Fairbank State Bank

Status:Inactive as of 04/01/2008
 Merger - Without Assistance
Successor Bank:Northeast Security Bank
Headquarters:Fairbank State Bank
119 East Main Street
Fairbank, IA 50629
Established:01/01/1897
FDIC Insurance:01/01/1934
FDIC Cert:#8754
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$29,660,000
Total Deposits:$25,779,000

History

1897-01-01Institution established: Original name:Fairbank State Bank
1902-12-28Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANDFATHERED
2008-04-01Merged into and subsequently operated as part of Northeast Security Bank (18384) in SUMNER, IA
2018-03-19Acquired Security State Bank (15851) in INDEPENDENCE, IA
2021-03-26Acquired First State BankNortheast Security Bank (11634) in SUMNER, IA.

Financial Information (2008-03-31 and Older)