Connection Bank - Banks

About Connection Bank

Connection Bank is one of the banks in Iowa, headquartered in Fort Madison. Its history dates to 1854, when it was founded as the first bank in the state. Over the years the name changed several times before settling as Fort Madison Bank & Trust. In 2016, Fort Madison Bank & Trust combined with KSB Bank, which was based in Keokuk, and on September 19, 2016 the two became Connection Bank. The bank operates five branch offices, with locations in Keokuk, Montrose, Fort Madison and Burlington, and describes its service area as Iowa, Illinois and Missouri. Its holding company is Fort Madison Financial Co, and its primary regulator is the Federal Reserve. Registry figures list total assets of $540.91 million and total deposits of $452.37 million. Staff are involved in local volunteer work, youth sports coaching, and support for area charities, events and economic development. Other banks of this type are listed in the Directory of US Banks.

Key Facts

Total Assets

$540.91M

Total Deposits

$452.37M

Branch Offices

5

Established

1854

Holding Company

Fort Madison Financial Co

Primary Regulator

FED