Established on March 21, 1921, Farmers State Bank initiated its journey with a state charter and a group of 35 stockholders who brought together a capital of $30,000. The original board of directors of the bank consisted of F. McClatchey, H.E. Culver, S.M. Thompson, C.R. Hemphill, and C.H. Erb. The elected officers were William Cordis, President; W.H. Burchfield, Vice President; Guy E. Heater, Cashier; and W.R. Hitchens, Assistant Cashier.

Situated on the vibrant Main Street in Yale since its inception, our building bears history. Following a destructive fire in 1928, we rebuilt our premises with a firm foundation and an investment of $15,000. Since then, it has undergone significant renovations in 1967 and 2009 to cater to modern banking needs while preserving its historic essence.

During the harsh times of the Great Depression, we stood resilient, being the solitary bank in Guthrie County to resume operations post the 1933 Bank Holiday, a testament to our stability and enduring trust from our patrons.

A peculiar chapter from our history unfolded on an October morning in 1931, when two burglars broke into our facility, leading to a series of unexpected events involving stolen getaway cars and a vigilant community that eventually brought them to justice.

Celebrating a rich heritage and a journey marked with unwavering trust and resilience, we stand today as a beacon of reliability and community service in Guthrie County, with a commitment to nurturing growth and fostering secure financial futures for our patrons.


Farmers State Bank was the only bank in the county to reopen after the 1933 Bank Holiday during the Great Depression, which makes it the oldest bank in Guthrie County.

Board Members

Jordan L. Carstens

David R. Deardorff

Derek J. Hemphill

Douglas J. Hemphill

Dr. James T. Koch

Scott C. Stanley

John A. Wilson

We Proudly Support:

Midwest Partnership
Junior Achievement of Iowa
Guthrie County Fair Foundation
Region XII
Guthrie County Cattlemen’s
Guthrie County Relay for Life
Local Pheasants Forever Chapter
Guthrie County Hospital Foundation
Iowa Natural Heritage
Lake Panorama Fin & Feather
Friends of Lake Panorama
American Cancer Society
Timber Creek Charities
Sons of the American Legion
Tori’s Angels
Panorama PTO
Panora Little League Park & Recreation
Panorama Booster Club
AC/GC Chargers Booster Club
Yale 4th of July Celebration
Guthrie County Sherriff’s Office

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