Question 1

What is Citizens State Bank & Trust?

Accepted Answer

Citizens State Bank & Trust is a community bank serving south-central Kansas with a focus on relationship-based banking. Headquartered in Ellsworth, Kansas, the bank operates 6 branch locations across multiple Kansas counties.

With approximately $264 million in assets, the bank has been family-owned since its founding and has maintained deep roots in the communities it serves. Citizens State Bank & Trust offers a comprehensive range of banking services including agricultural lending, commercial banking, residential mortgages, and personal banking products. The bank prides itself on its experienced staff and personalized approach to meeting customer needs.

Question 2

When was Citizens State Bank & Trust founded?

Accepted Answer

Citizens State Bank & Trust opened for business on June 16, 1900, in a building at the northwest corner of First Street and Douglas Avenue in Ellsworth, Kansas. The bank's first day of operations recorded total deposits of $842.80, which grew to $2,403.11 by the end of June 1900.

The original Board of Directors and first officers established the bank with an initial capital investment of $25,000. Throughout its 120+ year history, ten presidents have served the bank, with two families—the McManes family and three generations of the Britton family (Don, Roy, and Dane)—guiding the institution for 64 of those years. In 1993, the Brittons sold the bank to a local group of investors, giving employees part ownership.

Question 3

Where is Citizens State Bank & Trust headquartered?

Accepted Answer

Citizens State Bank & Trust is headquartered in Ellsworth, Kansas. The main bank building is located at 203 North Douglas Avenue, on the northeast corner of Douglas Avenue and First Street in Ellsworth.

The bank moved to this location in August 1931 when it purchased the former Central National Bank building. This historic building, originally constructed with Bedford stone featuring four columns in the front and a distinctive interior with chocolate and cream walls and a metal ceiling, remains the bank's home office today.

Question 4

Where does Citizens State Bank & Trust operate?

Accepted Answer

Citizens State Bank & Trust operates across multiple counties in south-central Kansas with 6 branch locations. The bank serves communities in Ellsworth County, Lincoln County, Ottawa County, and surrounding areas.

Through strategic acquisitions over the years, the bank has expanded its footprint to include locations in Ellsworth (including the main office and a junction facility at Highway 156 and 40), Lincoln, Delphos, Glasco, and Minneapolis. In December 2010, the bank acquired Midwest Community Bank (formerly The Farmers National Bank) in Lincoln, and in March 2015, it acquired The State Bank of Delphos and Ottawa County Bank, adding three additional locations. This expansion strategy has allowed Citizens State Bank & Trust to serve a diverse range of customers across the region.

Question 5

What services does Citizens State Bank & Trust offer?

Accepted Answer

Citizens State Bank & Trust offers a comprehensive range of financial services to meet the needs of individuals, businesses, and agricultural operations. The bank's diverse lending portfolio includes agricultural loans, commercial loans, home mortgages, construction and development financing, and personal loans.

Deposit products include checking accounts, savings accounts, money market accounts, and certificates of deposit. The bank added a Trust Department in 1974, which now manages over $100 million in assets and provides estate planning, investment management, and fiduciary services.

Additional services include online banking, mobile banking, treasury management services for businesses, and safe deposit boxes. The bank's experienced staff provides personalized financial guidance to help customers achieve their financial goals across all life stages.

Question 6

What makes Citizens State Bank & Trust unique?

Accepted Answer

Citizens State Bank & Trust distinguishes itself through 120+ years of continuous service to the same communities, making it one of Kansas's most established banking institutions. The bank's transformation to employee ownership in 1993 created a unique stakeholder structure where employees have vested interest in customer success.

The bank has demonstrated remarkable resilience and stability, surviving the Great Depression and numerous economic cycles while maintaining local ownership and control. With total capital accounts growing from an initial $25,000 to over $10 million and assets expanding from less than $100,000 to over $110 million, the bank has achieved steady growth without sacrificing its community bank character.

The bank's strong financial performance is reflected in its Return on Assets (ROA) of 1.29% and Return on Equity (ROE) of 19.65%, both exceeding industry averages. Citizens State Bank & Trust's combination of agricultural expertise, trust services, and multi-generational relationships with customers creates a unique value proposition in rural Kansas banking.

Question 7

What type of financial institution is Citizens State Bank & Trust?

Accepted Answer

Citizens State Bank & Trust is a state-chartered commercial bank regulated by the Federal Deposit Insurance Corporation (FDIC) and operates as a member of the Federal Reserve System. The bank holds both commercial and trust powers, allowing it to provide a full range of banking and fiduciary services.

As a community bank, Citizens State Bank & Trust focuses on relationship banking with deep knowledge of local markets and economies. The bank's designation as both a commercial bank and trust company enables it to serve customers' complete financial needs, from everyday banking transactions to complex trust and estate planning services. This dual capability, combined with its community bank structure, positions the institution to provide comprehensive financial solutions while maintaining the personal touch and local decision-making authority that distinguishes it from larger regional or national banks.

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