS ID: 705780 About Me

Get Started with Your Loan Application

Your Information

Your Address (no P.O. box allowed)
Employment Status
Employer Address (no P.O. box allowed)

Co-borrower Information

Will there be a co-borrower?

Please provide information for the co-borrower, if applicable.

Co-borrower Address (no P.O. box allowed)
Employment Status
Employer Address (no P.O. box allowed)
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