Back to Bank and Credit Union Reviews
Reply
Sunday, June 26, 2011 - 5:39 PM

BEWARE FIRST SECURITY BANK AND TRUST JUST LIKE TITANIC!!!!!!!!!!!!!

First Security Bank & Trust (1 stars)
First Security is the lender of one of our neighbors large dairy farm here in Butler County. This is the second Dutch family to call this farm home in four years, previous one lasted about two years. They have left Iowa heartbroken and penniless after a less than supportive role by the bank and returned to Holland. We were blessed with a new neighbor with many years of dairying, who took over the dairy and really cleaned up the mess left behind after the bank shut out our former neighbor. Unfortunately recently I found out from another neighbor that the dairy had undergone a horrible loss to stray voltage. Only to find out they had insurance for this loss that Farm Bureau Insurance has refused even a penny of their losses, they have filed a lawsuit but like most of us who have been involved with insurance companies they fight you to the end hoping you give up or die first, hopefully our congressional people and the insurance commision are on top of this one. However we've learned the story only gets worse the bank has not helped the dairy with one loan to recover and get back in operation at a capacity that will allow them to stay in our community. I fear our state will be labeled like Ohio were they broke ten plus Dutch families of their life savings and hardwork for the gain of a few. Our community has lost so many farms that have beautiful milk cows roaming next to the road, shame on our local bankers to disrespect our community with such a lack of action.
13
turkeyturkey1 posts since
Jun 26, 2011
Rep Points: 13
Reply