FOR IMMEDIATE RELEASE
First State Bank Celebrates 125 Years
Bank was ICBA’s First Home
Washington, D.C. (August 30, 2005) - The Independent Community Bankers of America (ICBA) today recognized the 125th Anniversary of one of its founding member bank, First State Bank in Sauk Centre, Minn. The bank was established on August 31, 1880, as The Bank of Sauk Centre.
On May 9, 1930, the bank's president Ben DuBois and 27 other Minnesota bankers met to organize an Independent Bankers Association, which later become ICBA. DuBois became the Association's secretary and first association executive in 1933 and located its first office in the First State Bank building.
"ICBA congratulates First State Bank on 125 years of service to Sauk Centre and to Main Street America," said Camden R. Fine, ICBA president and CEO. "This association will never forget the vital role First State Bank played in organizing the independent community banks across this nation. We're grateful for the vision of Ben DuBois in helping to found what is now ICBA. ICBA wishes Chairman Pat DuBois and his staff all the best as they celebrate this wonderful legacy of service to their community, their state and to the nation."