First American State Bank

First American State Bank was established on November 2, 1936, under the name The Oldham State Bank. Over the years, the institution underwent several changes, including a name change to American State Bank on May 28, 1964, and then to First American State Bank on May 13, 2016. The bank's main office was relocated to Main Street in Oldham, South Dakota, on September 30, 1989, and again to a new address at 101 Main Street in Oldham on March 31, 2006. In a strategic expansion effort, First American State Bank acquired First National Bank in Davenport, Iowa, on October 1, 2016. Ultimately, on November 30, 2018, First American State Bank merged with First National Bank in Slayton, Minnesota, becoming part of that institution.

Below is a list of some important events in banks history, including mergers and acquisitions.

1936-11-02Institution established. Original name: The Oldham State Bank.

1964-05-28Changed Institution Name to American State Bank.

1989-09-30Main Office moved to Main Street, Oldham, SD 57051.

2006-03-31Main Office moved to 101 Main St, Oldham, SD 57051.

2016-05-13Changed Institution Name to First American State Bank.

2016-10-01Acquired First National Bank in Davenport, IA.

2018-11-30Merged and became part of First National Bank in Slayton, MN.