Additional information


en			ru			jp

Finance Lounge

Add privatebanking.com as a search provider to your browser

Advanced Search

Private Banking & Wealth Management search tool

Search entity

State Bank of Riverdale

Back

Review Avg.
Reviews:	0

Contact Page

Additional information

Write Review

Browse Review

Additional information

State Bank of Riverdale

History:

The State Bank of Riverdale was founded in 1907. Charley Pratt started in the bank as cashier and eventually acquired ownership of the bank. Charley served as president for several years until his death. At that time his son LaVerne Pratt became president until his passing in 2001. LaVerne’s son Tim, who had worked in the bank for many years, became President and continued in that capacity until his retirement in December 2009. The bank’s 100th year anniversary celebration was held during the summer of 2007, complete with a tent in the street, barbeque, and Root Beer floats in a commemorative Root Beer mug for everyone. The bank has its long time loyal customers to thank for this wonderful record.

Not having any additional family members desiring to return to bank management, the bank was sold to a small group of mid-Nebraska individuals with many years of Nebraska banking experience. One of the investors, Phil Jossi, began as President of the bank in January 2008 working along-side Tim Pratt during a two year transition period. During this time several new products were added, moving the bank from a limited product offering into a full service institution offering a wide array of financial products. This transition was received enthusiastically by the bank’s loyal customer base accounting for a 100% increase in the deposit base from $22 million in January 2008 to $44 million as of December 2009.

An opportunity to open a loan office in Ord, Nebraska, presented itself in January 2010. This opportunity came to the bank including an experienced agricultural loan officer with many quality relationships in the Ord area. The implementation of the office added many new banking relationships who are becoming accustomed to the high level of service offered by the bank. An additional step to solidify and serve the bank’s customer base will be the addition of a mortgage loan office in Kearney opening in July 2010.

With a long history of strength, stability, safety, and service, the future is bright for State Bank of Riverdale and its loyal customers. Local ownership, local decision making, and quality people will combine to continue the tradition of creating superior long term customer relationships.

Toll Free: +1 800 360 9035

Back

Privatebanking.com

Get the attention you always wanted and promote your corporate image and standing by benefiting from our state of the art interactive web presence.

Ascent Limited

Experience The Difference. Ascent Limited provides first class wealth management and family office services. Our private banking team, assembled from a group of highly experienced banking professionals, will provide financial advice tailored to your individual requirements and keep your portfolio in tune with the latest market developments and opportunities.

©	Copyright by PRIVATE BANKING.COM 2002- - All rights reserved.