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Why bank with us?

  • South Ottumwa Savings Bank believes that each customer and business is unique and important.
  • We will give you personal attention, and continually build relationships.
  • Our staff is knowledgeable, and we take our customer service seriously.
  • Our experts have extensive experience in the financial services industry and are qualified to maximize and improve your financial situation.
  • We have the only full service Trust Department in the area helping you to build a legacy, a nest egg, a future for you and your family.
  • South Ottumwa Savings Bank provides consumer and business financial products, services, and personalized programs.
  • Our easy-to-use, free online banking services give you access to your accounts 24/7, giving you complete visibility at your convenience.

We have been in business over 100 years. We respect our past, we respect today and we will continue to respect our communities as we work towards our next 100 years of history.

  • 1903

    Bank established as a currency exchange on the site that is presently South Side Drug, Frank McIntire elected President

  • 1910

    South Ottumwa Savings Bank incorporated (2-18-10)

  • 1911

    C. D. Evans and brother, H. H. Evans, joins the Bank

  • 1912

    New building erected at the corner of Weller & Church, where presently located

  • 1922

    Ralph Watson joins the Bank

  • 1955

    Myron Ackley elected to the Board of Directors

    Bank building remodeled

  • 1956

    Robert Ackley, son of Myron, joins the Bank

  • 1957

    C.D. Evans retires from the Bank and the Board of Directors

  • 1958

    H.H. Evans retires from the Bank and the Board of Directors

  • 1959

    Lot next to the Main Bank, which housed the Do Drop Inn, was purchased

  • 1964

    Original bank building removed and existing building constructed

  • 1970

    Robert Ackley elected President

  • 1976

    Ralph Watson retires from the Bank after 53 years

    Penn-Elm Bank was opened

  • 1980

    Motor Bank was opened

  • 1982

    Two-story addition added to the Main Bank on the original bank building location

  • 1985

    M.L. Ackley retires from the Bank after 30 years

  • 1986

    Robert Ackley becomes Chairman of the Board

    South Ottumwa Bancshares, Inc. becomes subsidiary

  • 1987

    Robert Ackley retires from the Bank after 31 years

    Phil Drumm becomes President/CEO, Don Roemerman becomes Chairman of the Board

  • 1990

    Sunshine Club established

  • 1992

    Purchased Peoples Federal Savings Association’s assets

  • 1994

    Purchased parking lot behind Main Bank to expand customer parking

  • 1995

    New Addition added to relocate Loan Department, Ag Department and Sunshine Club

  • 1996

    Fatal plane accident involving Bank President, Phil Drumm and Board Director, Dave Carpenter

    Don Roemerman becomes acting president

  • 1997

    Thomas M. Awtry becomes President/CEO

    Don Roemerman retires from bank after 43 years

  • 1998

    Major remodeling at the Main Bank

  • 1999

    Remodeling at the Penn-Elm Bank

  • 2000

    Completion of the Penn-Elm Bank remodeling

    South Ottumwa Bancshares, Inc. becomes Cornerstone Financial Services Group, Inc.

  • 2001

    Ground breaking for the North Court Bank

  • 2002

    Completion of the North Court Bank with grand opening April 1, 2002

  • 2003

    South Ottumwa Savings Bank celebrates 100 years

  • 2008

    South Ottumwa Savings Bank purchases Fareway property

  • 2011

    Purchased Hedrick Savings Bank

  • 2012

    Thomas M. Awtry retires from the bank after 15 years

  • 2013

    Teri Messerschmitt becomes President/CEO

  • 2015

    Merged with sister bank, West Liberty State Bank

  • 2020

    Purchased Peoples State Bank

  • 2024

    Teri Messerschmitt becomes Chairman of Board, CEO. Natalie Bolin named President

Teri L. Messerschmitt, CEO

Since its inception, South Ottumwa Savings Bank’s primary mission has been to serve the banking needs of Ottumwa and Wapello County. This mission continues to be the driving force behind the Bank today. We are proud that our territory expands to the City of Hedrick and Keokuk County with the acquisition of the Hedrick Savings Bank in 2011. In 2015 the growth continued into Muscatine County as well as surrounding counties with the merger of West Liberty State Bank, which was an affiliated bank. Most recently, in 2020 we were able to acquire Peoples State Bank of Albia. Having similar cultures with our commitment to serving our communities and customers, we are excited to be part of the strong, thriving community of Albia and Monroe County. Healthy competition between other financial institutions helps to ensure that customers receive fair deposit and loan rates and access to the newest technology, products and services. South Ottumwa Savings Bank is one of the oldest banks in Southeast Iowa and has built a reputation of conservative soundness that has provided safety, security, and quality service since 1903.

