Twin Cedars Bank has operated under the State Bank of Bussey name and charter since 1931 and was originally founded in 1892 as the Bank of Bussey. We will be celebrating 130 years in business on August 2nd this year. The Bank has a rich history ranging from the Bussey Fire of 1912, a 1933 bank robbery which was labeled as “one of the boldest bank robberies in Iowa’s history” (according to the Knoxville Express) and withstood the test of both the Great Depression and Great Recession.
The bank was originally started with $15,000 in capital by several members of the community including Jesse Bussey for whom the town of Bussey was named after. The Hansen family later purchased the bank in 1961 and on July 1, 2022, Rudy Fors purchased the bank with his partners. Their goal is to hold onto the bank’s history and traditions while building a bank our customers, communities and people can be proud to have in their lives. The name “Twin Cedars” pays homage to the two Cedar Creeks that come together just West of the town of Bussey, where the bank was originally founded.
Twin Cedars Bank is a full-service community bank, and we take pride in knowing our customers and providing great customer service. We have a robust portfolio of products for your lending and deposit needs. Our lending capacity can service Agriculture, Home Mortgage, Real Estate, Consumer, SBA 7a, SBA 504, Farmer Mac, Commercial, Development and more. We offer excellent rates with favorable terms as well as an incredible team to provide the right support to help you, your business or your farming operation.
We offer a vast array of deposit services which include consumer checking accounts, business checking accounts, CDs, IRA’s and more. With those deposit services we also offer wires, international wires, mobile banking, mobile deposit, ACH Payroll, and other cash management services to fit your needs. Come talk to one of our bankers for more detailed information and they can tell you about our competitive programs, products and interest rates.
We thank you for the opportunity to serve you. With stores in Bussey, Lovilia, and Oskaloosa, Twin Cedars Bank is privileged to serve the counties of Mahaska, Marion, Monroe and more.