Century Bank

Century Bank was established on March 12, 1934, under the name The City National Bank of Shenandoah. The institution underwent several significant changes throughout its history, including a change in name to Century Bank on December 11, 2013. On the same day, Century Bank also modified its regulatory status, transitioning to a state-chartered bank and withdrawing from the Federal Reserve System, with the Federal Deposit Insurance Corporation (FDIC) becoming its primary regulatory agency. The bank expanded its services in 1973 by acquiring full trust powers and relocated its main office to 116 South Blossom Street in Shenandoah, Iowa. Century Bank was involved in two major mergers in the early 2020s; it merged with The First National Bank in Creston, Iowa, on April 18, 2020, and later merged with Northwest Bank in Spencer, Iowa, on May 13, 2024, marking the conclusion of its independent operations.

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

1934-03-12Institution established. Original name: The City National Bank of Shenandoah.

1973-06-11Main Office moved to 116 South Blossom Street, Shenandoah, IA 51601.

1973-06-11Changed Trust Powers to Full.

2013-12-11Institution withdraws from membership in the Federal Reserve System.

2013-12-11Changed Chartering Agency to State.

2013-12-11Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

2013-12-11Changed Primary Federal Regulatory Agency to FDIC.

2013-12-11Changed Institution Name to Century Bank.

2020-04-18Merged and became part of The First National Bank in Creston in Creston, IA.

2024-05-13Merged and became part of Northwest Bank in Spencer, IA.