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In May 2015, the bank acquired Central Bancshares of Golden Valley, Minnesota for $134 million in cash and stock. [6] In 2017, the bank opened its first branch in Denver, Colorado. [7] In June 2018, Barry S. Ray was hired as the Chief Financial Officer. In November 2022, Charles N. Reeves was hired as the Chief Executive Officer.
In the United States, a state bank is a bank in a U.S. state that is chartered by the government of that state, as opposed to a national bank which is chartered at the federal level. [ 1 ] [ 2 ] Overview
In 1994, Brookings Federal Bank, a federal savings bank in Brookings, South Dakota, was acquired and operated as the Brookings Federal Bank Division of First Federal Savings Bank of the Midwest. [8] In 1996, Iowa Savings Bank in Des Moines was purchased and operated as the Iowa Savings Bank Division of First Federal Savings Bank of the Midwest. [9]
The bank was purchased by Central Bancshares, Inc., on April 1, 2015 and concurrently merged into Central State Bank, Muscatine, Iowa. It continued to operate under its former name, as an office of Central State Bank until September 1, 2015, when all Central State Bank locations were combined under the same name and branding of CBI Bank & Trust.
Over the years it was known as Cedar County Bank, First National Bank of Tipton, and City National Bank. The directors of City National Bank voted on March 28, 1923, to build a new bank building. They hired the Clinton, Iowa architectural firm J.C. Woods & Co. to design the Neoclassical style structure. Construction was completed in 1924.
Its first office was located in a hardware store office. In 1938, First State Bank's assets were the largest of any town in Nebraska with a population of 1,000 or less. The Lauritzen family purchased First State Bank in 1952. First State Bank added a branch in Alma by purchasing the Harlan County Bank in 2006. [14]
Johnson County Savings Bank, also known as Iowa State Bank, is a historic building located in Iowa City, Iowa, United States. Completed in 1912, it is a six-story, brick structure that rises to a height of 72.45 feet (22.08 m). [ 2 ]
State Savings Bank, also known as the Old Savings Bank, is a historic building located in Council Bluffs, Iowa, United States. the bank was established in 1889, and was originally located across the street. Planning for this building began in 1941 with the organization of the State Investment Company, which would build and own the building.
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