Question 1

What is City State Bank?

Accepted Answer

City State Bank is a locally-owned, family-owned community bank headquartered in Norwalk, Iowa. With approximately $733 million in total assets and $642 million in deposits, it operates as a state-chartered commercial bank that is FDIC-insured (Certificate #14410) and not a member of the Federal Reserve System.

The bank operates as a subsidiary of Albrecht Financial Services, Inc. and emphasizes personalized service over the "bigger is better" philosophy common among large financial institutions. City State Bank serves communities throughout the Des Moines metropolitan area with a focus on personal, business, agricultural, trust, and investment services.

Question 2

When was City State Bank founded?

Accepted Answer

City State Bank was originally established on January 1, 1895, under the name Norwalk-Cumming State Bank. The institution has been serving Iowa communities for over 130 years, making it one of the state's longstanding financial institutions.

On December 28, 1904, the bank changed its trust powers to full trust powers, expanding its service capabilities. A significant transformation occurred on May 18, 2000, when the institution acquired City State Bank in Grimes, Iowa, and adopted the City State Bank name that it uses today.

Question 3

Where is City State Bank headquartered?

Accepted Answer

City State Bank is headquartered at 801 Main Street in Norwalk, Iowa, located in Warren County. Norwalk is part of the Des Moines-West Des Moines metropolitan statistical area, positioning the bank at the heart of central Iowa's economic activity.

Question 4

Where does City State Bank operate?

Accepted Answer

City State Bank operates 9 branch offices throughout central Iowa, primarily serving communities in the Des Moines metropolitan area. The bank's locations include Norwalk (headquarters), Grimes, and Indianola, among other communities in Warren County and surrounding areas.

All branches are located within Iowa, with a concentrated presence in the Des Moines-West Des Moines CBSA. This regional focus allows the bank to maintain deep community ties while serving both urban and suburban markets in central Iowa.

Question 5

What services does City State Bank offer?

Accepted Answer

City State Bank offers comprehensive banking services including:

Personal Banking: Checking accounts, savings accounts, certificates of deposit, money market accounts, individual retirement accounts (IRAs), and personal loans.

Business & Commercial Banking: Business checking and savings, commercial lending, cash management services, and business investment products.

Agricultural Lending: Farm real estate loans, equipment financing, livestock loans, and agricultural operating lines of credit tailored to Iowa's farming community.

Mortgage Services: Residential home loans, construction loans, refinancing options, and home equity products with online pre-qualification available.

Trust & Investment Services: Retirement planning, wealth management, estate planning, trust administration, and investment advisory services through dedicated trust officials.

Insurance Services: Property, casualty, and other insurance products through Albrecht Financial Services.

Digital Banking: Mobile banking app with mobile check deposit, online banking platform, e-statements, bill pay services, and 24/7 account access for managing finances from anywhere.

Question 6

What makes City State Bank unique?

Accepted Answer

City State Bank distinguishes itself through its locally-owned, family-owned structure and commitment to personalized service. In contrast to large regional or national banks, City State Bank emphasizes relationship banking with a "we like being different" philosophy.

The bank has maintained its community banking model for over 130 years while adapting to modern financial needs. With Steve Albrecht serving as President, the bank's leadership maintains direct involvement in operations and community relationships.

City State Bank operates as an S-Corporation with full fiduciary powers exercised, enabling it to provide comprehensive trust and estate services typically associated with larger institutions. The bank's strong financial performance is reflected in its Return on Assets (ROA) of 1.49% and Return on Equity (ROE) of 16.68%, indicating efficient operations and solid profitability.

The bank's commitment to accessibility is evident in its approach: "the coffee is always on" at their Norwalk location, and officials are willing to meet customers at their offices or come to customers if their schedules are tight.

Question 7

What type of financial institution is City State Bank?

Accepted Answer

City State Bank is a state-chartered commercial bank supervised by the Federal Deposit Insurance Corporation (FDIC). As a state charter bank that is not a member of the Federal Reserve System, it operates under Iowa state banking regulations with FDIC oversight.

The bank is classified as a commercial lending specialization institution, reflecting its focus on serving businesses, agricultural operations, and commercial real estate needs alongside traditional retail banking services. This classification aligns with its role serving Iowa's diverse economy, including the agricultural sector that is vital to the region.

City State Bank maintains FDIC insurance (Certificate #14410) with an ABA routing number of 073911061, ensuring depositors have federal protection up to applicable limits.

City State Bank

in the United States 🇺🇸

Crypto-Friendliness

All done!

About City State Bank in the United States