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CBI Bank & Trust, formerly known as Central State Bank, is a community banking organization based in Muscatine, Iowa, and a subsidiary of Central Bancshares, Inc., a bank holding company also based in Muscatine. Total assets are approximately $500 million and it employs approximately 100 individuals. It traces its origins to 1865, and serves over 30,000 customers with a full range of banking and financial services through eight banking centers in Johnson, Muscatine and Washington Counties in Iowa, and Rock Island County in Illinois. ==History== The story of CBI Bank & Trust actually consists of the history of four banks — Central State Bank, Freedom Security Bank, West Chester Savings Bank, and Buffalo Prairie State Bank — that came together to form the organization. Central State Bank Central State Bank's history can be traced to the mid-nineteenth century, a time when "private banks" — those not open to the general public — were the norm. The private banking house of Isett and Brewster of Muscatine was one of the earliest of this type in Iowa and operated successfully for a number of years. On May 1, 1865, it was converted to a state-chartered institution, Merchants Exchange Bank, which was opened to the general public. Later that year, conversion to a national charter brought a change in name to Merchants National Exchange Bank.〔"History of Muscatine County, Iowa," Western Historical Company, Chicago, IL, 1879. Page 550.〕 In the early years, it was not unusual for banks to operate under two charters, one national and one state, with both institutions located in the same building and owned by the same stockholders. Nationally chartered banks traditionally catered to the needs of businesses and they could issue their own bank notes, which served as currency in the absence of today's Federal Reserve Notes. By contrast, state-chartered institutions emphasized serving individuals and families by accepting savings deposits and making loans for personal and home financing. In 1880, state-chartered Muscatine Savings Bank was organized for the purpose of serving the community in tandem with Merchants Exchange National Bank.〔Lewis, W.H., "Picturesque Muscatine, Pearl City of Iowa," The Democrat Co. Printers, Davenport, IA, 1901. Pages 83-84.〕 During the intervening years, this dual-bank organization continued to grow. There were a couple of name changes along the way: in 1886, Merchants National became the First National Bank of Muscatine (no relationship to the present-day entity of the same name), and in 1907, Muscatine Savings Bank changed its name to the First Trust and Savings Bank of Muscatine. The year 1933 brought a combining of banking interests into a single operating unit, a new state charter, and a change in name to Central State Bank. From the 1930s through the 1990s the bank operated primarily in the Muscatine trade area and developed a reputation for leadership. It was among the first banks in Iowa to offer a sidewalk/walkup teller with extended hours for customer convenience (1957); the first bank in Muscatine to offer drive-up banking; the first to open an office on the community's north side (Park Avenue Banking Center, 1971) and the first to branch into the south side (Grandview Avenue Banking Center, 1977). It launched the area's first banking affinity group, the Ambassador Club (1988), and it was the first to offer in-store banking (Econofoods, 1990). It was also among the first in the area to offer ATM services, debit cards, online and mobile banking. In 2005, the bank branched beyond Muscatine for the first time, opening an office in Wilton, Iowa. In July, 2013, two affiliate banks, Freedom Security Bank (with locations in Coralville, Iowa and Kalona, Iowa) and West Chester Saving Bank (located in Washington, Iowa) were merged into the organization, but continued to operate under their former names as offices of Central State Bank. On April 1, 2015, the bank's parent company, Muscatine-based Central Bancshares, Inc., acquired Buffalo Prairie State Bank, Buffalo Prairie, Illinois and merged it into the organization, and began operating it under its former name as an office of Central State Bank. On September 1, 2015, Central State Bank changed its name to CBI Bank & Trust and brought all of its banking centers together under a single name, logo and brand. Freedom Security Bank Freedom Security Bank was founded in 1899 as Farmers Savings Bank in Kalona, Iowa. It had a legacy of strong family leadership and commitment to the community through the Skola family, dating back to Fred Skola, Sr.’s employment with the bank in 1903. Three generations of the family served as President prior to the sale of the institution to Central Bancshares, Inc., in 1994. In 2002, the bank expanded beyond the Kalona market, building a new facility at 1st Avenue and Holiday Road in Coralville, Iowa. It concurrently changed its name to Freedom Security Bank to reflect its broadened scope of operations. In mid-2014, the bank was merged into Central State Bank, Muscatine, Iowa. It continued to operate under its former name, as an office of Central State Bank, until September 1, when all Central State Bank offices were combined under the same name and branding of CBI Bank & Trust. West Chester Savings Bank West Chester Savings Bank was incorporated March 6, 1900 and the organization’s first building was constructed shortly thereafter in the village of West Chester, Iowa. It opened its doors for its first day of business on July 16, 1900. The bank enjoyed steady growth over the years. A very notable characteristic is that it never closed its doors in the 1930s during the Great Depression. In 1948, controlling interest in the bank was sold to A.R. Wolf, his son Calvin C. Wolf, and son-in-law John Butler. In 1985, Farmers Savings Bank of Kalona purchased a controlling interest from the major stockholders and continued to operate the institution as a separate, independent entity. In 1994, the bank was sold to Central Bancshares, Inc. of Muscatine, Iowa and in 1995, the bank charter was moved to Washington, Iowa, where a temporary bank office was leased while construction began on a 2,500 square foot permanent banking facility, which opened for business in March, 1997. In April, 2002, the West Chester facility was consolidated into Washington Banking Center and in 2005, work was completed a 4,000 square foot addition constructed to accommodate continued growth of the organization. In July, 2014, the bank was merged into Central State Bank, Muscatine, Iowa. It continued to operate under the name West Chester Savings Bank, as an office of Central State Bank, until September 1, 2015, when all Central State Bank offices were combined under the same name and branding of CBI Bank & Trust. Buffalo Prairie State Bank Buffalo Prairie State Bank, located in Buffalo Prairie, Illinois, was chartered in September, 1920. Over the years it developed an excellent reputation serving the banking needs of western Rock Island County, Illinois. Growth was steady and at year-end 2014 total assets were over $71 million. The bank was purchased by Central Bancshares, Inc., on April 1, 2015 and concurrently merged into Central State Bank, Muscatine, Iowa. It continued to operate under its former name, as an office of Central State Bank until September 1, 2015, when all Central State Bank locations were combined under the same name and branding of CBI Bank & Trust. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「CBI Bank & Trust」の詳細全文を読む スポンサード リンク
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