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TEL : Jun 17 ,98 8 :05 No .003 P .01 <br /> 1 Y� <br /> • i <br /> 110 s • <br /> Citizens tr iState Bank of Norwood — `' ; <br /> MEMBER FDIC <br /> 409 FAXON ROAD Pr O,BOX 99/NORWOOD,MN 55368.0098 TEI t=PHONE 612-467x000 FAX 612-467-3244 <br /> June 16, 1998 <br /> City of Elk River <br /> Paul Steinman, Director of Economic Development <br /> 13065 Orono Parkway <br /> P.O. Box 430 <br /> Elk River, MN 55330 <br /> Dear Mr. Steinman, <br /> i am writing to provide some background with respect to Citizens State <br /> Bank of Norwood' s experiences with Midwest Building Components, Inc. <br /> (MBC) . Citizens State Bank of Norwood started a banking relationship <br /> with MBC in early June, 1996. Terry Veech has been ourprimary <br /> contact since that time. <br /> • Our dealings with Mr. Veech and MBC have ail been very positive and <br /> continue to be so today. Mr. Veech has been very forthright and has <br /> always represented himself and his company with the highest degree of <br /> integrity. I have never felt as though I was mislead in any way. <br /> I have been impressed with the expertise of Terry in his field as well <br /> as his overall comprehension and sound business sense . He is a very <br /> qualified individual . <br /> I hope the above dissertation will be of some service to you and the <br /> City of Elk River as you explore opportunities and options as they <br /> relate to Midwest Building Components, Inc . Please feel free to call <br /> or contact me if you are in need of further .information. <br /> B of regards, <br /> Perry L. Forst <br /> Executive Vice President <br /> PTF:Inds <br /> Clinton D. Kurtz Perry L. Forst Lyrne M. Franck <br /> Clwirrnun/PresidentiCF0 Exocullvc Vice PresklenVC00 Adminlstrerive Officer <br /> • Timothy D, Moore <br /> David B. eau <br /> AssiDavid L. Elting <br /> Cas+;er stant Vic President David <br /> Development <br /> Where Money Matteis _ Butt !eople Count <br /> P4 -> P4 <br />