Question 1

What is First State Bank (Hordville, NE)?

Accepted Answer

First State Bank is a community-focused state-chartered commercial bank based in the small town of Hordville, Nebraska. Operating as a single-branch institution, the bank serves the local community in Hamilton County with approximately $44.7 million in total assets and $37.1 million in deposits as of July 2024.

The bank operates as a subsidiary of Firstand Co. and maintains FDIC insurance with certificate number 8604. With over a century of service to rural Nebraska, First State Bank specializes in providing personalized banking solutions to individuals, families, farms, and small businesses in the region.

Question 2

When was First State Bank (Hordville, NE) founded?

Accepted Answer

First State Bank was established on September 10, 1906, shortly after the town of Hordville itself was founded. The bank was originally incorporated as the First State Bank of Hordville with capital of $10,000.

The institution was organized by Wesley, Nathan, and Victor Wilson, with C. Victor Nelson serving as the first cashier. Building materials for the original bank were hauled from Stromsburg by team and wagon, and during construction, banking operations were temporarily conducted in the local drug store building.

Throughout its history, the bank changed ownership several times. In 1910, it was sold to W.I. Farley and A.W. Hickman. In 1918, L.G. Crampton became cashier, followed by R.C. Gustafson who joined as a bank clerk, eventually becoming cashier in 1922 and president in 1927. In 1957, Richard Anderson was hired as cashier and later became president.

The bank relocated its main office to 201 Main Street in Hordville on April 18, 1990, where it continues to operate today. Notably, the bank has been robbed twice in its history—once in the fall of 1928 and again on December 26, 1974.

Question 3

Where is First State Bank (Hordville, NE) headquartered?

Accepted Answer

First State Bank is headquartered at 201 Main Street in Hordville, Nebraska. Hordville is a small rural community located in Hamilton County in south-central Nebraska.

Question 4

Where does First State Bank (Hordville, NE) operate?

Accepted Answer

First State Bank operates exclusively through a single branch location at its headquarters in Hordville, Nebraska. The bank serves the local community of Hordville and the surrounding areas of Hamilton County.

As a true community bank, its primary service area encompasses the rural agricultural communities in the south-central Nebraska region. The bank does not maintain any offices outside of Nebraska.

Question 5

What services does First State Bank (Hordville, NE) offer?

Accepted Answer

First State Bank provides a comprehensive range of traditional community banking services tailored to rural customers.

Personal Banking: The bank offers checking accounts, savings accounts, certificates of deposit, personal loans, mortgages, home equity loans, and consumer credit cards. Customers can access retail banking products designed for individual and family financial needs.

Agricultural Banking: Given its rural location, First State Bank has a strong focus on agricultural lending and services to support local farming operations, which are vital to the regional economy.

Business and Commercial Banking: The bank provides business checking and savings accounts, commercial loans, lines of credit, and business credit cards to support small and medium-sized businesses in the community.

Digital Banking Services: First State Bank offers modern online banking and mobile banking platforms, allowing customers to manage accounts, transfer funds, pay bills, and make mobile deposits through their smartphones. The bank's digital services include multi-factor authentication for security, instant account alerts, debit card controls, and credit monitoring through Credit Sense.

Insurance Services: Through First State Bank Insurance Agency, the bank also provides insurance products to meet the protection needs of its customers.

Question 6

What makes First State Bank (Hordville, NE) unique?

Accepted Answer

First State Bank distinguishes itself through its deep commitment to small-town community banking and personalized customer relationships. As a single-branch institution with over 118 years of continuous service to Hordville, the bank exemplifies the traditional community banking model.

Despite its small size and rural location, the bank has successfully integrated modern digital banking technology while maintaining the personal touch that larger financial institutions often lack. Customers have access to mobile banking apps with advanced features like mobile deposit, card controls, and credit monitoring—services typically associated with much larger banks.

The bank's longevity and resilience are remarkable. Having survived the Great Depression, two robberies, and numerous economic cycles since 1906, First State Bank has remained independently operated and locally focused. Its status as a subsidiary of Firstand Co. provides stability while preserving its community banking character.

With strong financial performance indicators including a return on assets of 0.65% and return on equity of 5.6%, the bank demonstrates sound management while serving a limited geographic market. Its dedication to agricultural lending reflects an understanding of the economic foundation of its service area, making it an essential financial partner for local farmers and rural businesses.

Question 7

What type of financial institution is First State Bank (Hordville, NE)?

Accepted Answer

First State Bank is a State-Chartered Commercial Bank that is not a member of the Federal Reserve System. It operates under state banking regulations and is supervised by the Federal Deposit Insurance Corporation (FDIC).

As a state non-member commercial bank, First State Bank is chartered under Nebraska state banking laws rather than federal regulations, giving it flexibility to focus on the specific needs of its local market. The bank's commercial banking classification means it can offer a full range of deposit and lending services to both individuals and businesses.

Despite its commercial bank designation, First State Bank functions primarily as a community bank, emphasizing relationship-based banking and personalized service to residents and businesses in its immediate geographic area. This combination of state charter flexibility and community banking focus allows the institution to serve the unique financial needs of rural Nebraska effectively.

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