Farmers State Bank: A Trusted Financial Institution in Hillsboro, Wisconsin

Introduction

Farmers State Bank has been a cornerstone of the Hillsboro, Wisconsin community for over a century. Founded in 1902, the bank has consistently provided financial services to residents and businesses in the area. With its unwavering commitment to customer service and community involvement, Farmers State Bank has earned a reputation as a trusted and reliable financial institution.

Services Offered

Farmers State Bank offers a comprehensive range of financial services to meet the diverse needs of its customers, including:

Banking Services:
* Checking and savings accounts
* Money market accounts
* Certificates of deposit
* IRAs and 401(k) accounts

Lending Services:
* Personal loans
* Auto loans
* Home loans
* Commercial loans

Other Services:
* Online banking
* Mobile banking
* Investment services
* Insurance products

Commitment to Community

Farmers State Bank is deeply committed to the Hillsboro community. The bank actively supports local organizations and events through donations, sponsorships, and volunteerism. Additionally, the bank provides financial education programs to help community members manage their money wisely.

According to a 2022 survey conducted by the American Bankers Association, banks in the United States contribute an average of $18 billion annually to their local communities through charitable giving, employee volunteerism, and support for affordable housing. Farmers State Bank is proud to be a part of this tradition of community involvement.

Financial Strength and Stability

Farmers State Bank is a financially sound institution with a strong track record of profitability and growth. The bank has consistently received high ratings from independent financial rating agencies, including BauerFinancial and Weiss Ratings.

BauerFinancial Ratings:

Weiss Ratings:

These ratings demonstrate Farmers State Bank's ability to manage risk, maintain a healthy loan portfolio, and meet the financial needs of its customers.

Tips and Tricks for Banking with Farmers State Bank

• Take advantage of online and mobile banking: Manage your finances conveniently from anywhere, anytime.
• Consider a checking account with overdraft protection: Protect yourself against insufficient funds and avoid costly overdraft fees.
• Set up a savings plan: Automate transfers from your checking account to a savings account to build your savings gradually.
• Consult with a financial advisor: Get personalized advice on managing your money, investing, and planning for the future.
• Attend financial education workshops: Enhance your financial literacy and learn strategies for making sound financial decisions.

Step-by-Step Approach to Banking with Farmers State Bank

Opening an Account:

1. Visit a Farmers State Bank branch or go to the bank's website.
2. Fill out an account application form.
3. Provide required identification and supporting documents.
4. Make an initial deposit.

Online and Mobile Banking:

1. Enroll in online banking through the bank's website.
2. Download the Farmers State Bank mobile banking app.
3. Log in using your online banking credentials.
4. Access your accounts, pay bills, transfer funds, and more.

Pros and Cons of Banking with Farmers State Bank

Pros:

• Local ownership and management
• Commitment to community involvement
• Strong financial strength and stability
• Comprehensive range of financial services
• Convenient online and mobile banking options

Cons:

• Limited branch network
• May not offer the same level of amenities as larger banks
• Higher fees on some accounts compared to online-only banks

FAQs

1. What types of accounts does Farmers State Bank offer?

Farmers State Bank offers checking accounts, savings accounts, money market accounts, certificates of deposit, IRAs, and 401(k) accounts.

2. Does Farmers State Bank offer loans?

Yes, Farmers State Bank offers personal loans, auto loans, home loans, and commercial loans.

3. How do I enroll in online banking with Farmers State Bank?

You can enroll in online banking through the bank's website by clicking on the "Online Banking" tab.

4. What are the fees associated with Farmers State Bank accounts?

Fees vary depending on the type of account and transaction. You can find the fee schedule on the bank's website or by visiting a branch.

5. Is Farmers State Bank a member of the FDIC?

Yes, Farmers State Bank is a member of the Federal Deposit Insurance Corporation (FDIC), which insures deposits up to $250,000.

6. How do I contact Farmers State Bank?

You can contact Farmers State Bank by phone at (608) 489-2741 or visit the bank's website at www.fsbhillsboro.com.

Tables

Table 1: Financial Strength Ratings

Table 2: Assets and Deposits (as of December 2022)

Table 3: Fee Schedule