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Farmers State Bank
✓ FDIC-insured · Active FDIC Certificate #8760
Farmers State Bank is an FDIC-insured state-chartered bank that is not a Federal Reserve member (supervised by the FDIC), headquartered in Algona, Iowa, established in 1895. As of the 06/30/2026 FDIC call report, it reported $150M in total assets and $131M in deposits. FDIC location data lists 3 offices in Iowa. The FDIC classifies it as a community bank. It is owned by the holding company WHITTEMORE BANCSHARES INC (Whittemore, IA).
Financial data as of the 06/30/2026 FDIC call report.
Where it operates
All 3 of Farmers State Bank's FDIC-listed offices are in Iowa. Browse banks in Algona for other local options.
Branch locations
| Farmers State Bank Whittemore Branch · Full Service - Brick And Mortar | 412 Broad St Whittemore, IA 50598 Map ↗ |
| Farmers State Bank West Bend Branch · Full Service - Brick And Mortar | 324 S Broadway Ave West Bend, IA 50597 Map ↗ |
| Farmers State Bank Farmers State Bank · Full Service - Brick And Mortar | 501 E State St Algona, IA 50511 Map ↗ |
Holding company: WHITTEMORE BANCSHARES INC
The FDIC lists WHITTEMORE BANCSHARES INC, based in Whittemore, IA, as the top holding company for Farmers State Bank. The FDIC shows no other active insured banks under the same holding company.
Similar-size banks in Iowa
Active FDIC-insured banks headquartered in Iowa with total assets closest to Farmers State Bank's $150M. See all banks in Iowa.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| Freedom Financial Bank | West Des Moines | $269M | 2 |
| Westside State Bank | Westside | $269M | 6 |
| Security Trust & Savings Bank | Storm Lake | $266M | 3 |
| The Citizens First National Bank of Storm Lake | Storm Lake | $256M | 3 |
| Heartland Bank | Somers | $256M | 5 |
| Malvern Bank | Malvern | $253M | 1 |
| Denver Savings Bank | Denver | $251M | 2 |
| First Bank Hampton | Hampton | $241M | 2 |
Farmers State Bank: common questions
Is Farmers State Bank FDIC-insured?
Yes. Farmers State Bank is an active FDIC-insured institution, FDIC Certificate #8760. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is Farmers State Bank headquartered?
Farmers State Bank is headquartered at 501 E State St, Algona, IA 50511, according to FDIC records.
How many branches does Farmers State Bank have?
FDIC location data lists 3 offices for Farmers State Bank, all in Iowa.
Who owns Farmers State Bank?
The FDIC lists WHITTEMORE BANCSHARES INC of Whittemore, IA as the top holding company for Farmers State Bank.
Source: FDIC BankFind Suite (institution, location, and call report data). BankNearMe.com does not rank or rate banks.