First State Bank: Standing Tall in the Heart of Iowa

Introduction

Nestled in the quaint town of Stuart, Iowa, First State Bank has been serving the local community for over a century. Established in 1903, the bank has weathered economic storms and societal changes, remaining a steadfast pillar of the region. Its unwavering commitment to financial stability and customer satisfaction has earned it a reputation as a trusted partner for individuals and businesses alike.

A Century of Service and Growth

For 119 years, First State Bank has played an integral role in the economic development of Stuart and the surrounding areas. It has supported local businesses, provided financial guidance, and fostered a spirit of community banking. Throughout the decades, the bank has expanded its services and facilities, while maintaining its core values of integrity, personalized service, and financial prudence.

Key Milestones in First State Bank's History

• 1903: The bank opens its doors in downtown Stuart.
• 1929: The bank survives the Great Depression, demonstrating its financial stability.
• 1960: The bank builds a new modern facility to meet growing customer needs.
• 1980: The bank expands into mortgage lending, offering comprehensive financial services.
• 2000: The bank adopts online banking, embracing technological advancements.
• 2023: The bank celebrates its 120th anniversary, continuing its legacy of community banking.

Financial Strength and Performance

First State Bank maintains a strong financial position, consistently exceeding regulatory standards. It adheres to sound banking practices and has a proven track record of financial performance.

Financial Highlights as of December 31, 2022:

• Total Assets: $425 million
• Total Deposits: $370 million
• Net Income: $5.2 million
• Capital Ratio: 12.5%, exceeding regulatory requirements

Deposit Growth and Customer Satisfaction

First State Bank has witnessed significant deposit growth in recent years, reflecting its customers' confidence in the bank's safety and reliability.

Customer satisfaction surveys consistently rank First State Bank highly for its courteous staff, quick response times, and personalized service.

Products and Services Tailored to Your Needs

First State Bank offers a comprehensive suite of financial products and services to meet the diverse needs of its customers.

Personal Banking

• Checking accounts
• Savings accounts
• Money market accounts
• Certificates of deposit
• Personal loans
• Mortgages

Business Banking

• Commercial loans
• Lines of credit
• Cash management services
• Merchant processing

Investment Services

• Investment advisory services
• Mutual funds
• Annuities

Digital Banking and Technology

First State Bank embraces digital banking technology to provide customers with secure and convenient access to their accounts.

• Online banking
• Mobile banking
• Remote deposit capture
• Text banking

Community Involvement and Support

First State Bank believes in giving back to the community it serves. It actively supports local organizations, schools, and charities.

Sponsorship Programs

• High school sports teams
• Community events
• Non-profit organizations

Volunteerism

Bank employees regularly volunteer their time to support local initiatives, such as:

• United Way
• Habitat for Humanity
• Meals on Wheels

Community Development Loans

First State Bank provides loans and grants to businesses and projects that contribute to the economic vitality of the community.

How to Bank with First State Bank

Opening an account at First State Bank is quick and easy. You can:

1. Visit a local branch: Find the branch closest to you here: Branch Locations
2. Call our customer service team: Contact us at (515) 644-2200 or toll-free at (800) 690-0993.
3. Apply online: Complete our secure online application here: Online Account Opening

Testimonials

"First State Bank has been my trusted financial partner for over 15 years. Their personalized service and competitive rates make all the difference." - John Smith, Local Business Owner

"I'm grateful for First State Bank's support of our community. Their sponsorship and volunteer efforts make a real impact." - Mary Jones, Community Leader

Why Choose First State Bank?

• Local ownership and decision-making: We are owned by the community we serve.
• Unparalleled customer service: We strive to exceed your expectations every time.
• Financial stability: Our strong capital ratios and conservative lending practices ensure your deposits are safe.
• Competitive rates: We offer competitive rates on all our products and services.
• Community involvement: We are committed to giving back and supporting the local community.

FAQs

• What are your bank's hours of operation?

  Our branches are open Monday-Friday from 9:00 AM to 5:00 PM, and Saturday from 9:00 AM to 12:00 PM.

• Do you offer mobile banking?

  Yes, we offer a free mobile banking app that lets you access your accounts 24/7.

• Can I open an account online?

  Yes, you can open an account online using our secure online application.

• What types of loans do you offer?

  We offer a variety of loans, including personal loans, mortgages, and business loans.

• Are my deposits insured?

  Yes, your deposits are insured by the FDIC up to $250,000 per depositor.

• Can I make appointments with a financial advisor?

  Yes, you can schedule an appointment with a financial advisor at any of our branches.

• How can I contact customer service?

  You can contact our customer service team by phone at (515) 644-2200 or toll-free at (800) 690-0993, or by email at [email protected].