Your Local Community Bank

Grinnell State Bank was organized in 1925 by Grinnell businessmen to be an independent community bank and is still fulfilling that role today. The Jones Family has owned and operated the bank since 1954 and continue that legacy with a fourth generation of family members on staff. The bank’s growth has been in Loans, Deposits and Locations with services in Grinnell, Johnston, Marengo, and Polk City.

Timeline

2018

2018

2018

F. Austin Jones is named Bank President

2017

2017

Grinnell State Bank purchases Augustine-Johnston Insurance Agency in Marengo

2016

Johnston Branch

2016

Consolidated our Johnston & Urbandale branches into our Johnston Branch

2015

2015

Grinnell State Bank acquires Hamilton Insurance Agency in Grinnell

2013

Marengo Branch

2013

Grinnell State Bank Remodels Marengo Branch

2011

2011

Grinnell State Bank acquires three locations in Johnston, Polk City & Urbandale – formerly Polk County Bank

2001

2001

Grinnell State Bank purchases the book of business from Rohrer Insurance in Marengo

1999

1999

1999

David Jones is named Bank President

1996

1996

1996

Grinnell State Bank Remodels Grinnell Branch

1996

1996

Grinnell State Bank acquires a location in Marengo – formerly Boatmen’s Bank

1990

1990s

Grinnell State Banks consolidates the Grinnell and Malcom branches into the Grinnell Branch

1972

1972

1972

F. Addison Jones is named Bank President

1972

1972

1972

Grinnell State Bank expands the Grinnell Branch with a new, two-lane drive-up facility

1954

1954

1954

Fred A. Jones purchases Grinnell State Bank from C.A. Frasier

1940

1940s

Grinnell State Bank opens a location in Malcom

1925

1925

1925

Grinnell Businessmen Re-organize Grinnell Savings Bank into Grinnell State Bank as an independent community bank