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Current Events

SBA’s Paycheck Protection Program

For more information: 

Community Banker of Iowa (CBI)

or Iowa Bankers Association (IBA)


Farm Stress Management with Personalities in Mind

Webinar from the Iowa Farm Bureau

Login or become a  member of the Iowa Farm Bureau to watch this webinar.


Farmland Leasing Meeting

Iowa State University Extension and Outreach

Thursday, August 13, 6:30 p.m.

Kossuth County Extension Office

1121 HWY 18 E, Algona


Participants will park and remain in their vehicle.  A low range FM channel will be provided, so participants can tune in and listen to the speaker.

A 100-page workbook to compliment the program will be included with registration.  The workbook includes land leasing information, such as surveys, sample written lease agreement and termination forms.

Meeting Topics:

  • Trends in cash rental rates and land values

  • Methods for determine a fair rental rate

Registration Information:

  • Fee is $20 per person

  • Pre-register by Tuesday, August 11, 4:00 p.m.

  • To register contact the Kossuth County Extension Office (515) 295-2469 or visit

For more information:


For a Cause - July

Sun Safety

For A Cause - June

National Cancer Survivor Month

Farmers State Bank staff is supporting National Cancer Survivor Month.  We are taking a moment to honor survivors' determination and courage.

For more information go to American Cancer Society:

Use this link to listen to some first hand accounts:

From the CDC, "The rate of cancer deaths per 100,000 people in the United States is expected to keep going down."  Further information on Expected New Cancer Cases and Deaths in 2020:,per%20100%2C000%20people%20in%202020.

For a Cause - May

Mental Health Awareness Month

COVID-19 and your mental health

By Mayo Clinic Staff

Recognizing what's typical and what's not

Stress is a normal psychological and physical reaction to the demands of life. Everyone reacts differently to difficult situations, and it's normal to feel stress and worry during a crisis. But multiple challenges daily, such as the effects of the COVID-19 pandemic, can push you beyond your ability to cope.

Many people may have mental health concerns, such as symptoms of anxiety and depression during this time. And feelings may change over time.

Despite your best efforts, you may find yourself feeling helpless, sad, angry, irritable, hopeless, anxious or afraid. You may have trouble concentrating on typical tasks, changes in appetite, body aches and pains, or difficulty sleeping or you may struggle to face routine chores.

When these signs and symptoms last for several days in a row, make you miserable and cause problems in your daily life so that you find it hard to carry out normal responsibilities, it's time to ask for help.

For more information click here.

Check out this extensive resource: or contact National Alliance on Mental Illness "NAMI" HelpLine: call (800) 950-NAMI Monday - Friday between 10:00 a.m. & 6:00 p.m. email [email protected]

If it is urgent that you talk to someone call the National Suicide Prevention Lifeline at 1-800-273-TALK (1-800-273-8255) or use its webchat at

For a Cause - April

Child Abuse Prevention Month

Parents have a right to be stressed. But don't take it out on your kids.

CNN Health 

By Melissa Merrick PhD and Robert Sege MD, PhD

Updated 9:02 AM ET, Tue April 7, 2020





Coronavirus (COVID-19)

Coronavirus is currently a big concern in American society. It is officially a pandemic.  At Farmers State Bank, we have a pandemic plan ready to guide us through this event. Currently, we are operating as usual, as long as we are not endangering the health of our customers or staff.

We are monitoring the Centers for Disease Control and Prevention, “CDC,” & the Iowa Department of Public Health, “IDPH,” for current health information.  We are educating our staff on risks, symptoms and prevention methods.  We are regularly cleaning and sanitizing throughout the bank.  We are encouraging ill employees to stay home until they are symptom free, and are planning for increased employee absences.

While the coronavirus is not in our community, there are still safety measures you can take to minimize the possibility for an outbreak.

  • Clean your hands often.  Wash hands for 20 seconds or use a hand sanitizer that contains at least 60% alcohol. Also, avoid touching your eyes, nose and mouth with unwashed hands.
  • Avoid close contact with people who are sick.  Put distance between yourself and other people.
  • Stay home if you are sick.
  • Cover your coughs and sneezes.
  • Wear a facemask if you are sick.  
  • Clean and disinfect frequently touched surfaces daily.

It is important to educate yourself, and take proper precautions.  If you are limiting the amount you go out in public, we have financial tools that will be convenient for you.

