IOWA STATE BANK AND MELVIN SAVINGS BANK MERGER CUSTOMER INFORMATION
Iowa State Bank and Melvin Savings Bank have entered into a definitive agreement to merge.
What this means for Melvin Savings customers
Nothing is changing for Melvin Savings Bank customers at this time. In the coming months, Melvin Savings Bank customers will be receiving more information detailing how the merger into Iowa State Bank will happen.
We sincerely thank all our customers for being part of our family for more than 109 years and we will miss the close working relationship we have always had with our customers in a bank our great-grandfather started in 1912. Iowa State bank, like Melvin Savings Bank, is a community bank at heart and will be a benefit to our community, and to our customers.
Jim Benz
Holiday Closing Notification
The Melvin Savings Bank will be closed on Monday, July 5, 2021 in observance of Independence Day.
The Melvin Savings Bank will be closed on Saturday, August 14, 2021.
S.A.F.E. Act – Notice to Customers
The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (“S.A.F.E. Act”) requires any individual who is employed by a federally insured depository institution and who also takes a residential mortgage loan application and/or offers or negotiates terms of a residential mortgage loan to register with the Nationwide Mortgage Licensing System & Registry (NMLS). This registration must be renewed each calendar year. Please click here to see our full disclosure in PDF format.