Being a locally owned and operated community bank is important to the employees of South Ottumwa Savings Bank. We live in our communities and we know the people who are banking with us. The knowledgeable and experienced staff at South Ottumwa Savings Bank care about our customers and are committed to delivering the highest level of customer service available. We take pride in being on a first name basis with our customers. We provide a hometown banking atmosphere while offering personal, business, agricultural, and real estate services. Trust services are immediately available through our dedicated trust officers. Loan financial decisions are made locally and we offer competitive rates

The challenges of the last year made it apparent that alternate ways of banking are necessary. Products that we already have available such as online and mobile banking, mobile deposit, person to person payments, cash management and eSignature are critical to serve our customers. A new business debit card was introduced that allows business customers to utilize online and hands free payments using their mobile wallet in addition to allowing authorized signers a preset daily limit.  The Paycheck Protection Program was hugely successful. Our lenders processed over 950 loans totalling over $28.5 million. The Paycheck Protection Program (PPP) is a loan designed to provide direct incentive for small businesses to keep their workers on payroll, hire back employees that may have been laid off and cover applicable overhead expenses.

South Ottumwa Savings Bank is committed to serving every community in which we do business. This is evidenced by our long history of giving back with charitable donations and community sponsorships. With the economic conditions over the past several years we have taken the community needs to a higher level. Focus has been given on partnerships within the community to identify areas that will enrich the quality of life for our customers. We support the progress that is being made locally and look forward to the future. We are committed to being the best financial partner to meet the needs of individuals and businesses alike. Thank you for your continued support of South Ottumwa Savings Bank. We appreciate you.

Teri L. Messerschmitt
Chairman of Board, CEO

Our staff enjoys living and working in our communities and believes in giving back…we are dedicated to helping our communities grow.

South Ottumwa Savings Bank

Photo of Teri Messerschmitt

Teri Messerschmitt
CEO/ Chairman of the Board

Teri has been in banking over 35 years and is a graduate of Iowa State University with a double major in Business Administration/Accounting and Sociology. She passed the CPA exam in 1985, graduated from the School for Bank Administration in Madison, Wisconsin in 1987 with a Controllership Major and in 1991, Bank Operations. Teri is currently a member of the Rotary Club of Ottumwa and City Finance Advisory Committee. She also serves on the board of Community Bankers of Iowa, Tenco and the Regional Entrepreneurship Center.

Photo of Natalie Bolin

Natalie Bolin, MBA, CPA
President / CFO

Natalie is a graduate of the University of Nebraska, Omaha, NE with a bachelor’s degree in Accounting and a Master’s in Business Administration. Natalie spent 6 years as a practicing CPA before joining the financial industry in 2007. She is a member of the Board of Directors of the Ottumwa Regional Legacy Foundation and serves on the Finance & Investment Committees. Additionally, Natalie serves on the Ottumwa Library Foundation Board of Directors, Davis County Music Boosters as Treasurer and the Bloomfield United Methodist Church Board. She is a 2013 graduate of the Ottumwa Leadership Academy and served on the academy’s Advisory Board from 2013 through 2019 and remains active with the academy’s Alumni Association.

Tim Brcka

Tim Brcka
Senior Vice President, Senior Loan Officer

Tim has over 30 years of experience in the banking and finance industry. He is a graduate of the University of Iowa earning a bachelor of business administration degree in finance. Tim is responsible for the management of the South Ottumwa Savings Bank Loan Department.

Photo Sandy Hughes

Sandy Hughes
Vice President / Compliance Officer

Sandy has over 40 years of experience in the banking industry. She is a graduate of the Iowa School of Banking. Sandy is responsible for the management of the Bank’s Compliance Program.

