Shareholders of Mid-Iowa Bancshares Co., the holding company of Iowa State Bank, received a message of strength and growth at their annual meeting held on Tuesday, March 19, 2024. The holding company reported that Iowa State Bank had a 10% increase in assets in 2023 with total assets now exceeding $475 million.
Chairman Laurie Vitzthum stressed the bank’s commitment to community banking with 96 years of service to customers and the community. She empathized both Mid-Iowa Bancshares Co. and Iowa State Bank remain well capitalized and are well positioned for the future. “Iowa State Bank remains firmly committed to our purpose as the community’s financial center to help people succeed. We will continue to invest in our people, our technology, and our communities, ensuring that we remain a trusted partner and a source of strength and stability,” she affirmed.
In other business, the holding company appointed the following officers of Mid-Iowa Bancshares Co.: Laurie Vitzthum, Chairman of the Board, President & CEO; Jason Wartick, Vice President; Sara Metzger, Vice President & Treasurer and Jackie Smith, Secretary. Directors Kristie Brown, Sara Guenther and Mark Erpelding were re-elected for a three-year terms and director Mike Reynolds was re-elected for a one-year term.
In addition, Iowa State Bank announced that Sara Metzger was appointed Executive Vice President & Chief Financial Officer; Stacy Bohl, Assistant Vice President, Loan Officer and Meredith Huber, Mortgage Loan Officer.
Iowa State Bank was established in 1928 while the holding company Mid-Iowa Bancshares, was established in 1981. Iowa State Bank has offices in Algona, Corwith, Ruthven and Wesley.
