August 27, 2022, is a milestone in Farmers State Bank’s history. Ninety-five years ago, on August 27, 1927, the Iowa Department of Banking approved a Charter for Alburnett State Bank, with $25,000.00 in capital stock.

Roughly eighteen years later, when Morris Neighbor traded his Army sergeant’s uniform for a banker’s suit in 1945, he had no idea the legacy he would create for himself and his family.

Through dedication and resilience, Morris worked his way through leadership roles at the bank until 1968, when Morris and his wife, Betty, purchased Farmers State Bank.

Today, FSB boasts over a billion in assets and over $130 million in capital, with seven branches standing tall across Linn and Johnson Counties. With more than 150 employees, its size is personal enough to know and understand its employees and large enough to accommodate business relationships of all sizes.

“Our core values, integrity, financial responsibility, and the Golden Rule have paved the past and future of FSB,” stated Mr. Gene Neighbor, President & CEO of FSB.

Aside from its financial foundation, the bank believes in giving back to the community. FSB donates more than $200,000 a year to support educational programs, non-profit organizations, and local charities that work to enhance and improve our economic growth and community. The bank founded and exclusively hosts Marion by Moonlight, a concert series held on Thursday nights in June, and supports various other community events through sponsorships and volunteer time.

There are fewer and fewer locally-owned community banks and even fewer family-owned banks in the United States. FSB is proud to stand firmly in both categories, with the Neighbor family being 100% family-owned AND locally-owned in Iowa.

“FSB is thankful for every customer, employee, and community member who has helped us achieve 95 years of excellence,” stated Gene Neighbor, President & CEO of FSB.