Iowa State Financial Services Corporation holds 22nd annual meeting

The 22nd annual meeting of the shareholders of Iowa State Financial Services Corporation was held in the lobby of the downtown Fairfield branch of Iowa State Bank and Trust Company on Monday, May 16. David Eastburn was appointed the chairman and presiding officer while Deanne Hickenbottom was appointed as the secretary of the meeting.

A resolution from the shareholders was passed unanimously approving all the actions of the directors and officers of the corporation for 2021. Additionally, Joe Carr, Steve Triplett, Ken Malloy, and Jennifer Anderson were re-elected to the board of directors for a 3-year term of office.

In other action, the board of directors of Iowa State Bank and Trust Company unanimously elected:

•Aaron Kness as President and CEO

•Jared Lyle as Executive Vice President, Senior Lending Officer, and Lending Compliance Officer

•Karl Metcalf as Senior Vice President and Chief Financial Officer

•Mark Swan as Vice President and Chief Technology Officer

•Dena Morrissey as Vice President of Customer Service and Customer Service Manager

•Alissa Ward as Vice President of Human Resources and Marketing

•Laurie Smith as Vice President of Investments and Cash Management and Investment Officer

•Tami Kramer as Vice President of Quality Control and Facilities

•Cassie Schmidt as Vice President of Operations and Cashier

•Christy Grove as Vice President, Market President

•Jane Broek Kramer as Vice President of Lending

•Laura Brinck as Vice President of Lending

•Gary “Bud” Stickler as Vice President of Lending

•Samuel Eastburn as Assistant Vice President of Operations

•Ashley Eastburn as Assistant Vice President and Lead Loan Service Representative

•Cori DeMoss as Assistant Vice President and Lead Loan Service Representative

•Corinna Ackerman as Assistant Vice President and Personal Banker Manager

•Scott Willman as Assistant Vice President of Compliance and Bank Security Officer, Bank Secrecy Act Officer, and Bank Information Security Officer.

David Eastburn was elected as the President of the Corporation and the Chairman of the Board of Directors for Iowa State Bank and Trust Company; Aaron Kness was elected as the Vice President of the Corporation; Jared Lyle was elected as Vice President of the Corporation; and Deanne Hickenbottom was chosen as the Corporation’s Chief Financial Officer and its Secretary/Treasurer.

David Eastburn reviewed the financial condition of the organization and its subsidiary bank, Iowa State Bank and Trust Company, located in Fairfield, Iowa. He thanked the shareholders for their support and expressed appreciation to the board, the senior management, and all the staff for their hard work and efforts during this time of substantial growth. Chairman Eastburn went on to say, “Despite economic and competitive pressures, Iowa State Bank and Trust has moved in a very positive direction achieving 129% growth in assets since December of 2012. Strategic decisions have resulted in very strong financial results to include growing loans 136% while maintaining outstanding asset quality. These, combined with deposit growth of 152% since 2021, put the entire organization in a very strong position to enjoy success for years to come.”

Iowa State Financial Services Corporation is a bank holding company headquartered in Fairfield, Iowa.