Question 1

What is Commercial Savings Bank?

Accepted Answer

Commercial Savings Bank is a locally-owned community bank serving Carroll County, Iowa. With approximately $316 million in total assets and 2 offices, the bank specializes in real estate lending for both residential and commercial properties.

Known as the "Friendly Bank," Commercial Savings Bank has established itself as Carroll's premier real estate lender while also providing comprehensive small business, consumer, and agricultural lending services. The institution operates as a state-chartered commercial bank with Federal Reserve membership and maintains FDIC insurance for depositor protection.

Question 2

When was Commercial Savings Bank founded?

Accepted Answer

Commercial Savings Bank was founded in 1917 with an initial capital of $25,000 and three employees. The bank was established to serve the financial needs of Carroll County residents during a period of agricultural and commercial growth in rural Iowa.

Over its more than 100-year history, local ownership and management have remained the foundation of the bank's strength and continue to define its unique character. The bank has evolved from its modest beginnings into a full-service financial institution while maintaining its community banking roots and commitment to personalized service.

Question 3

Where is Commercial Savings Bank headquartered?

Accepted Answer

Commercial Savings Bank is headquartered in Carroll, Iowa. The main office is located at 325 West US Highway 30 in Carroll, with an additional branch at 627 N Adams Street, also in Carroll.

Question 4

Where does Commercial Savings Bank operate?

Accepted Answer

Commercial Savings Bank operates exclusively within Carroll County, Iowa. The bank maintains 2 full-service offices in the city of Carroll, serving the local community and surrounding areas within the county.

The bank's focused geographic footprint allows it to maintain deep relationships with local customers and provide personalized service tailored to the financial needs of Carroll County residents and businesses.

Question 5

What services does Commercial Savings Bank offer?

Accepted Answer

Commercial Savings Bank provides a comprehensive range of personal and business banking services:

Deposit Products: Checking accounts, savings accounts, money market accounts, certificates of deposit (CDs), Individual Retirement Accounts (IRAs), and Health Savings Accounts (HSAs).

Lending Services: Real estate loans (residential and commercial), small business loans, agricultural loans, consumer loans, equipment financing, vehicle loans, construction loans, and overdraft protection.

Digital Banking: Free online banking available 24/7, mobile banking app for iOS and Android devices with remote check deposit capability, online bill pay, account-to-account transfers (including external accounts), account alerts via text or email, debit card management with on/off controls, and temporary limit adjustments.

Business Banking: Wire transfers, ACH capabilities, cash management services, business checking and savings accounts, and commercial lending solutions.

Additional Services: Safe deposit boxes, debit and ATM cards, financial calculators (mortgage, savings, loan payment), and the ClickSWITCH service to help customers easily transfer automated payments and direct deposits from other institutions.

Question 6

What makes Commercial Savings Bank unique?

Accepted Answer

Local Ownership & Community Focus: Commercial Savings Bank has maintained local ownership and management throughout its 100+ year history, allowing it to remain deeply connected to the Carroll County community and make decisions locally rather than at a distant corporate headquarters.

Real Estate Lending Expertise: The bank has distinguished itself as Carroll's premier real estate lender, specializing in both residential and commercial property financing with expertise in the local market.

Agricultural Banking Heritage: Serving a predominantly agricultural region, the bank offers specialized agricultural loan products and understands the unique financial needs of farming operations, providing flexible financing to support and expand farm businesses.

Customer Service Recognition: The bank has earned customer testimonials praising its "wonderful service," "great customer service," and quick issue resolution, with many customers maintaining relationships spanning decades. The bank's motto "Our interest is YOU" reflects its customer-first philosophy.

Free Digital Banking Suite: The bank offers a robust, free digital banking platform with full-featured mobile apps, remote check deposit, online bill pay, and comprehensive account management tools, providing modern convenience while maintaining the personal touch of a community bank.

Question 7

What type of financial institution is Commercial Savings Bank?

Accepted Answer

Commercial Savings Bank is a state-chartered commercial bank. As a state bank, it operates under an Iowa state charter while also maintaining membership in the Federal Reserve System.

The bank operates as an S-Corporation for tax purposes and holds fiduciary powers, which it actively exercises. With its commercial lending specialization, focus on real estate financing, and comprehensive business banking services, Commercial Savings Bank functions as a full-service community commercial bank serving both retail customers and business clients.

The institution is regulated by the Federal Reserve as its primary federal regulator and maintains FDIC insurance to protect depositor funds up to applicable limits.

Commercial Savings Bank

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About Commercial Savings Bank in the United States