Suzie Morrison
Vice President, Marketing Officer / Retail Banking Manager

Suzie has been with South Ottumwa Savings Bank since 2002 with previous experience in Consumer, Real Estate and Commercial Lending. An Ottumwa native, she graduated from Indian Hills Community College and has over 30 years of experience in the financial industry. She is a member of the Ottumwa Oktoberfest Committee, Hy-Noon Kiwanis Club, Ottumwa Leadership Academy Advisory Board and the Greater Ottumwa Partners in Progress Lean In Committee. She is a 2014 graduate of the Ottumwa Leadership Academy.

Diane Webber

Diane Webber
Human Resources Officer

Diane has been with South Ottumwa Savings Bank since 2014 and is responsible for payroll and benefits administration. She obtained her Associates in Pre-Business Administration from University of Cincinnati and obtained a Bachelor of Management from Buena Vista University after moving to Iowa. Diane’s past volunteer efforts include serving as a CASA (Court Appointed Special Advocate) and a long term member of the Foster Care Review Board of Wapello County. She is also a volunteer for the Food Bank of Iowa serving on the Regional Round Table.

West Liberty State Bank Office of South Ottumwa Savings Bank

Jason Cassady

Jason Cassady
Market President, West Liberty State Bank Office

NMLS# 805421

Jason has been with West Liberty State Bank since 2002. He does Real Estate, Consumer, Agricultural and Commercial Lending. He graduated from Iowa State University with a Bachelors Degree of Science. Jason is active in the West Liberty Rotary, youth sports programs, and serves on the Board of Directors of WE LEAD (West Liberty Area Economic Development).

Suzie Morrison

Carmela Lechuga
Vice President, West Liberty State Bank Office

Carmela has been with West Liberty State Bank for over 30 years. She has exceptional experience in deposit services, loan administration and operations / auditing. She is a member of the West Liberty School Foundation and West Liberty Chamber of Commerce.

Bank employee jj garcia

JJ Garcia
Vice President of Business Development / Real Estate & Commercial Loan Officer West Liberty State Bank Office

NMLS# 641591

JJ started at West Liberty State Bank in the spring of 2016 and is a native of West Liberty. He has over 15 years of banking experience specializing in real estate lending and building banking relationships. He serves his community as the president of the Park and Recreation Board for the City of West Liberty.

Peoples State Bank Office of South Ottumwa Savings Bank

Ruth Neubert

Ruth Neubert
Vice President / Senior Loan Officer

Ruth is a Senior Lender at the Albia location specializing in Commercial and Agricultural Financing and has over 23 years of banking experience. She is a 2004 graduate of William Penn University with a Bachelor’s degree in Business and a 2014 graduate of the Graduate School of Banking in Madison, WI. She is actively involved in Ottumwa Habitat for Humanity, Monroe County Arts Council, William Penn University Alumni Association and the IBA Leadership Peer Group.

Our employees understand the importance of community involvement and being actively engaged in their communities. This list represents some of the committees and non-profit organizations our employees are currently participating in.  

Words volunteer
Agency AN TTT Member
Agency City Council
Agency Community Development Corporation
Albia Booster Club
Albia Chamber Main Street
Albia Lions Club
Albia Restoration Days Committee
Albia Victorian Stroll Committee
American Home Finding Association
Bladensburg Christian Church Volunteer
Blakesburg Corn Carnival Committee
Convention and Visitors Bureau Board Member
Food Bank of Iowa Round Table – Ottumwa Region
Friends of Ottumwa Parks
Greater Ottumwa Partners in Progress Board Member
Hooves and Hats 4-H Leader
Hy-Noon Kiwanis
Monroe County Historical Society
Monroe County Hospital Foundation Board
Monroe County Housing Trust Committee
Muscatine County Fair Swine Superintendent
Ottumwa Ambassadors Member
Ottumwa Eagles Women’s Auxiliary
Ottumwa Leadership Academy Advisory Board
Ottumwa Leadership Academy Alumni Committee
Ottumwa Legacy Foundation Board Member
Ottumwa Library Foundation Board Member
Ottumwa Noon Lions
Ottumwa Oktoberfest Committee
River Hills Community Health Center Board of Directors
Rotary District 6000 Assistant Governor
Rotary Club of Albia Member
Rotary Club of Ottumwa Member
West Liberty Chamber of Commerce
West Liberty Community School District Foundation
Wilton Parents for Youth Board Member
Wilton Youth Sports Coach
100+ Women Who Care – Comet Chapter