The year was 1911; William Taft was President, the Philadelphia A’s won the 8th World Series, Ray Harroun won the first Indianapolis 500-mile car race and the State Bank of Newburg opened its doors to begin serving the financial needs of the community.
F.P. Isselman began his career at the bank in 1926 when the bank advertised for a CEO. Among the 15 other applicants that applied, F.P. was the only one who could speak and understand German which made him the ideal candidate for the position. Since then, the bank has been a family tradition. John J. Reichl, although never worked at the bank, served as the first president for 51 years from 1911-1962. John J. Reichl was the owner of Reichl’s General Store in Newburg. F.P. Isselman followed serving as president from 1962-1988, Jack Isselman was elected president from 1988-2011 and the current president Jonathan Isselman was elected in 2012.
The bank operated out of the original building on Main Street until 1965 when it then moved a block away. We have been in our present facility on Hwy 33 since 2000.
The bank survived the Great Depression and was held up twice; once in 1936 by the Dillinger Gang and again in 1946. In 1976 the bank continued to serve the community, although without power for 10 days, during the ice storm.
At the end of the first full year in the banking industry, State Bank of Newburg had $67 thousand in total assets. The bank has only continued to grow from there with over a $170 million in current total assets. The community we serve has grown from the Village of Newburg to many of the surrounding towns, cities and villages.
The State Bank of Newburg takes pride in the community it serves. Not only are we committed to providing excellent customer service inside our doors, but we extend that service into the community. You can always find us serving ice cream at the Washington County Breakfast on the Farm, clerking during the Washington County 4-H Livestock Auction, and volunteering at the Newburg Fireman’s Picnic. Our most recent community outreach is partnering with The Threshold Incorporated to provide an employment opportunity to those with disabilities. We take pride in providing employment opportunities for local individuals, partnering with local businesses, and giving our customers the chance they deserve.