IOWA PRAIRIE BANK

Iowa Prairie Bank was established in 1929 under the name First State Bank. Over the years, the institution underwent several significant changes. In 1981, the main office was relocated to 302 Oak Street in Brunsville, Iowa. The bank changed its name to Prairie State Bank in 1999 and acquired Farmers State Bank located in Merrill, Iowa, later that same year. In 2003, it rebranded again, adopting the name Iowa Prairie Bank. The bank became a member of the Federal Reserve System and changed its primary federal regulatory agency to the Federal Reserve on January 28, 1998. After nearly two decades as Iowa Prairie Bank, it was ultimately merged into Iowa State Bank based in Hull, Iowa, on December 4, 2021.

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

DATEEVENT

1929-01-01Institution established. Original name: First State Bank.

1981-12-19Main Office moved to 302 Oak Street, Brunsville, IA 51008.

1998-01-28Institution becomes member of the Federal Reserve System.

1998-01-28Changed Primary Federal Regulatory Agency to FED.

1999-03-20Acquired Farmers State Bank in Merrill, IA.

1999-04-23Changed Institution Name to Prairie State Bank.

2003-01-01Changed Institution Name to Iowa Prairie Bank.

2021-12-04Merged and became part of Iowa State Bank in Hull, IA.