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The History of First State Bank Webster City
First State Bank was organized in 1935, and opened in what was previously the First National Bank of Webster City. We remain the only locally owned and operated financial institution in Webster City.
When First State Bank first opened its doors in 1935 its resources consisted of $62,500 in capital stock. Assets have grown to over $500,000,000 with capital in excess of $65 million. First State Bank currently employs one hundred twenty two full and/or part-time employees between all locations.
First State Bank officials decided to erect a new home located just west of the original building at the corner of Second and Seneca Street. Construction of the new banking facility got underway with ground-breaking ceremonies at the site on October 30, 1969. First State Bank held an open house of its new modern bank building on Saturday, October 17, 1970.
February 1976, Russell Johnson and Robert Van Diest jointly announced the pending sale of controlling interest in the First State Bank. March of that same year it was announced that the final approval of the sale of the controlling interest in the First State Bank had been received by the Federal Banking authorities and that the purchase had been completed.
First State Bank has been instrumental in bringing financial products and services to its customers. Among those significant additions:
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 under the name of First State Bank Investment Services, First State Bank offers these services through Cetera Advisor Networks LLC.
We are a full service community bank offering the products and services to meet your banking needs. From Checking Accounts to Mortgage Loans and Business Loans, we can assist you with all your financial needs.
Contact the Webster City Iowa branch for assistance with all your banking needs. Need assistance after hours? We are available 24/7 with Online Banking & Mobile Banking.
Learn more about our Electronic Banking Services.