Banking Rates & News

Ottumwa Metro Area

Including Agency, Bevier, Bloomfield, Bonaparte, Cantril, Clarence, Douds, Eddyville, Eldon, Fairfield, and 17 other towns.

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Banking in the Ottumwa Area

Nestled in Iowa's Wapello County, Ottumwa has a population of about 25,000 people. Despite being a small city, it has been the site of several presidential visits, including from Benjamin Harrison, Theodore Roosevelt, Richard Nixon, and Barack Obama. Hailed as "the video game capital of the world," Ottumwa is home to Twin Galaxies, a video game organization that keeps track of world records in video games. John Deere is one of the City's largest employers, but it also boasts a small financial industry.

The City's oldest continually active bank is State Central Bank, which was established in 1858. Since then, Ottumwa's financial industry has grown to include seven credit unions and nearly 40 banks that have opened approximately 90 branches throughout the area. The City is also headquarters to 20 banks and six credit unions, among them such reputable institutions as Community 1St CU of Iowa and the Bank of Kirksville. Also headquartered in Ottumwa are South Ottumwa Savings Bank, Farmers Bank of Northern Missouri, and The Libertyville Savings Bank.

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Local Deals & News

MidWestOne Bank Offers Power Checking In Five States
Deal Summary: Update 7/23/2020 – Power Checking, 2.25% 1.75% APY on qualifying balances up to $25k. Power Savings, 1.51% 1.00% APY on qualifying balances up to $25k. Availability: Market area
Wells Falsely Reports Customers Requested Loan Payment Deferrals..
NBCNews report...Could impact prior court agreements on post BK payment arrangements...and no notice!
No Limit On Savings Account Withdrawals
Message from Neighbors Bank about its online savings account, “There is a federal regulation on savings withdrawals that has been suspended at this time due to the new care act.
Neighbors Bank No Longer Opening New Savings Accounts
We knew that this would happen; a tiny bank offering 1.70% savings accts was deluged with new acct applications thanks to the DA effect. You can leave them your email
Neighbors Bank Offers Nationally Available Savings Account
UPDATE 5/27/2020: Neighbors Bank is no longer accepting applications for the High Yield Online Savings account. Deal Summary: High Yield Online Savings, 1.70% APY on balances of $25k+, $25 minimum/$250k
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