Farmers State Bank

Farmers State Bank was established on May 18, 1918, in Wallace, Nebraska. The institution has undergone several significant changes throughout its history. Initially operating as a member of the Federal Reserve System, it changed its regulatory agency to the Federal Deposit Insurance Corporation (FDIC) on February 2, 1971, while also withdrawing from the Federal Reserve System. On August 23, 1996, it rejoined the Federal Reserve System as a state-chartered bank and changed its primary regulatory agency back to the Federal Reserve. The bank's main office was relocated to Main Street in Wallace on March 26, 1977, and later to 234 South Commercial Avenue in Wallace on March 31, 2006. In a significant development, Farmers State Bank merged with First State Bank on July 9, 2016, becoming part of this new entity based in Gothenburg, Nebraska. The institution underwent a rebranding and officially changed its name to Dayspring Bank on June 5, 2023.

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

1918-05-18Institution established. Original name: Farmers State Bank.

1938-11-16Institution becomes member of the Federal Reserve System.

1938-11-16Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

1938-11-16Changed Primary Federal Regulatory Agency to FED.

1971-02-02Institution withdraws from membership in the Federal Reserve System.

1971-02-02Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

1971-02-02Changed Primary Federal Regulatory Agency to FDIC.

1977-03-26Main Office moved to Main Street (East Side), Wallace, NE 69169.

1996-08-23Institution becomes member of the Federal Reserve System.

1996-08-23Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

1996-08-23Changed Primary Federal Regulatory Agency to FED.

2006-03-31Main Office moved to 234 S Commercial Ave, Wallace, NE 69169.

2016-07-09Merged and became part of First State Bank (13622) in Gothenburg, NE.

2023-06-05Changed Institution Name to Dayspring Bank.