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| Additional information |
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| Scribner Bank |
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Mission statement:
Scribner Bank’s Mission Statement focuses on serving the community and its surrounding area while focusing on our local agricultural, commercial and retail customers. Our belief is that if a community is economically strong it will lead to a thriving community with strong heritage and a promising future. At Scribner Bank we have a long and successful history of meeting the financial needs of people in the Scribner, Snyder and surrounding areas. |
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History:
Scribner Bank has been very strong in the history of Scribner and the surrounding area. The original State Charter dates back to July 17, 1917 which was issued to Farmers State Bank. At that time there were three banks in Scribner, The Scribner State, The First National and Farmers State Bank. In the early thirties (1933), the Roosevelt Administration was moving to relieve the country-wide depression. By presidential edict, all banks in the nation were closed. The three Scribner banks were later reopened on a restricted basis. In 1934 two banks in Scribner (Farmers State Bank and First National Bank) were restored to full operation after having functioned on a restricted basis during the national moratorium declared more than a year earlier.
In February 1962 a banking change which had been in the works for some time was consummated, when the controlling interest in Scribner’s two financial institutions, the First National Bank and Farmers State Bank were purchased by RH & Eldon Freudenburg, father & son. Both banks continued to operate independently for some months, but the name of the Farmers’ State was changed to Scribner Bank. Later on the two institutions were merged under the name of Scribner Bank and Scribner became a one-bank town. In March 1966 the ownership of Scribner Bank changed hands and has been under the same ownership to this day.
Assets in 1963 were $4,500,000 and in January 1970 had increased to $8,500,000, making it one of the strongest banks in the area. By 1980 it stood at $24,000,000; and currently in 2007 it stands at $49,000,000.
Renovations and improvements have been continually made during the time period of 1963 to 2007. The addition of Scribner Insurance which was first located in the back portion of the bank along with the Bank Drive-In area was later moved next to the bank, with the purchase of the Loft Building giving Scribner Insurance a main-street entrance. Later acquisition of the Grosserode Drug, Lohmeyer Plumbing and Lamberty Variety buildings gave way to expansion of Scribner Bank, Scribner Insurance, the addition of Scribner Financial Services and most recently the home of the Scribner Economic Development Office. Insuring that the Scribner Pharmacy had a home, the Lamberty Variety building was remodeled and now houses Scribner Pharmacy.
Scribner Bank continues to be independently owned, allowing us to control the decision making process. We have you the customer in mind, by offering you the service you need with the quality, efficiency and privacy you expect. You, our customer, have made us the strong bank that we are today, and we thank you for your continued support. |
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| Toll Free:
+1 800 952 2085 |
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