Bank of the Week: Peoples State Bank

Peoples State Bank of Summit, “Where real people still answer the phone.” Locations: Summit and Florence; both of which have always been locally owned They employ 13 people The bank was founded in New Effington in 1913. In its first year, the bank employed a woman cashier which was unheard of at the time! Unique […]

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Community Banker Victory: President Signs S. 2155 into Law

**The following press release is courtesy of ICBA** Washington, D.C (May 24, 2018)—The Independent Community Bankers of America® (ICBA) today thanked President Trump for signing into law the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155). The new law will spur greater consumer access to credit and business lending in Main Street […]

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A MONUMENTAL WIN FOR COMMUNITY BANKERS

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(Watertown, SD) – The House of Representatives passed S. 2155 yesterday, which means it is on it’s way to President Trump to be signed into law. This bi-partisan supported bill contains policies which roll back key parts from the Dodd-Frank Wall Street Reform and Protection Act therefore providing regulatory relief to the community banks that […]

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Bank of the Week: Farmers & Merchants State Bank

Located in Scotland, South Dakota, the Farmers and Merchants State Bank was chartered and began operations on September 7, 1920. The bank is located in its original location built in 1919 at 550 Main Street. The structure was extensively remodeled in 1972 with an addition being added in 1991 along with interior updates. Farmers and […]

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