According to old records, the Sioux City and Pacific Railroad was built from Missouri Valley, Iowa to Sioux City, Iowa in 1868. The Town of Sloan, one of the stops on this route, was platted in 1869. Closely interwoven with the early history of Sloan are references to the banking business. The Chapin Brothers, F.E. and A.W. Chapin, conducted a Merchandise Business and a little later opened the Sloan Bank in June 1883. As their business in the bank prospered they sold the Merchandise Business and in the fall of 1885 built a new building with a brick veneer for the bank at the corner of Fourth and Evans Streets. This location has continued to be the home of the bank through the years. In 1885 the Farmers State Bank was opened in the building located at 418 Evans Street. This building was later used by various businesses until it was destroyed by fire in 1969. The first Charter of Sloan State Bank was granted on October 29, 1889. In November 1893, Farmers State Bank and Sloan State Bank consolidated with the first directors of the consolidated bank being chosen from the boards of both banks. On February 2, 1947, the bank building was destroyed in an early morning fire. Banking business was conducted at a temporary location until the current building was constructed and opened in the fall of 1960. The interior of the building was remodeled during 1995. In June 1988, Sloan State Bank acquired Community State Bank of Whiting, Iowa. That office is located at 524 Whittier Street in Whiting, Iowa, in the Cassady & Whiting building that was built in 1880. The interior of the Whiting office was remodeled in 1997. In 1989, Sloan State Bank celebrated its’ 100th anniversary. To mark the occasion, the bank provided commemorative leather checkbook covers to all our customers; a community dinner was provided in conjunction with Sloan Days; family pictures were offered to our customers and several giveaways were held with the grand prize being a one ounce gold coin. Since our centennial, there have been many internal changes that have taken place to keep pace with ever-changing technology. From lending software to image statements to internet banking, most aspects of our business are computerized. One thing that hasn’t changed is our ‘hands on’ approach to assisting our customers with their daily banking needs. Whether you are applying for a loan, making a deposit or need help balancing your checkbook, we have been and will continue to be here to assist you.
