South Ottumwa Savings Bank is uniquely qualified to help you with your lending issues. All decisions are made in Ottumwa by people who know Ottumwa and the surrounding area. There are no bureaucracies in far-off cities standing between you and the money you need to fulfill your dreams.

We want South Ottumwa Savings Bank to be your hometown bank. The Loan Officers and staff at South Ottumwa Savings Bank are dedicated to providing you quality financial services with competitive rates, various loan products designed to fit your needs and loan decisions made locally within 24 hours.


South Ottumwa Savings Bank will extend credit to individuals for meeting personal needs (including family emergencies, vacations, medical or dental expenses). There are two ways to structure this type of a loan: Unsecured Loans are loans in which no collateral is required and Secured Loans which are loans requiring some type of collateral. Collateral can include savings, certificates of deposits, automobiles, or a second mortgage on a home.

Auto Loans (New and Used)

Loans for new and used automobiles are offered. This also includes loans for the purchase of recreational vehicles, trucks, boats and motorcycles.

Prime Equity Credit Lines

The Cash You Need Is Right Under Your Roof!

  • NO Origination Fee
  • NO Annual Maintenance Fee

South Ottumwa Savings Bank offers a revolving line of credit in which the customer's home serves as collateral. Because the home is likely to be a consumer's largest asset, many homeowners use their credit line only for major items such as an automobile, home improvements or education, and not for day-to-day expenses. Insurance may be required.

Real Estate

Whether you are buying your first home, moving or refinancing your present mortgage, we have an affordable home loan to fit your needs. We've been making home loans for almost 100 years. So, you can have the security of knowing that we'll be right here when you need us. South Ottumwa Savings Bank offers real estate mortgages with an array of terms through our Residential Loan Department. Fixed rate or adjustable rate mortgages are available. Please stop in and visit with Penny Reed at the Main Bank, 320 Church Street, Ottumwa, IA; Suzanne Morrison at the Main Bank, 320 Church St. Ottumwa, IA; Dawn Benedict at North Court Bank, 2525 North Court Street, Ottumwa, IA; Kim Fears at the Hedrick Bank (Office of South Ottumwa Savings Bank), 101 Main Street, Hedrick, IA; Roger Gilbreaith at the Kellogg Bank (Office of South Ottumwa Savings Bank), 202 High Street, Kellogg, IA to discuss your loan options.