Anchor Bank Wayzata Location Groundbreaking Marks 50 Years of Banking Stewardship in the City of Wayzata

With the rumble of earth-moving equipment nearby, Anchor Bank held a groundbreaking ceremony for the new Wayzata location. Community and bank leaders and project representatives were on hand with hard hats and golden shovels. The occasion marks 50 years of Anchor Bank presence in the City of Wayzata.  The new 4,012-square-foot bank with drive-thru will be adjacent to the existing Anchor Bank on the corner of Minnesota Highway 101 North (Central Avenue N) and Wayzata Boulevard. A 14,500-square-foot Walgreens will be constructed on the corner, completing a major update of the busy retail location in downtown Wayzata.

Anchor Bank Chief Executive Officer, Carl Jones, applauded the new location as a sign of progress while recalling that his father, Winton, established his first bank in Wayzata. Jones noted that Anchor Bank has grown almost a thousand times larger in assets than when it started, from $1.7 million to $1.4 billion, and that Wayzata still holds a special place in that success.

The Mayor of Wayzata, Ken Willcox, echoed those sentiments by calling Anchor Bank a pillar of the business community and supporter of the city. “You have listened to your neighbors, your constituents and customers to create an important project and resource for Wayzata. I congratulate you as you move forward in this latest chapter,” he said.