Lasting Commitment

By Newkirk, Kristine M. | Independent Banker, October 1997 | Go to article overview

Lasting Commitment


Newkirk, Kristine M., Independent Banker


Grain Belt bank finds renewed vigor in standing by its community

Torn from Keith Lazar's desk calendar is the page for Dec. 29, 1995. The page hangs on the wall across from his desk in the president's office of the Washington State Bank. It is a testament to the strength of community banking in Washington, Iowa, and it is an important milestone in the history of the 64-year-old bank. That December day the bank's 380 shareholders voted resoundingly not to sell to a big rival.

Lazar recalls the strong ties shareholders-many of whom received their stock from their fathers and grandfathers-have to the community bank. "It was a combination of the stockholders' strong sentimental attachment to the past, plus the bank's plowing of profits back into the town and leadership in fund-raising and monetary contributions to the community that created a very `anti-sell' attitude," he says.

With the bank's future secure, business, although always solid, is booming. Loans, deposits and profits are up. "It is great to be part of a community that has a commitment to us, and we have a commitment to our community," Lazar says.

The unquestionable support from area residents energized bank managers to keep pace with the changes in the community. "Washington used to be a sleepy little farm town," Executive Vice President Bill D. Reha explains. "But since the early '90s, there has been a steady increase in population."

A WELCOME RESURGENCE

Small towns across the Grain Belt are experiencing similar growth as the effects of the mid-1980s agricultural crises fade. According to one study, half of the farm-based counties in the Great Plains have grown in population during the 1990s.

Economists explain the migration by citing a big increase in small-town manufacturing jobs, a stronger farm economy, quality-of-life concerns among young families and technological advances allowing people to work from home.

"Technology is becoming our friend," Reha agrees. "Anyone with a modem and a computer can connect with New York or the West Coast while living in Washington. People no longer need to be in urban areas, so they can take advantage of living in a small town."

Washington-listed as one of the top 100 small towns in the United States by the author of several small town review guides, Norman Crampton-boasts a low crime rate, reasonably low taxes, an excellent school system and the largest Amish community west of the Mississippi. It also has a community bank as committed to the community as it is to the latest banking products and services.

Reha further attributes Washington's population surge to successful economic development. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Lasting Commitment
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.