History

Celebration of History

Since 1879, Farmers State Bank has been locally owned and operated with the same name. It was organized as a private bank under the name of Farmers Bank of Jesup. In 1882 the Farmers Bank of Jesup was organized under a National Charter. The Farmers Bank changed its name in 1903 to Farmers State Bank, Jesup, Iowa—a corporation under the Laws of the State of Iowa, with $25,000 capital. Since then, FSB has experienced steady growth, increasing assets to over $700 million and growing to nine full-service branches in Jesup, Dunkerton, Waterloo, Cedar Falls, Gilbertville, La Porte City and Waverly.

Built on the solid foundations of the past, FSB offers local service, solid advice, integrity, and experience, but now on a much grander scale. Originally FSB specialized in agricultural loans, but has evolved into a full-service bank offering all the services to that of a corporate bank. We still prefer names to account numbers and addresses to loan numbers. Relationship-based banking makes sense to us and it’s just how we do business.

Progression

At FSB we continually strive to maintain a high level of customer service. FSB is proud to be a financial institution that is big enough to serve all your financial needs, yet small enough to care about how those needs are met.

Throughout the years, Farmers State Bank has developed a strong reputation for providing outstanding service to clients and strongly supporting local communities. For several years Farmers State Bank has maintained a spot in the top ten lenders in the state of Iowa for Small Business Administration (SBA) lending by providing nearly $9 million in loans to local businesses. FSB has also been recognized as the largest depository bank in Black Hawk County. In 2015, FSB was voted #1 Bank in the Cedar Valley Best of the Best competition. 

The Future

While celebrating a past rich with tradition, we also celebrate our future. The year 2014 marked a special time in Farmers State Bank’s history, as we commemorated our 135th year. We intend to remain independent, with community-oriented leadership, unequaled personal service, great products and services, and the best interest of our customers always in mind. We invite you to experience what “Building your Success” is all about, to be served by people who truly care about your success.