  • Online Banking & our mobile app, FSBIOWA
    • Checking your account balances
    • Looking through your transaction history
    • Bill Pay
    • Transferring funds across accounts
    • Easily making a loan payment
  • Mobile Deposit
  • Telebanking – (800) 591-5343
  • EStatements
  • ATMs
  • Night drop
  • Email or telephone

Beware of scams.  Look out for suspicious email and text messages, medical supply scams, and fraudulent donation sites that may impersonate a company, charity, or government agency. The intent is to convince you to share sensitive information such as usernames and passwords, make purchases or donations on spoof websites, or download malware onto your device by opening a malicious attachment. If you receive a suspicious text message, don’t respond, don’t click on or open links and attachments.

The following websites have up-to-date information on the coronavirus (COVID-19).

We will be having updates on our website,, and on Facebook & Twitter. Please reach out if you have concerns.  Your financial needs are our priority. 


FSB Trivia Tuesdays 2020

Trivia Questions and Answers

Question #1:  What was the original name of Farmers State Bank?

Answer #1:  German-American Bank


Question #2:  What year did the West Bend location open?

Answer #2:  2006


Question #3:  Who was President before Jack Geelan?

Answer #3: Vic Perkins


Questions #4:  What year did Sean Noonan become the President of FSB?

Answer #4:  2004


Question #5: When FSB first moved to Algona, what building to it move into?

Answer #5: Home Federal


Question #6: How many employees does FSB have?

Answer #6: 21


Question #7:  What is the FSB slogan on our logo?

Answer #7:  A Strong History, A Bright Future


Question #8: What year did FSB introduce Internet banking?

Answer #8:  2005


Question #9:  What is Fiserv?

Answer #9:  The company that provides financial technology to FSB.


Question #10:  What happened to the original FSB building during the Whittemore fire of 1898?

Answer #10 It was the only building left standing on the South side of the street.


Question #11: What is the highest interest rate paid out on a CD at FSB?

Answer #11: 18%


Questions #12:  Photo of Whittemore Bank and the demolition of the neighboring building.

Answer #12: 1989


Question #13: What was the year the FSB Algona location opened on 220 East State St.?

Answer #13: 1992


Question #14:  Who is Hayim Solomon?

Answer #14: Funded Continental Army.  Per his request, the Star of David was placed on the dollar bill.


Question #15: What year was Algona's addition built?

Answer #15: 2013


Question #16: Who became President of FSB in 1917?

Answer #16:  Frank Bestenlehner


Question #17:  What year did FSB introduce its Mobile App?

Question #17:  2016


Question #18:  Name three of the six 1968 Board Members.

Answer #18:  Wilbur Roeber, Frank Foley, Gene McMahon, Vic Perkins, Jim Geelan & Harry Seely


Question #19: What year was the bank's name changed?

Answer #19: 1917


Question #20: Name 3 of the FSB loan officers.

Answer #20:  Brian Kollasch, Deb Kenne, Jarrod Weichert, Sean Noonan, Tiffany Green & Tascha Wykoff


Question #21: What significant event in FSB history happened in 1968?

Answer #21: The bank moved to 412 Broad Street in Whittemore.


Question #22: What is the current FDIC insurance coverage limit?

Answer #22: $250,000


Question #23:  What was the first form of currency?

Answer #23: shekel 


Question #24:

Answer #24:


Question #25:

Answer #25:


Trivia Rules and Instructions

On March 3, 2020, Farmers State Bank will begin Trivia Tuesdays to celebrate our 125th Anniversary. 


There will be 25 questions for 25 weeks:  Beginning March 3, 2020 and ending August 25, 2020.

  1. Everyone may participate & has an equal chance.

  2. No purchase, payment, donation or account is required to enter or win the contest.

  3. Winners do not have to be present to win.

  4. The odds of winning are dependent on number of entries.

  5. Current and former staff members are not allowed to participate.

  6. One answer, per person, each week.

  7. One prize, per person, throughout the entirety of the game, except for the final prize.


  1. A new question will be posted on Facebook, on and displayed in the lobby of all 3 Farmers State Banks every Tuesday till Friday.

  2. Answers can be (1) direct messaged to FSB on Facebook, (2) emailed to [email protected] or (3) written & placed in one of our lobby drawing boxes. 

  3. Answers will be accepted until Friday of that same week.

  4. The correct answers will be collected, and put in a drawing for a prize on Friday of each week.

  5. Winners will be notified on Fridays.

  6. The prize is a 20 oz Tumbler filled with surprise FSB treats.

  7. The weekly winners will be added to a final drawing on August 28th, for $125.


FSB 125th Anniversary

Farmers State Bank is celebrating 125 years as a local, community bank.  



