Iowa State Bank & Trust Company opened its doors for the first time on May 19, 1934, after a merger between Iowa State Savings Bank and the Iowa Loan and Trust Company was agreed to create a strong unified bank during the Great Depression. That same year, the bank was accepted into the Federal Reserve System.
In November of 1939, Ralph Eastburn became the first member of the Eastburn family to lead the bank after purchasing controlling interest. He served as President, Chairman of the Board, and Principal Shareholder until his untimely death in January of 1966. The legacy that Ralph Eastburn began paved the way for his family to continue to help the bank grow. Ralph’s son, Charles Eastburn, who had worked for the bank for more than a decade, was unanimously voted the next president of Iowa State Bank & Trust Company.
Charles Eastburn retired from his active role in the bank in 1991, turning leadership over to his son, David Eastburn, to begin the third generation of Eastburn leadership at the bank. During Charles Eastburn’s tenure, the bank grew from a $5.3 million bank to a $64.3 million organization.
Over the last 80 years, Iowa State Bank & Trust Company experienced significant growth. A new main bank was constructed and opened in 1996, and other locations also grew in size. Through it all, we remained dedicated to the Fairfield community: leading the charge for projects like the construction of the Fairfield Arts & Convention Center; helping community businesses get their start and expand with responsible lending; and helping the community upgrade their athletic facilities through bank donations.
Today, Iowa State Bank & Trust Company has grown into an institution with more than $120 million in assets. The bank continues to look toward the future with installation of full solar panel arrays on our buildings, and new ATMs that provide full-service withdrawals, deposits, and stamps, for the convenience of the community.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154