First State Bank

First State Bank was established in 1900 as The First National Bank of Sumner. Over the years, the institution underwent several significant changes. On February 27, 1990, its main office was moved to 106 West First Street in Sumner, Iowa. On June 28, 1993, the bank changed its name to First State Bank and transitioned its primary federal regulatory agency to the Federal Deposit Insurance Corporation (FDIC), while also withdrawing from membership in the Federal Reserve System. The main office was relocated again on October 8, 2012, to 1150 West 1st Street in Sumner. The bank continued to operate until March 26, 2021, when it merged with Northeast Security Bank, also based in Sumner, Iowa.

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

1900-01-01Institution established. Original name: The First National Bank of Sumner.

1990-02-27Main Office moved to 106 West First Street, Sumner, IA 50674.

1993-06-28Institution withdraws from membership in the Federal Reserve System.

1993-06-28Changed Chartering Agency to State.

1993-06-28Changed Primary Federal Regulatory Agency to FDIC.

1993-06-28Changed Institution Name to First State Bank.

2012-10-08Main Office moved to 1150 West 1st Street, Sumner, IA 50674.

2021-03-26Merged and became part of Northeast Security Bank in Sumner, IA.