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Congratulations to the 2022 Business of the Year: Reliance Bank!

The Business of the Year is chosen by a private selection committee, with no assistance or influence from the Faribault Chamber staff. Utilizing a variety of metrics, including community contributions,  business ethics and values, as well as commitments to The Chamber's Missions.
America’s progress has been driven by entrepreneurs who think big, take risks and work hard. From the storefront shops that anchor downtown to high-tech industries to large scale retail and service businesses – small businesses are the backbone of our economy. In the US, 28 million small businesses create nearly two out of three jobs in our nation’s economy; they provide jobs, spur economic growth and support local communities.


Reliance Bank opened for business on August 13, 2007 as a full service, FDIC insured, state chartered community bank in Faribault. In recent years, Reliance Bank has grown at double digit rates, this is due to the confidence our community has in their bank and the exceptional services that they provide. Reliance bank is extremely proud of it’s staff’s community involvement in civic organizations and programs. Reliance bank and its employee’s volunteer an average 300 hours per month in within our Community. To learn more about Reliance Bank, visit their website at


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