Exchange State Bank

Exchange State Bank was established on January 1, 1879, originally under the name Exchange State Bank. Over the years, the bank underwent various changes, including a significant relocation of its main office to 322 Audubon, Adair, Iowa, on April 24, 1990. On July 31, 2015, Exchange State Bank transitioned to a state chartered bank and became a member of the Federal Reserve System, with the primary federal regulatory agency designated as the Federal Reserve. These developments reflect the bank's adaptation to regulatory changes and its ongoing commitment to serving the financial needs of its community.

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

1879-01-01Institution established. Original name: Exchange State Bank.

1990-04-24Main Office moved to 322 Audubon, Adair, IA 50002.

2015-07-31Institution becomes member of the Federal Reserve System.

2015-07-31Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

2015-07-31Changed Primary Federal Regulatory Agency to FED.