IOFB » Topics » Iowa First Bancshares Corp.

This excerpt taken from the IOFB DEF 14A filed Oct 20, 2005.

Iowa First Bancshares Corp.

Iowa First Bancshares Corp. is a bank holding company registered under the Bank Holding Company Act of 1956, as amended, with a business address of 300 East Second Street, Muscatine, Iowa 52761 and a business telephone number of (563) 263-4221.  We own 100% of our subsidiary banks, First National Bank of Muscatine and First National Bank in Fairfield, both of which are national banks chartered by the Office of the Comptroller of the Currency (OCC) under the National Bank Act.  We also own 100% of the outstanding stock of Iowa First Capital Trust I, which was capitalized in March 2001 for the purpose of issuing company obligated mandatorily redeemable preferred securities.  Iowa First’s common stock is publicly traded on the Over the Counter Market (OTCBB) under the symbol IFST.OB. As of the close of business on October 11, 2005, the market price of our common stock as reported on the OTCBB was $36.75 per share.

First National Bank of Muscatine is a national bank with a business address of 300 East Second Street, Muscatine, Iowa 52761 and a business telephone number of (563) 263-4221. First National Bank of Muscatine has a total of six locations in Muscatine, Iowa.  First National Bank in Fairfield is a national bank with a business address of 100 East Burlington, P. O. Box 1007, Fairfield, Iowa 52556 and a business telephone number of (641) 472-4121.  First National Bank in Fairfield has two locations in Fairfield, Iowa.  Each bank is engaged in the general commercial banking business and provides full service banking to individuals and businesses, including checking loans, real estate loans, safe deposit facilities, transmitting of funds, trust services, and such other banking services as are usual and customary for commercial banks.