Farmers Savings Bank is a historic building located in Salem, Iowa, United States. Built in 1916, it replaced a building destroyed by fire the year before. The following banks operated here: Farmers Savings Bank (1916-1933), Farmington State Bank (1936-1944), Des Moines Valley State Bank (1944-1955), State Central Savings Bank (1955-1957), Hillsboro Savings Bank (1957-1976), Hawkeye Bank and Trust (1976-1992).[2] In 1992 Hawkeye Bank and Trust donated the building to the American Legion, who sold it to Anthony and Connie Kramer in 2000. They remodeled the single-story, brick, Neoclassical structure for their home. It was listed on the National Register of Historic Places in 2010.[1]
Farmers Savings Bank was one of ten banks in Iowa that was taken over by the state banking department on January 25, 1933, and reopened under a new state law.[2] State Central Savings Bank was robbed in 1955.
