Question 1

What is Iowa Savings Bank?

Accepted Answer

Iowa Savings Bank is a community bank headquartered in Carroll, Iowa, serving west-central Iowa with approximately $282 million in total assets and 5 branch locations. The bank provides comprehensive personal and business banking services to individuals, families, and businesses throughout the Carroll, Iowa metropolitan area. As an independent community institution, Iowa Savings Bank emphasizes relationship banking and local decision-making for customers in rural and small-town Iowa communities.

Question 2

When was Iowa Savings Bank founded?

Accepted Answer

Iowa Savings Bank was founded on February 1, 1902, making it one of Iowa's longest-operating community banks with over 120 years of continuous service. The bank was established to serve the financial needs of Carroll and surrounding communities during the early 20th century agricultural expansion.

The institution has maintained its independence and community focus throughout its history, adapting to changing economic conditions while remaining committed to serving local customers. Iowa Savings Bank has been a member of the FDIC since August 22, 1934, providing deposit insurance protection shortly after the FDIC's establishment.

Question 3

Where is Iowa Savings Bank headquartered?

Accepted Answer

Iowa Savings Bank is headquartered in Carroll, Iowa, a city of approximately 10,000 residents in west-central Iowa. The bank's main office is located at 510 West US Highway 30 in Carroll, providing convenient access along the primary commercial corridor.

Carroll serves as the county seat of Carroll County and is located approximately 70 miles west of Des Moines along US Highway 30.

Question 4

Where does Iowa Savings Bank operate?

Accepted Answer

Iowa Savings Bank operates 5 branch offices throughout the Carroll, Iowa metropolitan area and surrounding communities in west-central Iowa. The bank's service area encompasses Carroll County and adjacent rural communities.

As a community bank, Iowa Savings Bank maintains a focused geographic footprint that allows for personalized service and deep community relationships. All branches are located in Iowa, with no out-of-state operations.

Question 5

What services does Iowa Savings Bank offer?

Accepted Answer

Iowa Savings Bank provides a full range of personal and business banking services, including:

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

Business Banking: Business checking accounts, business savings, merchant services, commercial loans, equipment financing, and cash management services.

Lending Services: Real estate loans, construction financing, consumer loans, automobile loans, equipment financing, and agricultural lending.

Digital Services: Online banking, mobile banking, mobile deposit, bill pay, eStatements, and 24-hour ATM access. The bank provides convenient digital tools while maintaining personal customer service.

Specialized Services: Safe deposit boxes, wire transfers, cashier's checks, money orders, and financial calculators for planning purposes.

Question 6

What makes Iowa Savings Bank unique?

Accepted Answer

Iowa Savings Bank distinguishes itself through its strong financial performance, with a Return on Assets (ROA) of 1.52% and Return on Equity (ROE) of 18.39%, significantly exceeding industry averages. This robust profitability reflects sound management and efficient operations.

The bank operates as a Subchapter S Corporation, providing tax advantages that can be passed to shareholders while maintaining its community banking structure. With approximately 30 employees, Iowa Savings Bank maintains a lean, efficient operation that allows for competitive pricing and personalized service.

As a member of the Community Bankers of Iowa and with over 120 years of continuous service in Carroll, the bank has deep roots in the community and maintains relationships spanning multiple generations of customers and families.

Question 7

What type of financial institution is Iowa Savings Bank?

Accepted Answer

Iowa Savings Bank is a State Chartered Commercial Bank operating as a Fed non-member institution supervised by the FDIC. The bank is classified as a community bank serving assets under $1 billion, with a primary focus on serving local markets and maintaining customer relationships.

As a state-chartered, FDIC-insured institution, Iowa Savings Bank provides full banking services while maintaining independence from the Federal Reserve System. The bank's community bank classification reflects its commitment to local ownership, decision-making, and service to customers in its defined geographic market.

Iowa Savings Bank

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About Iowa Savings Bank in the United States