Farmers State Bank

Farmers State Bank was established on January 1, 1925, originally under the name Farmers & Merchants State Bank. The bank underwent several name changes and acquisitions throughout its history, including a notable name change to Farmers & Merchants State Bank on January 31, 2009, before adopting the name Farmers State Bank on October 1, 2010. On the same date, Farmers State Bank acquired another institution located in Stickney, South Dakota, and subsequently moved its main office to 221 Main Street, Stickney, South Dakota. In a series of expansions, the bank also acquired Farmers State Bank of Carthage, South Dakota, on April 10, 1986, and relocated its main office to 201 Ottowa Street in Iroquois, South Dakota, on April 20, 1990. Ultimately, on July 1, 2018, Farmers State Bank merged with American Bank & Trust in Wessington Springs, South Dakota, marking the end of its independent operation.

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

1925-01-01Institution established. Original name: Farmers & Merchants State Bank.

1986-04-10Acquired Farmers State Bank of Carthage, South Dakota in Carthage, SD.

1990-04-20Main Office moved to 201 Ottowa Street, Iroquois, SD 57353.

2009-01-31Changed Institution Name to Farmers & Merchants State Bank.

2010-10-01Main Office moved to 221 Main Street, Stickney, SD 57375.

2010-10-01Acquired Farmers State Bank in Stickney, SD.

2010-10-01Changed Institution Name to Farmers State Bank.

2018-07-01Merged and became part of American Bank & Trust in Wessington Springs, SD.