Peoples Trust and Savings Bank

Peoples Trust and Savings Bank was established on March 20, 1928. The institution originally operated under the name Peoples Trust and Savings Bank. Over the years, the bank underwent several changes in its main office location, moving first to Main Street in Riverside, Iowa, on December 30, 1989, and later relocating to 90 East Railroad Street in Riverside on December 28, 2004. Notably, on August 4, 1976, the bank changed its trust powers to full trust powers, expanding its financial services capabilities. On December 8, 2023, Peoples Trust and Savings Bank merged with Farmers and Merchants Savings Bank, becoming part of the latter institution in Iowa City, Iowa.

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

1928-03-20Institution established. Original name: Peoples Trust and Savings Bank.

1976-08-04Changed Trust Powers to Full

1989-12-30Main Office moved to Main Street, Riverside, IA 52327.

2004-12-28Main Office moved to 90 East Railroad Street, Riverside, IA 52327.

2023-12-08Merged and became part of Farmers and Merchants Savings Bank in Iowa City, IA.