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WINTER 2017
From Thousands to Millions
This success story began on October 31, 1935, when the
Farmers State Bank of Gladstone moved its headquarters
to Garrison, changed its name to Garrison State Bank, and
assumed the deposits and liabilities of the First National Bank.
The total assets of the bank at its origin were $134,000.
Hans A. Fischer and G.A. Lindell of Washburn became
owners of Garrison State Bank in 1941. Henry T. Holtz had
been the bank’s manager and a stockholder in the bank
from its inception. He continued to manage the bank for
Mr. Fischer until his death. In 1956, Hans Fischer sold his
controlling interest in Garrison State Bank to Wayne and
Bernice Stroup; and brother, George Stroup. Wayne and
Bernice Stroup moved to Garrison and Wayne assumed the
management of the bank. The bank’s assets grew from $2
million dollars in 1956 to its current value of $130 million.
Although the bank had offered trust services for many years,
it changed its name to Garrison State Bank and Trust in
1998 to accentuate this new segment of its business. Today,
it offers a broad range of products and services. (See sidebar
on page 5.)
RTC Keeps Everything Connected
Garrison State Bank and Trust relies on RTC for its commu-
nications services, which currently include 500 x 500 Mbps
and 100 x 100 Mbps internet connections, a LAN (local area
network), phone and fax lines, and SecureIT Plus for backups.
President Bruce Schreiner notes, “Several years ago, we used
circuits to send data back and forth between our banks. The
speeds on those were fine at the time, but as the volume of
data we sent grew due to check imaging and other technol-
ogy, more bandwidth was needed. RTC introduced faster
internet speeds, and we switched to that service. Garrison
State Bank and Trust is now able to transfer information
more quickly than ever before.”
BUSINESS SPOTLIGHTS
A new location in Max leads to new network technology
Garrison State Bank and Trust
For customers, a bank is about much more than dollars. It’s about dreams. Garrison State Bank and Trust
understands this well, as reflected in its mission statement: “Community banking at its best offering
steadfast commitment and financial solutions, empowering our customers to realize their dreams!”
Tellers from the Garrison branch
Customers visiting tellers at the Garrison branch