Richfield Industry
We are continually welcoming new businesses to our area. In recent years, the most impressive gain was the decision of Best Buy to locate their world headquarters campus at Penn Avenue and I-494, thus becoming the largest employer in Richfield. We also welcome Target Stores and Home Depot Stores to our list of major employers.
While we quote numbers for the large employers, the smaller long-term local businesses continue to be the lifeblood of the community, as do the specialty businesses that populate our shopping centers. By 2008, employment at Richfield businesses will exceed 16,000.
Financial Institutions
Residents and businesses in Richfield need modern, full-service financial institutions to match their full and busy lives. Fortunately, choices are abound in Richfield.
Marshall & Ilsley (M & I) has a Richfield branch office at 66th and Lyndale Avenue, where in-bank and drive-up service is provided. M & I is the successor to the long-established Richfield Bank & Trust.
Wells Fargo, another nationwide financial institution, has its Richfield branch office at 65th Street and Nicollet Avenue. This location provides in-bank and drive-up service.
Bremer Bank, an institution whose roots in the Twin Cities were planted in 1912, has their Richfield branch office at 65th Street and Nicollet Avenue. They too provide full in-bank and drive-up service.
First National Bank of The Lakes has its branch office at 66th Street and Penn Avenue. This is the newest retail bank in Richfield and has already established themselves as a community-minded place to do business.
Richfield-Bloomington Credit Union is yet another choice for many, located at 345 East 77th Street. A newly remodeled office provides members with full in-bank and drive-up services. The credit union is a cooperative financial institution where each member is a part owner. Member deposits fund member loans, and the philosophy is “not for profit, not for charity, but for service.”
Specialized financial institutions, including several investment banking offices, such as Edward Jones, also call Richfield home. A First Bank office is located in the Best Buy headquarters campus to serve its employees, and GMAC/RFC, a mortgage provider, is a large employer in our city.
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