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."
Ohnward Bancshares, Inc., a billion dollar bank holding company with 22 financial offices in Eastern Iowa including Maquoketa State Bank with offices in Maquoketa, Andrew, and Preston; Ohnward Bank and Trust with offices in Baldwin, Cascade, Monticello, Marion, Central City and Cedar Rapids; First Central State Bank, DeWitt with offices in Long Grove, Eldridge and Le Claire; and Gateway State Bank, Clinton with offices in Goose Lake and three in Clinton. Additional services are offered through all banking offices under the Ohnward banner which includes Ohnward Insurance Group, Central Realty, Ohnward Financial Advisor Services, Ohnward Farm Management, Ohnward Tax, Accounting and Business Services, Vosler Investment Group and Ohnward Wealth & Retirement offices.
Ohnward Bancshares, Inc. has total assets of $1.1 Billion, capital of $140 Million and employs over 260 full-time and part-time employees. Ohnward is locally owned by shareholders living primarily in Jackson, Clinton, Scott, Jones and Linn Counties. Bank management’s focus continues to be helping clients and communities grow and prosper. The banks have a strong record of community, economic development, educational and cultural support within the markets they serve.
Brigham L. Tubbs
Abram A. Tubbs
Kendra L. Beck
Dr. Alan Tubbs
John W. Fagerland
Edward L. Tubbs
Krista L. Grant