Nestled in the heart of Cherokee, Iowa, Cherokee State Bank stands as a testament to the town's enduring spirit. Established in 1892, the bank has weathered economic storms and technological advancements, consistently providing its customers with unwavering financial support.
The bank's humble beginnings can be traced back to a group of local businessmen who recognized the need for a reliable banking institution in their community. With a shared vision, they pooled their resources and opened the doors of Cherokee State Bank on July 15, 1892.
Over the years, Cherokee State Bank has grown alongside the community it serves. It has played a pivotal role in numerous civic and economic initiatives, supporting local businesses, agriculture, and educational institutions.
The bank's commitment to the community is evident in its extensive investment in local projects. These include:
Cherokee State Bank has consistently maintained strong financial performance, earning a reputation for stability and reliability.
These figures reflect the bank's prudent risk management practices and its ability to generate sustainable profits.
Cherokee State Bank offers a comprehensive suite of banking services tailored to the needs of individuals, families, and businesses.
Personal Banking:
- Checking and savings accounts
- Loans (auto, personal, home)
- Investment services
- Online and mobile banking
Business Banking:
- Commercial loans
- Lines of credit
- Merchant services
- Cash management solutions
Cherokee State Bank has embraced technological advancements to enhance customer convenience and security.
The team at Cherokee State Bank is committed to providing exceptional customer service. Our knowledgeable and friendly staff members strive to meet individual needs and build lasting relationships.
"Cherokee State Bank is more than just a financial institution. It's a pillar of our community. The staff is always friendly and helpful, and I trust them to manage my finances." - John Doe, Customer
1. What are the bank's operating hours?
Monday-Friday: 8:30 AM - 5:00 PM
Saturday: 8:30 AM - 12:00 PM
2. Where is the bank located?
101 E Main St, Cherokee, IA 51012
3. How can I contact customer service?
(712) 225-4010
4. Can I access my accounts online or through mobile banking?
Yes, you can access your accounts through our secure online banking platform or mobile app.
5. What types of loans does the bank offer?
We offer a variety of loans, including auto loans, personal loans, home loans, and commercial loans.
6. How do I become a customer of Cherokee State Bank?
You can visit any of our branches or call (712) 225-4010 to speak with a representative.
7. What is the bank's deposit insurance coverage?
Your deposits are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC).
8. What is the bank's commitment to social responsibility?
Cherokee State Bank is committed to supporting the community through financial literacy programs, employee volunteerism, and charitable giving.
Cherokee State Bank is more than just a bank; it is a vital part of the Cherokee community. With over 130 years of experience, strong financial performance, and a dedicated team, the bank has earned the trust of generations of customers.
As the community continues to evolve, Cherokee State Bank remains committed to providing innovative and reliable financial services. It is a cornerstone of Cherokee, Iowa, and a trusted financial partner for individuals, families, and businesses alike.
Metric | As of March 31, 2023 |
---|---|
Tier 1 Capital Ratio | 15.51% |
Return on Average Assets | 1.42% |
Net Interest Margin | 3.41% |
Institution | Maximum Coverage |
---|---|
FDIC | $250,000 |
Address | Hours |
---|---|
101 E Main St, Cherokee, IA 51012 | Monday-Friday: 8:30 AM - 5:00 PM, Saturday: 8:30 AM - 12:00 PM |
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