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First State Bank
✓ FDIC-insured · Active FDIC Certificate #8522
First State Bank is an FDIC-insured state-chartered bank that is not a Federal Reserve member (supervised by the FDIC), headquartered in Britt, Iowa, established in 1927. As of the 06/30/2026 FDIC call report, it reported $126M in total assets and $103M in deposits. FDIC location data lists 2 offices in Iowa. The FDIC classifies it as a community bank. It is owned by the holding company READLYN BANCSHARES INC (Saint Paul, MN).
Financial data as of the 06/30/2026 FDIC call report.
Where it operates
All 2 of First State Bank's FDIC-listed offices are in Iowa. Browse banks in Britt for other local options.
Branch locations
| First State Bank Woden Branch · Full Service - Brick And Mortar | 124 Main Woden, IA 50484 Map ↗ |
| First State Bank First State Bank · Full Service - Brick And Mortar | 183 Main Ave N Britt, IA 50423 Map ↗ |
Holding company: READLYN BANCSHARES INC
The FDIC lists READLYN BANCSHARES INC, based in Saint Paul, MN, as the top holding company for First State Bank. It also owns 2 FDIC-insured banks:
- Readlyn Savings Bank, Readlyn, IA ($148M in assets)
- First State Bank, Nashua, IA ($72M in assets)
FDIC deposit insurance applies separately to each insured bank charter, even when they share a holding company. Confirm the charter before you spread deposits.
Similar-size banks in Iowa
Active FDIC-insured banks headquartered in Iowa with total assets closest to First State Bank's $126M. See all banks in Iowa.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| West Iowa Bank | West Bend | $222M | 6 |
| Farmers State Bank | Northwood | $221M | 8 |
| BANK | Wapello | $217M | 7 |
| Farmers Savings Bank | Fostoria | $215M | 3 |
| Iowa State Bank | Sac City | $213M | 3 |
| Farmers Savings Bank & Trust | Traer | $213M | 2 |
| Iowa Trust and Savings Bank | Centerville | $211M | 2 |
| Farmers & Merchants Bank & Trust | Burlington | $208M | 4 |
First State Bank: common questions
Is First State Bank FDIC-insured?
Yes. First State Bank is an active FDIC-insured institution, FDIC Certificate #8522. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is First State Bank headquartered?
First State Bank is headquartered at 183 Main Ave N, Britt, IA 50423, according to FDIC records.
How many branches does First State Bank have?
FDIC location data lists 2 offices for First State Bank, all in Iowa.
Who owns First State Bank?
The FDIC lists READLYN BANCSHARES INC of Saint Paul, MN as the top holding company for First State Bank. The same holding company owns 2 other FDIC-insured banks.
Source: FDIC BankFind Suite (institution, location, and call report data). BankNearMe.com does not rank or rate banks.