Farmers State Bank of Hoffman - History

Farmers State Bank of Hoffman was incorporated on March 21, 1911 with P.O. Unumb as the first President, Charles B. Kloos as Vice President, and Frank Buscher as Cashier.  In 1915 a new bank building was built and is part of the current facility today.   In 1914 G. A. Lofgren became Cashier, Anton Lofgren took over in 1939.  In 1941 David Lofgren was hired by the bank and took over in 1953 upon the death of Afton.  In 1970 the bank was sold to I.L. Swanson and H.B. Johnson.  They became the President and Vice President respectively.   Ebba Olson was hired as the Cashier.  In 1971 Swanson and Johnson sold the bank to Verle and Janice Hammer with Verle taking over as President and R.E. Wiley becoming Vice President.  Verle Hammer continued to serve as President until 1998.  Verle continues to serve as Chairman of the Board with Kevin Hammer taking over as President in 1998.

Farmers State Bank is the chartered independent bank that has served the Hoffman community since 1911.  We remain a small, independent bank committed to serving the needs of our community.  We are proud of the fact that we have been able to serve this community for close to 100 years.  This history of success is a testament to the quality service provided by our staff as well as the support of our customers.  We are absolutely committed to being a partner in your financial success.