Lincoln Savings Bank history

Lincoln Federal Savings Bank was formed in 1906 and is organized as a mutual holding company.

L. J. Dunn became cashier in 1907, after the death of J. H. Auld_ In September, 1907, just before the panic the bank increased its capital stock to $250,000.00.

Work upon the new building was begun September 20, 1910 by the Selden Breck Construction Company of St Louis.

The building was completed and formally opened to the public on June to, 1911.

In January, 1912, Thomas Auld sold his interest to L. B. Howey of Beatrice, who became president.

The statement of the bank at the close of business March 7, 1916, places the capital stock at $500,000.00; the surplus, $300,000.00; the undivided profits, $49,518.83; the circulation, $200,000.00; and the deposits at $3,815,593.00.

Originally chartered in 1927, TSB Bank was a family-owned bank at the time of acquisition.

Doors opened to the Reinbeck office on March 26, 1934.

After three decades of business, the original Lincoln Savings and Loan Association converted to a federal charter on July 23, 1937, and became Lincoln Federal Savings and Loan Association.

Allison became the third Lincoln Savings Bank branch office on February 5,1987.

On October 1, 1991, Lincoln Savings Bank acquired State Savings Bank and the Aplington Insurance Agency.

Lincoln Savings Bank acquired Farmers Savings on October 1, 1995.

The Greene office was acquired from First State Bank of Greene on July 1, 1996.

Nashua was acquired from First Nashua State Bank on May 3, 1999.

Acquired from Mercantile Bank Midwest on February 14, 2000, the Hudson and Cedar Falls Downtown offices marked Lincoln Savings Bank's arrival in the "metro."

WaterlooA century after the original LSB office opened in Lincoln a temporary office opened in Waterloo on March 26, 2002.

On November 15, 2010, a new mortgage office was also opened in Adel, Iowa, pushing the footprint of Lincoln Savings Bank further west.