The State Bank of Taunton began
business in May of 1905 with a capital stock of $10,000. The
officers and directors were as follows: John Swenson, president;
P.P. Ahren, vice president; M.F. Ahern, cashier and Samuel
Lewison. The institution did general banking business, engaged
in real estate collection and insurance business. The bank has
shown substantial growth and has never closed during its over
century long existence. Par value of its shares has always been $100.00. The
cost of the original brick building including the outhouse was
$4,412.99. Four additions have been made to the original
building over the years.
During the days of the
Depression a special meeting was called on April 8, 1931.
Fifty-five new stockholders purchased shares at the cost of
$100.00 each. The bank was reorganized with the following
officers being elected; C.O. Olson, Pres. H.O. Esping, vice
president, G.F. Ahern, Cashier, Jessie Jensen, ass't cashier,
Ole Esping, Frank Pesek, R.N. Anderson, Directors. The all home
owned bank was now in fact, as well as in name, a community
bank. In 1932 R.N. Anderson became President and Chris Olson a
director. Jessie Jensen became Cashier in 1934 resigning on May
15 1943. John W. Canton was hired to be cashier on May 22, 1943.
Mr. Canton became President in 1965 remaining in this position
until 1973. In these thirty years of service Mr. Canton served
the community well. His personality made the customers his
The growth of the bank from 1940 to 1970 reflects the
integrity and confidence that people put in Mr. Canton. The
assets in that period grew from $135,000 to $4,065,000.
John R. Canton came in
Aug. 1948 becoming assistant cashier the following year. In June
of 1952 Marjorie Kosmalski joined the staff. Helen Traen was
employed as bookkeeper 1954-1957. In 1957 the officers of the
bank were: R.N. Anderson, President; J.W. Canton, Executive Vice
President; J.R. Canton, Cashier, and Marjorie Kosmalski, Ass't
Cashier. Jessie Maertens was employed August 26, 1957 becoming
assistant cashier in 1960 and retiring Sept. 1, 1984. Ronald
Gilgert came in Nov. of 1957. in Dec. 1961 Keith Anderson was
employed. Both K. Anderson and R. Gilgert served in the U.S.
Army. Gilgert in 1962-63 and Anderson 1965-67. Both returned to
their employment at the State Bank of Taunton. They were
appointed Assistant Cashiers in 1965.
Due to ill health R.N.
Andreson resigned in 1965. Alfred Larson became Vice President.
Albert Borson became a member of the Board in 1964, Knute
Anderson came in 1966, becoming Vice President in 1974.
Arlin Blumeyer came in
1966-1970, working in the insurance field.
In 1974 Agnes Anderson
was named to the Board of Directors.
Patricia Brewers was
employed in April 1980 and became Ass't Cashier when Jessie
Carol Jeremiason began
her employment at the State Bank of Taunton in June of 1984 as a
John R. Canton continued
as President until December, 1986 and was succeeded by Keith L.
In August of 1987 Mary
Jo Thooft was hired as a Proof Operator.
Wendell Larson joined
the Board of Directors in February, 1988, replacing Albert
Borson, who resigned.
Kevin Hoffmann replaced
Agnes Anderson on the Board in October, 1992, Ms. Anderson
retired from the Board. Jill Anderson replaced Mr. Hoffmann on
the Board in May, 1996.
Bruce Byers joined the Bank in January 2000 as
Vice President and at the same time replaced Knute Anderson on
the Board of Directors. Mr. Byers was named President of the
State Bank of Taunton in December 2001. At that time Kevin
Hoffman was named Assistant Vice President and Keith Anderson
former President remained as the Executive Vice President.
Bradley Salfer joined the staff as Ag Loan Officer in February
The State Bank of Taunton
celebrated its centennial in 2005.
Ted Palmer began employment December 2006. Ted
replaced Bradley Salfer, who resigned September 2006.
Linda Pesch was employed as a
Marketing Manager from March 2007 till her resignation in
Bruce Byers was President from December 2001
until October 2007. Kevin Hoffman replaced Bruce Byers on the
Board of Directors October 2007.
Jerry Wanken joined the State Bank of Taunton in
November 2007 and was appointed President and Chairman of the
Board in January 2008. Keith Anderson was named Senior Vice
President, Kevin Hoffman was named Executive Vice President, and
Ted Palmer was named Ag Loan Officer also in January 2008.
Keith L. Anderson retired March 2008. Keith
Anderson remains on the Board of Directors.
began employment at the State Bank of Taunton as a teller in
April of 2008. Celia Gilbertson joined the staff in the area of
Teller/Operations in August 2008, replacing Mary Jo Thooft whose
employment ended in June 2008. Amber Kack also joined the bank
in August of 2008 as a loan processor.
joined the State Bank of Taunton in April of 2009 as the Senior
began employment at the State Bank of Taunton in October 2009 as
a loan clerk, replacing Amber Kack who was promoted to Credit
Amanda Gregg joined the State Bank of Taunton in October 2009 as
a Teller. Jeri Whortenbury joined the State Bank of
Taunton in October 2009 as Operations Clerk, replacing Celia
Gilbertson whose employment ended in September 2009. Also
in October of 2009 Ted Palmer was named Vice President of
At the end of
2009, Dianna Dandurand retired after working at the State Bank
of Taunton for 21 years.
Dianne’s employment lasted from February 1988 through December
In March of
2010 Carie Driessen was hired as a full time teller
Amber Kack was appointed a Loan Officer in November of 2010.
2011 brought us a new 3600 square foot addition to the bank,
housing the loan department and a new boardroom. Also in
January of 2011 the bank hired Brad Schriber as Vice President
and Compliance officer.
Moriah Reiss joined
the State Bank of Taunton as a full-time teller in April of
2012. She replaced Judy Wanken who reitred in March of
On May 10, 2012, Paul Jesse resigned from his
position as Senior Vice President. In July of 2012, Ross
Buffington was hired to take over as Senior Vice President.
On December 28, 2012 Ross Buffington resigned from his
position as Senior Vice President. Replacing Ross was
Paul Jesse; he was welcomed back in February of 2013 as
Senior Vice President.
In May of 2013 Angie Stacken resigned her positions from the
State Bank of Taunton.
In June of 2013 Jerry Wanken
retired from his position as President replace by Duane
Peterson who became President in August of 2013.
of 2013 we welcomed two new tellers to the group Kelly
Eischens and Diane Breyfogle, also in July Kevin Hoffmann
resigned from his position.
Present officers &
Jill Anderson, Administrative Assistant
Carie Driessen, Teller
Carol Jeremiason, Assistant Cashier
Paul Jesse, Senior Vice President
RE Loan Officer
Ted Palmer, Vice President/Ag Lending & Security
Brad Schriber, Vice President/Compliance Officer
Diane Breyfogle, Teller
Kelly Eischens, Teller
Duane Peterson, President/CEO
Present Board of
Keith L. Anderson