Question 1

What is Central State Bank - State Center?

Accepted Answer

Central State Bank - State Center is a family-owned community bank serving central Iowa communities with a focus on personalized financial services. Originally founded in 1901, the bank has total assets of approximately $548 million and operates three full-service branches in State Center, Ames, and West Des Moines.

The bank specializes in both personal and commercial banking products, offering a full range of traditional banking services combined with modern digital banking platforms. As a locally-owned institution, Central State Bank emphasizes relationship banking and local decision-making.

Question 2

When was Central State Bank - State Center founded?

Accepted Answer

Central State Bank was originally founded in 1901 in State Center, Iowa. The bank's modern history began in 1942 when Wilfred "Bill" Haesemeyer purchased Central State Bank and merged it with First National Bank, which he had acquired in 1937 with A.M. Seih.

Bill Haesemeyer served as President and Director until his retirement and remained on the Board of Directors until his passing in 1993. The purchase and merger in 1942 marked the beginning of the Haesemeyer family's continuous ownership, which has now spanned over 80 years.

Question 3

Where is Central State Bank - State Center headquartered?

Accepted Answer

Central State Bank - State Center is headquartered in State Center, Iowa, located in Marshall County. The main office is situated at 109 West Main Street in State Center, a small community in central Iowa.

State Center is part of the Marshalltown, Iowa Metropolitan Statistical Area.

Question 4

Where does Central State Bank - State Center operate?

Accepted Answer

Central State Bank operates exclusively in central Iowa through three full-service branches. The bank maintains its headquarters and original branch in State Center, Marshall County.

In 2019, the bank expanded to Ames, opening a branch at 2709 Northridge Parkway in the Somerset Village area. In 2022, Central State Bank further expanded into the Des Moines metropolitan market with a West Des Moines location at 140 S. 68th Street.

The bank serves customers throughout the Marshalltown, Ames, and Des Moines metropolitan areas, with significant commercial loan and deposit portfolios extending to surrounding communities including Boone, Indianola, and Knoxville.

Question 5

What services does Central State Bank - State Center offer?

Accepted Answer

Central State Bank offers comprehensive personal and commercial banking services designed for individuals, families, and businesses. Personal banking services include checking and savings accounts, certificates of deposit, and consumer loans.

On the commercial side, the bank provides business checking and savings accounts, commercial lending, and business credit services. The bank has developed particular strength in commercial lending, with over $100 million in commercial loans and $40 million in deposits in the Des Moines market alone.

Digital banking services include 24/7 online banking with account management, bill pay, fund transfers, and e-statements. The mobile banking app offers mobile check deposit, account alerts, transaction viewing, and digital wallet integration. The bank also provides wealth management services through its experienced team.

Question 6

What makes Central State Bank - State Center unique?

Accepted Answer

Central State Bank distinguishes itself through continuous family ownership spanning four generations since 1942. The Haesemeyer family's commitment to local, independent community banking remains central to the bank's identity and operations.

The bank maintains a "family-first" culture that extends beyond ownership to its employees and customers. Bill Haesemeyer's founding philosophy emphasized treating employees like family, a tradition that continues under current Board member Wendy Haesemeyer's leadership.

Despite significant growth—tripling its asset size over the past decade from $137 million in 2010 to over $548 million today—the bank has preserved its community banking focus with local decision-making authority. This combination of traditional relationship banking values with modern digital capabilities creates a distinctive customer experience.

Question 7

What type of financial institution is Central State Bank - State Center?

Accepted Answer

Central State Bank - State Center is a state-chartered community bank. As a community bank, it focuses on serving the financial needs of individuals, families, and businesses within specific geographic markets in central Iowa.

The bank operates as an independent, family-owned institution rather than as part of a larger regional or national banking network. This structure allows Central State Bank to make lending and business decisions locally, respond quickly to customer needs, and maintain deep connections within the communities it serves. The bank is FDIC-insured (CERT #10903) and is the primary entity within its holding company structure.

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