Kerndt Brothers Bank Revenue and Competitors

Kerndt Brothers Bank is a community bank originated in Lansing, Allamakee County, Iowa. Lansing is located in northeast Iowa on the banks of the Mississippi River with a population of approximately 1,000. It is primarily an agriculturally driven economy with a growing trend in tourism. Kerndt Brothers Bank has been a closely held family bank since 1856. In 1979, Kerndt Bank Services, Inc., a one-bank holding company, was formed to own Kerndt Brothers Bank. In 1988, the holding company purchased an insurance agency in Lansing so that a full line of insurance services, as well as banking services, could be offered. In October, 2001, Kerndt Bank Services, Inc., purchased Farmers Savings Bank of West Union and Clermont, Iowa, thus, expanding its locations of financial services offered to nearby Fayette County. Within two years of this purchase, it became apparent that a merger of the Farmers Savings Bank with Kerndt Brothers Bank would be most advantageous to all of its bank customers. On January 1, 2009, a new location was added to our financial family. The former Family Merchants Bank of Cedar Rapids is our newest branch office. With this acquisition, we are able to offer banking services to the residents of Allamakee, Fayette, Linn, and the surrounding counties. As we continue to grow, we expand our abilities to offer up-to-date products and services while maintaining a community bank's commitment to the people we serve.