Logo design by:

Mary Schaaf,


How To Set Goals For 2020: And Actually Achieve Them

Forbes Magazine, Jan. 1, 2020

John F. Wasik, Contributor - I am an author, speaker and journalist specializing in investor and consumer protection.

You’ve probably heard this trope: Of those who set goals in January for the coming year, by Feb. 15, most have forgotten all about them.

Since I’m a list and schedule person, I like to write things down. That way I can refer to it anytime. It works most of the time.

In the new year, by all means put down some reasonable goals on paper. Keep the list where you can see it. Put it on your fridge or desk.

The first thing you should do is make a distinction between realistic goals and changing habits. If you’re addicted to something — like tobacco or booze — you can surely change, but it will take a sustained effort. Don’t expect to do it alone. Get some help. And keep in mind you can also be addicted to social media, cat videos and video games.

Other habits are much easier to tackle. Here are some suggestions:

  • You could get in the habit of saving 15% of your income. You sign a form with your employer to withdraw and invest that money from your paycheck, or set up an individual retirement account (IRA) that will automatically debit that amount from your checking account.
  • Setting specific goals with numbers attached is more meaningful than vague commitments. Let’s say you want to save more in your 401(k)-type account. You can sock away up to $19,500 annually in 2020. Add another $6,500 if you’re over 50. It helps sometimes to focus on a reasonable dollar amount instead of a percentage.
  • Start or fund an emergency account. If you don’t have one, open up a money-market account and start saving. My suggestion: At least 10% of your annual income. A better way of gauging how much to put into this rainy-day fund is to add up your insurance deductibles. How much would you pay out of pocket for auto, health and homeowner’s insurance claims? Are appliances or home maintenance items on your list?
  • Write down healthy habits you want to acquire. Diets are hard, but eating right is not. Are you cutting down on sugar and junk food? Are you eating more fruit and vegetables? Here are some healthy habits to add to your goals list. Don’t forget to get up and move. Sitting is the new smoking.
  • Get out of your comfort zone to find peace. I’m surprised that the things that are most meaningful don’t cost anything. Visit an older relative. Put your phone in a drawer. Take a long walk. Indulge in a hobby. Join a club. Read a book. Watch a movie — in a theater. See a high school play.

The goals list is endless, but the bottom line is to find a better way to connect yourself to others and your community. It will make your year fresher, brighter and healthier.


Community Banks Are Standing Up for Rural America


ICBA Independent Community Bankers Association

Jul 19 · 4 min read

By Rebecca Romero Rainey

Wall Street financial institutions are once again showing that when the going gets tough, they head for the exits. After ramping up lending when times were good, as just reported by Reuters, the nation’s largest banks have shrunk their agricultural lending portfolios amid the current conditions in the farm economy. This exodus of capital not only harms farmers and agricultural enterprises, but also the local businesses, hospitals, schools and rural municipalities that support the agricultural economy.

Fortunately for rural America and the citizens who call it home, the nation’s community banks are bolstering their farm lending at this crucial time — demonstrating once again why policymakers should work to strengthen community banks, which stick with their customers and communities in good times and bad.

According to Reuters, the nation’s 30 largest banks have reduced their farm loans by 17.5 percent since December 2015 as the U.S. farm economy has experienced an economic downturn fueled by low commodity prices, trade wars and flooded fields. While Reuters reports that these large banks have culled their agricultural holdings by $3.9 billion, however, overall bank lending to the farm sector has grown by more than $10 billion over the same period as community banks have stepped in to meet the needs of farmers and ranchers across the country.

It’s not the first time community banks have risen to the challenge presented by their megabank competitors. Local communities hit hardest by the Wall Street financial crisis are now being left behind as the megabanks that fueled the calamity withdraw for wealthier areas. While JPMorgan Chase last year announced a major branching and lending boom, it has in recent months notified regulators of more branch closures than openings, according to Bloomberg. Of JPMorgan’s 185 new branch openings, 71 percent are in more affluent communities, including 70 in the Washington, D.C., metro area.

Meanwhile, community banks are expanding in the areas most in need of the banking services they need to thrive. Low- and moderate-income census tracts make up a significant percentage of megabank branch closures. Community banks, on the other hand, focus a relatively large share of their resources in low- and moderate-income tracts, and their lending in these areas is more consistent with local demographics than megabank loans.

Overall, noncommunity banks shrunk their footprint by 384 offices between June 2017 and June 2018, while community banks added more than 700 bank offices over the same time period, according to the Federal Deposit Insurance Corp. Further, community bank loan growth has exceeded growth at noncommunity banks for six consecutive years, with deposit growth more than tripling that of their larger competitors in rural areas, reflecting their continued commitment to farm communities.

