Serving Fairfield for More Than 80 Years
Iowa State Bank & Trust Company opened its doors for the first time on May 19, 1934, after a merger between Iowa State Savings Bank and the Iowa Loan and Trust Company was agreed to create a strong unified bank during the Great Depression. That same year, the bank was accepted into the Federal Reserve System.
In November of 1939, Ralph Eastburn became the first member of the Eastburn family to lead the bank after purchasing controlling interest. He served as President, Chairman of the Board, and Principal Shareholder until his untimely death in January of 1966. The legacy that Ralph Eastburn began paved the way for his family to continue to help the bank grow. Ralph’s son, Charles Eastburn, who had worked for the bank for more than a decade, was unanimously voted the next president of Iowa State Bank & Trust Company.
Charles Eastburn retired from his active role in the bank in 1991, turning leadership over to his son, David Eastburn, to begin the third generation of Eastburn leadership at the bank. During Charles Eastburn’s tenure, the bank grew from a $5.3 million bank to a $64.3 million organization.
Over the last 80 years, Iowa State Bank & Trust Company experienced significant growth. A new main bank was constructed and opened in 1996, and other locations also grew in size. Through it all, we remained dedicated to the Fairfield community: leading the charge for projects like the construction of the Fairfield Arts & Convention Center; helping community businesses get their start and expand with responsible lending; and helping the community upgrade their athletic facilities through bank donations.
Today, Iowa State Bank & Trust Company has grown into an institution with more than $120 million in assets. The bank continues to look toward the future with installation of full solar panel arrays on our buildings, and new ATMs that provide full-service withdrawals, deposits, and stamps, for the convenience of the community.
Why Bank With Us?
We are locally owned and managed. Decisions are made by people who know you and care about your needs. We are your neighbors. Employees of Iowa State Bank are involved in community organizations and events, and our children go to the same schools as yours. As a result, you gain from our knowledgeable, responsive service and a true understanding of our community's needs. We know that our success depends on the success of our community and our customers. Your deposits in the bank are invested back into the community in the form of business and residential loans, which help create jobs and strengthen our economy.
Our Success Begins With You
Our mission is to help you attain financial success. At Iowa State Bank, we take the time to get to know you and develop a long-term relationship. Our products and services are tailored to meet your needs. Our business centers around lending to consumers, small businesses, and farmers. We have the resources and technology to offer "big bank" products and services, but are small enough to know you by name. We make decisions based upon a person’s character, not the cookie cutter criteria used by many larger banks.
We Are Small Business
We have on-site control over all services, products, loan approvals, and interest rates. We can set our rates and fees right here. Unlike a large, nationwide bank, we are a small business that doesn't need approvals from a corporate office somewhere else. We don't have the bureaucracy or overhead that big banks do, so we can pass along the savings to you. Whether your business needs to refinance its building or buy equipment, or you're looking to buy your first home, we are here to help. We are never too busy, never too important, to listen to your needs.