Question 1

What is The First State Bank of Ransom?

Accepted Answer

The First State Bank of Ransom is a community-focused commercial bank with agricultural specialization serving rural Kansas. Established in 1900, it holds the distinction of being the oldest chartered bank in Ness County, Kansas.

With approximately $48.9 million in total assets and $40 million in deposits, the bank operates two branch locations serving the communities of Ransom and Utica. The bank is a state-chartered commercial bank, supervised by the FDIC, and maintains a strong focus on providing personalized customer service to individuals, families, and agricultural businesses in its rural service area.

Question 2

When was The First State Bank of Ransom founded?

Accepted Answer

The First State Bank of Ransom was founded on January 1, 1900, making it over 124 years old. The bank was established to serve the banking needs of the growing agricultural community in Ness County, Kansas, during a period of westward expansion and rural development.

The bank became FDIC insured on March 4, 1937, shortly after the creation of the Federal Deposit Insurance Corporation. Throughout its history, the bank has maintained its commitment to serving the local farming and ranching communities while adapting to modern banking technologies and customer needs.

Question 3

Where is The First State Bank of Ransom headquartered?

Accepted Answer

The First State Bank of Ransom is headquartered in Ransom, Kansas, located in Ness County in west-central Kansas. The main office is situated at 306 S. Vermont Avenue, Ransom, KS 67572.

Ransom is a small rural community that serves as an agricultural hub for the surrounding farming and ranching operations in the region.

Question 4

Where does The First State Bank of Ransom operate?

Accepted Answer

The First State Bank of Ransom operates exclusively in Ness County, Kansas, with two branch locations serving the rural communities of the county.

Branch Locations:
• Ransom Branch (Main Office): 306 S. Vermont Avenue, Ransom, KS 67572
• Utica Branch: 132 S. Ohio Street, Utica, KS 67584

Both locations provide full-service banking with lobby and drive-up services, with the Utica branch operating on a limited schedule (Monday, Wednesday, and Friday mornings).

Question 5

What services does The First State Bank of Ransom offer?

Accepted Answer

The First State Bank of Ransom provides a comprehensive range of personal and business banking services tailored to rural and agricultural customers:

Deposit Products:
• Personal checking and savings accounts
• Business checking and savings accounts
• Certificates of deposit (CDs)
• Money market accounts

Lending Services:
• Agricultural loans (operating loans, equipment financing, real estate loans, livestock loans)
• Commercial business loans
• Consumer loans
• Mortgage loans

Digital Banking Services:
• Online banking platform
• Mobile banking app with mobile deposit
• eStatements (electronic statements)
• Bill pay services
• Debit cards with card control features
• Credit cards with rewards programs

Additional Services:
• ATM access at branch locations
• Wire transfers
• Safe deposit boxes
• Customer support hotline (785-731-2261)
• 24/7 lost/stolen debit card support

Question 6

What makes The First State Bank of Ransom unique?

Accepted Answer

The First State Bank of Ransom distinguishes itself through several key characteristics:

Historical Significance: As the oldest chartered bank in Ness County with over 124 years of continuous operation, the bank has deep roots in the community and an established reputation for stability and reliability.

Agricultural Expertise: The bank maintains a specialized focus on agricultural banking, understanding the unique challenges of farming and ranching operations, including unpredictable weather patterns and fluctuating commodity prices. This specialization allows them to provide tailored financial solutions for agricultural producers.

Community Banking Philosophy: As a locally-focused institution, the bank emphasizes personalized customer service and relationship banking, providing customers with direct access to decision-makers rather than routing requests through distant corporate offices.

Modern Technology with Rural Focus: Despite serving a rural market, the bank has embraced digital banking technologies, offering mobile banking, online account access, and mobile deposit capabilities to provide convenience to customers spread across the county's agricultural landscape.

Question 7

What type of financial institution is The First State Bank of Ransom?

Accepted Answer

The First State Bank of Ransom is a State-Chartered Commercial Bank that operates as a community bank with agricultural specialization.

As a state-chartered institution, the bank is chartered under Kansas state banking laws and is regulated by the Kansas Office of the State Bank Commissioner and the Federal Deposit Insurance Corporation (FDIC). It is classified as a "commercial bank, state charter and Fed nonmember, supervised by the FDIC," meaning it is not a member of the Federal Reserve System but maintains FDIC insurance for depositor protection.

The bank's commercial bank charter allows it to offer a full range of banking services to both individuals and businesses, with particular emphasis on serving agricultural producers, small businesses, and rural consumers in its market area. Its community bank model prioritizes local decision-making and personalized service over standardized corporate banking approaches.

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