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| Additional information |
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| Geneva State Bank |
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History:
Our history is embedded with the stories of many families. After all, we’ve been here as family farms and businesses have passed from one generation to another. Throughout the years, we’ve tried to demonstrate an involvement in the community that goes beyond the dollars and cents of banking. This history is testimony to our commitment to the economic, cultural and social development of the communities we serve. In light of today’s rapid pace of bank consolidations, few institutions will ever match our 105-year mark.
On March 27, 1899, Geneva State Bank opened its doors. The bank began operations with $25,000 in capital stock. Thanks to the support and trust of our communities, Geneva State Bank now has over $150,000,000.00 in total assets.
Business began on the second floor of the Fraternity Temple in Geneva, NE, which is on the very site where Geneva State Bank’s main office is now located. The new bank prospered and operations ran smoothly until the fall of 1904. In the early morning hours of October 24, 1904, the entire building burned to the ground. That night certainly could have been the end of this story. Instead, it became a remarkable demonstration of the young institution’s astute and committed management. First of all, the bank officers had the foresight to insure their operation. Next, while the building was still burning, hours before daylight, they were knocking on doors throughout town trying to secure another location. The following day, Geneva State Bank opened for business at the normal hour in a temporary location. A new bank building was erected in 1906 and has seen the comings and goings of everything from horse drawn wagons and Model T’s to modern-day SUVs.
The first association between the Wilkins family and Geneva State Bank came in 1908 when Earl H. Wilkins served as bookkeeper. He was elected president in 1933 and held that position until 1972. Hugh F. Wilkins accepted a position at the bank in 1948 and succeeded his father as president. A third generation, current bank president, Hugh C. (Cam) Wilkins, was elected to the position in 1986.
Today, Geneva State Bank has grown from a single location in Geneva to four locations total. The Shickley State Bank merged with Geneva State Bank in June of 2001. The Grafton State Bank was purchased in August 2001 and merged with Geneva State Bank in October 2002. These two mergers brought together three banking organizations rich in tradition and community commitment. In October 2002, Geneva State Bank’s Kearney Loan Production Office officially opened as a full-service branch. After moving to its location on 2nd Avenue in Kearney, the Kearney Branch is enjoying much success.
Other areas that are new to the bank are the Geneva State Bank Investment Center, Geneva State Farm Management and NorthPointe Insurance. The Investment Center officially opened in August 1998, in the historic Brown Building adjacent to the main bank in Geneva. Geneva State Farm Management, a farm management and real estate broker service, was added in 2003. The Investment Center is a service of Raymond James Financial, Inc., and is a full-service brokerage program that offers a complete range of financial products and services to all of our branch customers. NorthPointe Insurance serves all of our customer’s insurance needs. The insurance office became part of our product offerings when the bank purchased Grafton State Bank. |
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| Toll Free:
+1 800 759 3119 |
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