Historical photo of Harry Barr, Donald Duncan, and kids JB Barr and Chandy Barr Clanton.

Bank Iowa History

Born from an aviation venture, our story comes from bold ideas with an entrepreneurial drive. Today, our family-owned legacy fuels a deep commitment to serving Iowans with integrity, innovation and community-first values.

Our journey to becoming Iowa’s leading family-owned bank

Ours isn’t your typical bank story. In fact, when Bank Iowa founders Donald Duncan, J. Robert Duncan and Harry Barr first came together, it wasn’t because they wanted to create a bank. They were starting an aviation company. And that’s exactly what they did in Clarinda, Iowa, more than half a century ago.

It was from that entrepreneurial ambition and smart business leadership that one of Iowa’s most successful banks would flourish. That same spirit drives our understanding of the real needs of businesses, farmers, families and entrepreneurs across Iowa.

From ambitious beginnings that date back to 1901 to becoming one of the largest family-owned community banks in Iowa, one thing has remained constant. We remain steadfast in our dedication to serving our clients, team members, and the communities we call home. Bank Iowa Corporation remains owned by the Duncan and Barr families, whose community-centric values shape every interaction we have with the people and places we serve.

History Callouts 01

A short history of Bank Iowa

1977 – New drive-in facility opens on northwest corner of Clarinda town square
1980 – Farmers Savings Bank in Fremont is purchased
1984 – Oakland State bank is formed
1989 – Nodaway Valley National Bank is acquired; Humboldt Trust & Savings Bank is purchased
1991 – New Citizens State Bank branch office building opens in Villisca
1992 – Charter of Farmers Savings Bank moves to Oskaloosa

History Callouts 02

1994 – Bank Altoona is created; Oakland State Bank is sold
1995 – First National Bank of Essex is purchased; new Bank Altoona building is completed
1996 – First National Bank of Essex moves charter to Red Oak
1997 – National Bank of Iowa in Denison is purchased; later renamed Bank Iowa
1998 – First National Bank of Red Oak opens new facility; Security Trust & Savings Bank in Shenandoah is purchased; Essex, Red Oak and Shenandoah banks are renamed Bank Iowa

History Callouts 03

2002 – Farmers State Bank in Schleswig is purchased; Bank Iowa Altoona opens temporary office in Newton
2003 – Bank Iowa Newton opens new facility; holding company moves office to Des Moines
2004 – Bank Iowa West Des Moines opens temporary office; Humboldt Trust and Savings Bank are renamed Bank Iowa; Panhandle Aviation, Inc. is renamed Bank Iowa Corporation
2005 – Bank Iowa Red Oak opens new facility in Shenandoah

History Callouts 04

2007 – Bank Iowa West Des Moines opens branch in Johnston
2008 – State Bank of Lawler is purchased
2011 – Charters are consolidated
2012 – Long-time CEP Stan Honken and EVP Gary Beggs retire; Jim Plagge is hired as President and CEO; John Hartford is promoted to EVP and CLO
2014 – Facility in Manilla is remodeled

History Callouts 05

2017 – Core upgrade to D+H Phoenix is completed in May; loan production office opens in Pella
2018 – Bank Iowa Pella opens to the public
2019 – Bank Iowa acquires First State Bank of Colfax
2024 – Bank Iowa Johnston moves to brand new facility
2025 – Bank Iowa Clear Lake opens