History of Ohnward Bancshares, Inc

Ohnward Bancshares, Inc. was formed in 1967 by John W. Fagerland and Edward L. Tubbs. John and Ed had personally purchased controlling interest in Maquoketa State Bank in 1966. A year later, for tax reasons, they formed a bank holding company and transferred their stock ownership of MSB into the new company.

"They selected the unusual spelling of 'Ohnward' by combining the latter portions of each of their first names. Through the years, Ohnward has grown, but it has always maintained its local ownership and operation. The principal shareholders are members of the Tubbs and Fagerland families and participants of the Ohnward Bancshares, Inc. Employee Stock Ownership Plan."

The remaining 200 Ohnward stockholders reside in Eastern Iowa, primarily in Jackson, Clinton, Scott and Jones counties. Al Tubbs, Brig Tubbs, Abe Tubbs, and Kendra Beck, all members of the Tubbs and Fagerland families, are active participants in the management of Ohnward and its subsidiaries. Today Ohnward, which has 22 bank and service offices throughout eastern Iowa does business under many flags including Ohnward Bank and Trust, First Central State Bank, Gateway State Bank, Maquoketa State Bank, Maquoketa and Central Insurance Agencies, Central Realty, Ohnward Financial Advisor Services, Ohnward Tax, Accounting and Business Services and the newly formed Ohnward Wealth Management offices.  Ohnward employs over 250 dedicated employees whose single purpose is to give our clients the best possible service available. 

Brigham L. Tubbs  

Abram A. Tubbs 

 Kendra L. Beck     

  Dr. Alan Tubbs


We remember...

John W. Fagerland

Edward L. Tubbs

Krista L. Grant