Cedar Rapids State Bank is Banking on Community with Petersburg Expansion
Growing a business is challenging in any area, however, expanding an organization’s footprint in a rural area takes on a more literal meaning. To offer its banking and lending services to a wider population, Cedar Rapids State Bank recently constructed a branch on Highway 14 in Petersburg.
Why Petersburg is a Good Fit for Cedar Rapids State Bank
As Cedar Rapids State Bank expands into Petersburg, bank President and CEO, John Morrow explained why this community was a good fit for the organization.
"Since opening our branch in Spalding, we've seen how the community supports one another. This aligns really well with the community culture of Cedar Rapids and from what I have seen, Petersburg has a similar heartbeat."
From housing to business development, Morrow believes the town’s progressive nature made the decision even easier.
Within the new branch, the Petersburg team boasts more than 120 years of combined banking experience. Vice President and Senior Loan Officer, Ross Knott also noted the team’s involvement in broader community events:
"In a lot of ways these women have been the heartbeat of Petersburg for many years."
Examples of their involvement include organizing and volunteering their time for the annual Easter Egg Hunt and Halloween Kiddie Parade, which are sponsored by the Petersburg Community Club.
Focusing on People Keeps Cedar Rapids State Bank Thriving
Cedar Rapids State Bank is on a mission to redefine community banking. Rather than focusing solely on geographical location, Morrow and his team are focusing on people. By investing in technology and time to build relationships, he believes the bank can give individuals and businesses greater freedom to manage their finances and grow based on their needs and wants.
Chartered in 1936, the bank remains headquartered in Cedar Rapids, Nebraska. In addition to its branches in Cedar Rapids, Spalding and Petersburg, it has loan production offices in Omaha and Spanish Fort, Alabama.
The Petersburg branch of Cedar Rapids State Bank opened its doors in November 2022. The location’s lobby and drive-thru hours are:
- Monday-Friday, 8:30-11:30a / 12:30-4p.
To stay informed about the bank’s services and community involvement in Cedar Rapids, Spalding and Petersburg, follow its Facebook page.
(This story originally ran in the December 2022 BCDA Newsletter.)
