Federation Bank - Banks

About Federation Bank

Federation Bank is a bank based in Washington, Iowa, with four branch offices, and it is one of the banks in Iowa regulated by the FDIC. It is part of the Washington Bcorp holding company. Its registry figures show total assets of $155.84 million and total deposits of $133.83 million. The bank traces its origins to 1906, when Rubio Savings Bank was chartered as a state bank in Rubio, Iowa. Its main office later moved to Brighton, and the Rubio location eventually closed while the Brighton office continued to serve that town. The institution took its current name in 2003, when Washington Federal Savings Bank merged with Rubio Savings Bank of Brighton. Washington Federal had been chartered in 1934 as a federal savings and loan association and later converted to a federal savings bank. Branches opened in Wellman in 1998 and Richland in 2000. The bank serves Washington, Brighton, Richland and Wellman, Iowa. Its stated focus is community involvement, a range of financial services, and lasting relationships with customers and shareholders. The bank is also listed in the Directory of US Banks. --- Note: Only two link slots were provided, so this text includes two links instead of the three to five requested.

Key Facts

Total Assets

$155.84M

Total Deposits

$133.83M

Branch Offices

4

Established

1906

Holding Company

Washington Bcorp

Primary Regulator

FDIC