Bank History

1935 – First State Bank was organized in and opened in what was previously the First National Bank of Webster City. Edward P. Prince, veteran Webster City attorney, served as president.  Other officers included J.J. McGuire as vice-president and B.P. St. John, cashier. When First State Bank first opened its doors in 1935 its resources consisted of $62,500 in capital stock.

October 30, 1969 – First State Bank officials decided to erect a new home located just west of the original building at the corner of Second and Seneca Streets. Construction of the new banking facility got underway with ground-breaking ceremonies at the site on. First State Bank held an open house of its modern bank building on October 17, 1970.

February 1976 – Russell Johnson and Robert Van Diest jointly announced the pending sale of controlling interest in First State Bank. In March of that same year, it was announced that the final approval of the sale of the controlling interest in First State Bank had been received by the Federal Banking authorities and that the purchase had been completed.

July 1979 – Opened First State Bank Motor Bank at 1919 Superior, Webster City, with an automatic teller machine (ATM) installed. This was the first ATM in Webster City. A second ATM was installed at the main office in 1984. The Motor Bank office was closed in May of 1996.  However, in August of 1997, a Drive-Up ATM was installed which allows the customer to use this ATM from the comforts of one’s vehicle.

1983 – Discount brokerage services were offered to bank customers through Bankers Systems Brokerage Service. In August of 1989, First State Bank began offering full brokerage service and that continues today with First State Bank Investment Services. First State Bank Investment Services currently offers these services through Cetera Advisor Networks LLC.

1984 – First State Bank purchased Stanhope Insurance Agency and Farmers State Bank in Stanhope. Complete insurance services were offered to customers through this location.

1988 – First Insurance Services opened in Webster City, now known as Town and Country Insurance. There have been a total of 20 insurance agency acquisitions since 1984. Town and Country Insurance is a professional independent agency that specializes in multiple lines of insurance including Home, Auto, Business, Group and Individual Health, Senior Products, Farm and Crop Insurance. The agency currently has more than 50 insurance professionals providing coverage and expertise from locations in Webster City, Eagle Grove, Clarion, Story City, Fort Dodge and Humboldt.

January 1987 – Farmers State Bank, Stanhope merged with First State Bank. Robert Van Diest had purchased Farmers State Bank of Stanhope from John Walker in 1984, but it wasn’t until 1987 that the merger with First State Bank took place and the Stanhope bank was officially a branch of First State Bank. Since that time First State Bank acquired Liberty Savings Bank in Webster City and Farmers Savings Bank in Vincent and Badger.

2001 – A branch office was opened in Eagle Grove, operating out of a mobile bank until December of 2002, when the new branch office opened.  The location at 323 S Commercial Ave, Eagle Grove, is home to the both the bank and Town & Country Insurance Agency.

May 2007 – First State Bank opened a branch office in Fort Dodge, moving into existing office space at that time. A new facility was built at 3031 5th Ave S. Fort Dodge, in August of 2009 that is shared with Town & Country Insurance Agency.

2011 – Many changes were made in the appearances of both First State Bank and Town & Country Insurance Agency at  in Webster City. Town & Country had an open house celebrating not only remodeling but a complete new addition to the existing office at 409 Second Street. The new and renovated office spaces at the Webster City bank, 505 Second Street, were completed in December of 2011.  The Loan Department is now all located in the new east wing of the bank.

March 2012 – a new office was constructed and opened in Clarion. The 3200 square foot building houses a new full service bank including drive-up lanes and an ATM inside as well as a Town & Country Insurance office.

June 4, 2012 – First State Bank opened a sixth branch office in Humboldt and operated out of a temporary location in the USDA building until construction on the new building was completed in September 2013 at 605 13th Street North, Humboldt.

November 2013 – the sixth Town & Country Insurance branch office joined First State Bank in the newly constructed building at 605 13th Street North in Humboldt. With the new Town & Country Insurance branch came the acquisition of Worthington Insurance, making this Town & County’s 20th agency acquisition. 

To Present – Over the years additional products and services have been added: debit cards, Christmas Club Saving Accounts, imaging of statements, a Kids Club for those 12 and under, telephone and on- line banking, on-line teller, remote capture, mobile banking and F.A.L.C.O.N. monitoring for debit card customers, and, most recently, Quicken and QuickBooks integration and the First State Bank mobile app for your smartphone or tablet!

Today – First State Bank’s assets have now grown to $325,000,000, with capital in excess of $37 million. First State Bank currently employs 113 full and part-time employees between six locations. Current Board of Directors are: Robert Van Diest, Chairman, David Taylor, President and CEO of First State Bank, Douglas Follmann, Executive Vice-President and Agency Manager, Brian McLoughlin, CFO, John Van Diest, Arlo Van Diest and Ron Nagel.