These efforts build on the disparate responses to the Wall Street financial crisis, when community banks increased lending to consumers and small businesses while megabanks closed off access to credit. Accounting for more than 60 percent of small-business loans under $1 million and 80 percent of agricultural loans from the banking sector, community banks have used their more than 50,000 locations as an economic lifeline in the areas most in need of financial services.

Through it all, community banks operate within the strenuous regulatory requirements often provoked by the misbehavior of the megabanks and the economic fallout they have all too frequently caused. To help community banks spread the benefits of the longest economic recovery in U.S. history to regions that have not yet experienced strong growth, Washington should institute a regulatory environment that better distinguishes Main Street institutions from those on Wall Street.

This includes maximizing the benefits of last year’s S. 2155 regulatory relief law by simplifying capital standards for community banks as authorized by Congress and instituting a truly short-form call report for the first and third quarters of the year. It means finishing the job of modernizing anti-money-laundering laws to improve uniformity and efficiency, insuring community banks have continued access to the secondary mortgage market, and mitigating the negative impact of new regulatory mandates. It means forging a competitive landscape free from distortions caused by too-big-to-fail financial firms and the undue competitive advantages afforded by taxpayer-funded subsidies for credit unions and Farm Credit System lenders. It means advancing data breach legislation that requires all participants in the payments system to meet data security standards like those that have long applied to banks.

In short, it is time for Washington to enact policies that will support the financial institutions that help every American in every community — whether urban, suburban, or rural — join in the nation’s economic prosperity. As the only physical banking presence in one in five U.S. counties, community banks are used to meeting the needs of areas left behind by other financial services providers. By supporting these locally based institutions, we can bring opportunity and prosperity to every corner of our country, one community at a time.


Rebeca Romero Rainey is president and CEO of the Independent Community Bankers of America.


Mobile Banking

Try our convenient mobile app, FSBIOWA, to fulfill your banking needs.  The app can be found at the Apple App Store or at Google Play.  You will be able to:

  • Check your balances

  • Make transfers

  • Deposit checks

  • Pay your bills

  • Pay a person

  • Make a loan payment

Try it today! It is just another way Farmers State Bank is there for you.


Mobile Deposit Update

When you use mobile deposit on the Farmers State Bank app, please write the following phrase on the back of you check, along with your signature:

For Mobile Deposit at Farmers State Bank


Stay Safe Online

Go to this website to learn more.

Privacy is good for business.

Tips for parents and grandparents.


Identity Theft

Is someone using your personal information to open accounts, file taxes, or make purchases? Visit, the federal government’s one-stop resource to help you report and recover from identity theft.

Did you get a notice that says a company lost your personal information in a data breach? Did you lose your wallet? Or learn that an online account was hacked? Here are steps you can taketo help protect yourself from identity theft.

What can you do to keep your personal info secure? Are identity protection services worth the cost? What about credit freezes? Check out the FTC’s identity theft articles to find out.


Debit Card Fraud Protection

SHAZAM Fraud Text Alerts

Dear valued cardholder,

Keeping your account safe and secure is our highest priority. We partner with SHAZAM, our debit card processor, to implement a fraud management solution powered by FICO® Falcon® to help protect your debit card against fraudulent activity.

We provide Text Fraud Alerts as part of our debit card protection program. You’ll receive text alerts when suspicious activity is detected on your Farmers State Bank debit card. If you receive a “fraud alert,” reply Yes or No to confirm or deny the activity. If you reply No (the activity is fraudulent), you’ll quickly receive a follow up text to let you know that a SHAZAM fraud specialist will call you soon to help protect your account. We’ll also automatically block your debit card to prevent any additional fraudulent activity.

If you reply Yes (the activity was legitimate), you can continue to use your debit card as normal. If you don’t reply to the text, or your phone number is not a mobile number, we’ll attempt to reach you via automated voice call.

Text message alerts from: 72718

Automated phone calls from: 855-219-5399

Make sure to save these numbers to your contacts so you don’t miss any alerts. This added protection to your debit card is automatic and text message alerts are free. To ensure we can reach you promptly if fraudulent activity is suspected, we’ll need to have your current contact information on file including phone number(s) and address. Please contact us if you have any changes in this information. We’ll keep your information completely confidential.

If you have any questions, or ever see a suspicious transaction on your debit card, please call (515) 887-2221. Always use caution when providing your debit card information and contact us immediately if you suspect your debit card has been stolen or compromised.

Thank you!


Check out America's Banks website

American Banking Association

ABA’s  America's Bank website demonstrates the tremendous impact banks have across the country on their customers, communities and the overall economy.