United Farmers State Bank

United Farmers State Bank is a community bank with small town community values, and provides products and services that will meet your banking needs. United Farmers State Bank was chartered on January 17, 2014 when its parent banks, Farmers State Bank of Adams and Farmers State Bank of Elkton joined forces. The officers are Michael Schneider, CEO; Connie Hoff, President; Brian Wolff, Vice-President; Curt Sheely, Vice-President, Eric Lee, Vice-President; Tim Schneider, Vice-President; Mike Smith, Asst Vice-President, and Steve Leif, Asst. Vice-President. The bank is a locally-owned and operated full service bank, as both its parent banks were. The bank opened with over $130 million in assets in January 2014, had a staff of 21 employees and served its customers from four locations. At the time the bank opened the main office was in Adams with branches in Elkton, Dexter and Rose Creek. In October 2014, United Farmers State Bank closed the Elkton branch location. In a town of just over a 100 people and with three other locations, two of those an approximate five minute drive from the town of Elkton, the decision was made knowing the bank's Elkton branch customers could still receive the service they needed with minimal impact. The three employees that were stationed at the Elkton branch relocated to the Dexter branch. Currently the Elkton branch structure is still owned by the United Farmers State Bank but sits empty as a Disaster Recovery Site if needed. As of January 2016, two years after the bank's two parent banks united, the bank still employs 21 employees between three locations, Adams (Main), Dexter and Rose Creek, and has grown to over $145 million in assets.