Madison Lake

CornerStone State Bank of Madison Lake

Contact Info

500 Main Street
PO Box 218
Madison Lake, MN 56063
Phone: 507-243-3511
Fax: 507-243-3303
Jim Van Deusen, President

Banking Hours

Lobby Hours:
Monday - Friday: 9:00am - 4:00pm

Drive-Up Hours:
Monday-Thursday: 8:00am to 5:00pm
Friday: 8:00am to 5:30pm
Saturday: 9:00am to 12:00pm

Online & Mobile Banking:
24 Hours per day

CornerStone's Madison Lake Team


Jim Van Deusen

President - Madison Lake

Jim’s banking experience began early, working part-time at his father’s community bank throughout high school. After receiving his undergraduate degree from the University of Wisconsin, River Falls, Jim pursued his post-graduate work at Washington State University. Shortly thereafter, he was hired by the Department of the Navy as a Project Manager for Submarine Sonar Systems. Jim’s responsibilities included acquisition, installation, and upgrading of the Systems. He returned to banking in 1996, at Merchants State Bank in Lewisville, MN, and gained in-depth experience during his five years working as a Loan Officer and overseeing operations.

In 2001, the family purchased Peoples State Bank, a community bank in Madison Lake, MN, and Jim was assigned the position of Executive Vice President. After Peoples State Bank merged with CornerStone State Bank in 2016, Jim began his current responsibilities as President of the Madison Lake Branch of CornerStone State Bank.
Within the Madison Lake community, Jim is a Board member, Secretary, and Treasurer of the Madison Lake Watershed and Lake Association. In addition, he is a Member of the City of Madison Lake Economic Development Committee and active in Madison Lake’s annual Paddlefish Days. He enjoys traveling with his wife Michaela, boating on Madison Lake, brewing beer, and playing in a recreational ukulele group.

Jim specializes in consumer mortgage and installment loans and small business loans, but has experience in all areas of banking.