Gerber State Bank Rates & Review

Gerber State Bank Review

Founded in 1887, The Gerber State Bank in Argenta, Illinois, is a community institution whose leadership has consistently remained in the family of one of the original partners.

Accounts and services

A full service bank that also has a branch in Oreana, The Gerber State Bank offers a variety of deposit accounts for business and consumers that include a money market account, savings and checking accounts, IRAs and CDs along with Health Savings Accounts (HSA) and NOW Accounts. U.S. Savings Bonds are available.

The bank offers online banking, direct deposit, ATM/debit cards and safety deposit box rental. Gerber 24/7 allows customers to handle basic banking needs from any phone, any time, using either spoken commands or the touch-tone keypad.

Health Savings Accounts

For customers who are covered under a high deductible health plan, The Gerber State Bank offers an HSA that allows them to save money for health expenses their insurance doesn't cover.

Loans

The Gerber State Bank offers mortgage, home equity, agricultural, commercial, automobile and construction loans. Customers can arrange for an installment loan with a payback schedule tailored to their budget.

Trust department

Clients of The Gerber State Bank can utilize its comprehensive trust department services to manage personal or trust assets through legal agreements personalized to their individual needs. The trust department also offers corporate executorship, power of attorney, guardianship and conservatorship, professional farm management services and estate and retirement planning.

Deposit insurance

The Gerber State Bank is a member bank of the Federal Deposit Insurance Corporation. The temporary increase in FDIC coverage from $100,000 to $250,000 per depositor was made permanent in July 2010. All eligible deposits are FDIC-insured up to at least $250,000 per depositor. Joint accounts are FDIC-insured up to at least $250,000 per account holder.

Compare savings account rates from The Gerber State Bank and more than 400 other banks at SavingsAccounts.com.