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we've got a long history....Community Bank traces its roots to the Farmers & Miners Bank, founded in 1883 in Lucas. A group of investors purchased Farmers & Miners Bank in 1993 and moved the main office to its present location at Orchard Plaza on the north side of Indianola. The bank, which was renamed at that time, continues to maintain a branch office in Lucas. The vision of the bank’s investors was to provide the depositors with a community-based and locally owned financial institution, and today’s staff shares in that vision. The bank’s philosophy has been a successful one, as shown in its rapid growth. Deposits and loans have increased substantially since the move to Indianola. According to Keith Welling, President and CEO of the bank since 1993, “the growth happened because we aggressively went after the business.” Loan demand continues to be strong and growth continues to be excellent in this area. “Our size enables us to work in direct partnership with loan applicants,” explained Welling. “Our strong correspondent banking relationships allow us to write substantial commercial and ag loans,” he said. In addition, the bank’s local ownership and management allows for decisions to be made quickly. More evidence of the bank’s success and growth is found in the bank branches. On January 15, 1999 the charter was started for our Fort Des Moines Community Bank branch. The Fort Des Moines branch is located at 612 Army Post Road in Des Moines and is part of the historical Fort Des Moines business area. The West Roads branch, located on the west side of Indianola on Highway 92, opened June 7, 2000, and provides bank customers another convenient Indianola location to conduct their business. On April 1, 2003, the bank’s Norwalk branch was opened on Highway 28 in the Legacy Golf Course building development. Our focus on quality and customer service stands out once again as of June 1, 2007 when Community Bank's newest branch was opened in Newton at 2506 1st Ave. The bank remains very committed to serving the needs of Warren County and the surrounding area. “We’ll continue to grow here,” said Welling. “People and businesses want the kind of personalized relationship they have with Community Bank.”
Community Bank will be sending two statements in the month of January due to a computer enhancement. The first statement will be mailed January 13th and then you will receive your usual statement at month end. All customer statement will be sent at month end going forward. Please contact us with any questions.
NOTICE OF CHANGE IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules. The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov. |
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