Kristie Brown Named Senior Vice President

Posted by on Aug 7, 2015 in Summer 2015: Trust eNews | 0 comments

Congratulations to our trust officer, Kristie Brown, who has been named Senior Vice President of Trust and Human Resources Development! Brown joined the bank in 1982 as staff accountant and was named Vice President and Trust Officer in 1996. In addition to her trust duties, Brown oversees the farm management department. “Our reputation depends on the people who work with our customers. Kristie Brown has the experience and the knowledge needed to maintain and grow the bank’s workforce, and still preserve the tradition of Iowa State Bank,”...

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Where in the World is the Trust Department?

Posted by on Aug 7, 2015 in Summer 2015: Trust eNews | 0 comments

Recently we began remodeling our Main Bank Office, located at 5 E. Call Street in Algona. We are hoping the remodel will better position the bank for the future, and uphold our continued investment in the Algona community. Due to the construction, some of the Trust offices may be temporarily re-located in the building. To find us, simply stop by the receptionist’s desk and ask for Kristie Brown or Karen Evenson. And, remember, Kristie and Karen would be happy to meet you in one of our other branch offices – Corwith, Ruthven and Wesley –...

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Why Do I Need a Trust?

Posted by on Aug 7, 2015 in Summer 2015: Trust eNews | 0 comments

Whether you have a little or a lot, a Trust can be a very useful estate-planning tool. It’s one of the few things that allow us to control what happens to our assets after we’re gone. Before you can decide if you need a Trust, you must first understand the basic components. By definition, a Trust is an arrangement in which someone’s property or money is legally held or managed by someone else or by an organization (such as a bank) for a set period of time. There are essentially two types of trusts: Testamentary Trusts This type of...

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Farewell Letter from Tom Larson

Posted by on Feb 9, 2015 in 2015 Winter | 0 comments

Most of you know that Iowa State Bank is entering a time of change with my retirement date set for early April. I began serving others as CEO just short of thirteen years ago starting on July 1, 2002. There are many, many people I want to thank for their contribution to the level of success we’ve had. Some of those key to our success are: The shareholders and their commitment to their investment and to our communities. The directors for their unwavering support and their willingness to challenge management. The staff for their commitment to...

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Retirement Savings: Tips for Those Getting a Late Start

Posted by on Feb 9, 2015 in 2015 Winter | 0 comments

Life happens. And, as a result, if your retirement savings are far less than you hoped, don’t panic. It’s not too late to make solid progress toward your long-term financial plans. Here are 8 strategies for catching up on your retirement savings: 1. Put a plan together and act on it. If you already have a plan, adjust it to fit your current circumstances and move forward. 2. Create a monthly budget with spending limits, stick to it, and look for places to trim extra expenses. 3. Pay yourself first. Consider automatically transferring a...

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