First American State Bank to Become First National Bank
First American State Bank, with two locations in the Quad Cities, is changing it's name to First National Bank. This is happening because First American State Bank is merging with First National Bank in Fulda, Minnesota. This according to a report by the Quad City Times.
This is an internal merger of two banks that share a common owner. Both banks are owned by Farrar Banking Group, based in Pierre, South Dakota.The combined banks will have twelve branches across four states.
Darwin Kruse, president and CEO, says " "Our common vision and understanding of community banking make this the perfect combination. We look forward to creating greater convenience for our customers, offering additional products and continuing to serve our community."
So what does this mean for customers? Kruse says greater convenience and additional products, all while continuing to be a great community bank.
First American State Bank has provided banking services in South Dakota for over 79 years, and in other parts of the Midwest for 60 years.