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New president at DL State Bank & Trust

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Detroit Lakes Detroit Lakes, 56501
Detroit Lakes Online
(218) 847-9409 customer support
Detroit Lakes Minnesota 511 Washington Avenue 56501

Mark Malingen has joined State Bank & Trust as president of the bank's Detroit Lakes location.

Malingen has been in the banking business for more than 20 years, with experience at First Bank, American Federal Bank, and Tri-State Auction Company.

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He was most recently the area manager for Bank of the West in Marshall, Minnesota, meaning he managed five other regional banks in addition to the Marshall location.

Since his hire at the beginning of April, he's been providing leadership, direction and guidance of all bank activities for State Bank & Trust in Detroit Lakes and Audubon.

Malingen and his wife, Stephanie, are both Fergus Falls natives and both graduates of Minnesota State University-Moorhead, with Mark Malingen's degree being in finance.

Currently, the couple and their son are in the midst of relocating to Detroit Lakes.

"We're excited to be in this area because it's close to family, but also because there are so many great things about Detroit Lakes and just being back in lakes country.

Malingen says from what he's seen in the month he's been here, State Bank is going to be a great company to work for and Detroit Lakes will be a very fun, progressive community to live in.

"There are a lot of opportunities in the Detroit Lakes area; there are a lot of amenities for a town this size...just a lot of things going on with the lakes and tourism, and I like the fact that it's close to a larger metropolitan area as well with Fargo, so it's exciting."

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