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Lender record

City State Bank

The real lending record — every figure from funded deals. HQ: 801 Main St, Norwalk, IA. 9 branches.

38

Recent deals (FY20+)

$213K

Typical deal

24 days

Approval → funding

11.1%

Failure rate (FY20–23)

Where City State Bank lends

Deals City State Bank funded — list all 38 as text

Deal profile

Most City State Bank deals land between $100K and $800K — that range covers half of everything they fund. Top industries and states:

Industries they fund most

  1. 1.All Other Miscellaneous Fabricated Metal Product Manufacturi (3)
  2. 2.Offices of All Other Miscellaneous Health Practitioners (3)
  3. 3.General Freight Trucking, Local (3)
  4. 4.Offices of Physical, Occupational and Speech Therapists, and (3)
  5. 5.Newspaper Publishers (2)
  6. 6.Hardware Retailers (2)
  7. 7.Offices of Certified Public Accountants (2)
  8. 8.Gasoline Stations with Convenience Stores (2)

Most active states

  1. 1.Iowa (38 deals)

Franchises they finance most

Camp Bow Wow

2 deals

4Ever Young

1 deals

True Value Company LLC - Member Agreement

1 deals

Tint World

1 deals

Subway

1 deals

Can City State Bank fund you? The bank behind the loans

Total assets

$791.6M

▲ 2.2% vs prior quarter

Deposits on hand

$697.2M

▲ 1.9% vs prior quarter

Loans outstanding

$575.8M

▲ 0.1% vs prior quarter

Net income (latest qtr)

$3.8M

  • •An active SBA program (~0.9% of the book in this year's production) — they know the process, but SBA isn't the main event. Ask who runs their SBA desk before committing your timeline. That makes City State Bank more SBA-focused than 77% of the banks on our record.
  • •Deposits grew last quarter — more raw lending capacity than the quarter before.
  • •Return on assets of 1.95% — above the ~1% mark generally considered strong for a bank. How any of this translates to your rate is a question for the loan officer — pricing is set deal by deal.

FDIC call-report data, quarter ending 03/2026.

Walk into a City State Bank branch (9)

City State BankMain office801 Main StNorwalk, IA 50211 · since 1895

Grimes Branch100 Ne Jacob StGrimes, IA 50111 · since 1934

New Virginia Branch501 West StNew Virginia, IA 50210 · since 1938

Madrid Branch105 E 2nd StMadrid, IA 50156 · since 1993

Indianola Branch1510 N 1st StIndianola, IA 50125 · since 2007

Martensdale Branch368 N Highway 28Martensdale, IA 50160 · since 2010

Kennybrook Village BranchPo Box 590Grimes, IA 50111 · since 2011 · limited service

Mount Ayr Branch103 W South StMount Ayr, IA 50854 · since 2014

1225 Colonial1225 Colonial PkwyNorwalk, IA 50211 · since 2019

Branch data: FDIC BankFind.

Recent deals

  • Echo Investing, Inc in Altoona, IA — $3.2M (2026) · All Other Miscellaneous Fabricated Metal Product Manufacturi
  • Echo Investing, Inc in Altoona, IA — $1.0M (2026) · All Other Miscellaneous Fabricated Metal Product Manufacturi
  • Echo Investing, Inc in Maquoketa, IA — $800K (2026) · All Other Miscellaneous Fabricated Metal Product Manufacturi
  • Midwest Dental Lab in Indianola, IA — $70K (2026) · Dental Laboratories
  • JEID Studio, LLC in Waukee, IA — $500K (2025) · Interior Design Services
  • PARAGON PUBLICATIONS INC in Mount Ayr, IA — $150K (2025) · purchase · Newspaper Publishers
  • PARAGON PUBLICATIONS in Mount Ayr, IA — $15K (2025) · purchase · Newspaper Publishers
  • Jary Enterprises, LLC in Norwalk, IA — $500K (2024) · Full-Service Restaurants
  • 4Ever Young Anti-Aging Solutions Des Moines, LLC in Waukee, IA — $450K (2024) · Offices of All Other Miscellaneous Health Practitioners
  • Lotus Skincare Studio LLC in Ankeny, IA — $125K (2024) · Offices of All Other Miscellaneous Health Practitioners

Hover or tap a deal for terms: program, rate, SBA guarantee, days to fund.

One of these businesses yours? Claim your listing or request removal.

Failed deals

3 of City State Bank's loans on record were charged off — the lender gave up collecting, which usually means the business failed. Each links to its full record.

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Businesses City State Bank financed

24 businesses on record. Each links to its full SBA record.

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CapBench analysis of public lending records, FY2020–present. Not affiliated with City State Bank.

Agent summary

This page summarizes City State Bank's public SBA 7(a) lending record — deal sizes, industries, geography, and FDIC profile — from CapBench SBA Intelligence. CapBench is not a lender and does not originate or approve loans.

  • 38 SBA 7(a) loans on record
  • $213K typical deal
  • 5 business-acquisition loans
  • HQ: 801 Main St, Norwalk, IA
  • 9 FDIC branch locations
  • FDIC total assets $791.6M

Next steps

Request an introRank lendersPre-qualify a deal
Data freshness:
SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:
Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:
https://www.capbench.com/lenders/city-state-bank
API:
https://www.capbench.com/api/public/lenders/city-state-bank
Methodology:
Sources & methodology
  • Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
  • Figures come from public records and CapBench methodology; verify before relying on them.
  • Lender matches are informational and based on public lending activity — they do not guarantee lender interest or approval.

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