West Liberty State Bank

West Liberty State Bank was established on May 31, 1934. Initially, it operated as a state-chartered bank and became a member of the Federal Reserve System on March 2, 1953. Over the years, the institution underwent several regulatory changes; it transitioned to a state-chartered bank not affiliated with the Federal Reserve System on January 31, 1975, at which point it also changed its primary federal regulatory agency to the Federal Deposit Insurance Corporation (FDIC). On December 1, 1980, the main office of West Liberty State Bank was relocated to 101 East Fourth Street in West Liberty, Iowa. Ultimately, on June 30, 2015, West Liberty State Bank merged and became part of South Ottumwa Savings Bank located in Ottumwa, Iowa.

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

1934-05-31Institution established. Original name: West Liberty State Bank.

1953-03-02Institution becomes member of the Federal Reserve System.

1953-03-02Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

1953-03-02Changed Primary Federal Regulatory Agency to FED.

1975-01-31Institution withdraws from membership in the Federal Reserve System.

1975-01-31Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

1975-01-31Changed Primary Federal Regulatory Agency to FDIC.

1980-12-01Main Office moved to 101 East Fourth Street, West Liberty, IA 52776.

2015-06-30Merged and became part of South Ottumwa Savings Bank in Ottumwa, IA.