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Central State Bank
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Community bank offering personal, business banking
Central State Bank
Work Here?
Community bank offering personal, business banking
Overview
Family-owned and community-focused, Central State Bank serves eastern Iowa since 1931. It offers personal and business banking, including agricultural loans, mortgages, checking and savings accounts, CDs, IRAs, and services such as online cash management and remote deposit capture. The bank differentiates itself through long-standing family ownership and local decision-making that emphasizes personal relationships and local service, with growth through branch expansion and acquisitions. Its goal is to provide comprehensive, locally driven financial solutions that support Eastern Iowa communities while preserving a personal banking experience.
About Central State Bank
Industries
Financial Services
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Calera, Alabama
Founded
N/A
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Simplify's Take
What believers are saying
- Central State Bank advertised 2.53% APY in July 2026, supporting deposit gathering.
- Updated 2026 online and mobile banking boosts retention for customers demanding 24/7 access.
- Chief Banking Officer Bart Floyd joined in June 2025, strengthening commercial growth leadership.
What critics are saying
- The November 2024 overdraft-fee class action threatens refunds, legal costs, and reputational damage.
- Deposits fell 6.41% year over year to $344 million in Q2 2026.
- March 2, 2026 CEO turnover can weaken execution during competitive pressure and litigation.
What makes Central State Bank unique
- Family ownership since 1942 keeps decisions local and relationship-driven in eastern Iowa.
- Nine Iowa branches and 2026 mobile banking support personal service with digital convenience.
- Agricultural, municipal, and small-business lending create a community niche larger banks ignore.
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Benefits
Professional Development Budget
Training Programs
Central State Bank is Hiring for 2 Jobs on Simplify!
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About Central State Bank
Industries
Financial Services
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Calera, Alabama
Founded
N/A
Central State Bank is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today