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Lending

We want to be your hometown bank. Our Loan Officers and staff are dedicated to providing you quality financial services with competitive rates, various loan products designed to fit your needs and loan decisions made locally.

We 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. Subject to credit approval and qualifications.

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

The Cash You Need Is Right Under Your Roof! We offer Home Equity Lines of Credit and Fixed Rate Home Equity Loans.

We offer 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 debt consolidation, and not for day-to-day expenses. Insurance may be required.

  • Closing costs may apply.
  • Subject to credit approval.
  • Consult your tax advisor in regards to interest deductibility.

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. We offer real estate mortgages with an array of terms through our Residential Mortgage Loan Department. Fixed rate or adjustable rate mortgages are available. In order to make your application process as seamless as possible you may bring the following items to your appointment.

  • One paystub dated within 30 days of application
  • W-2 from tax previous year
  • Verification of support payments (Social Security and / or Pension)
  • Two months recent bank statements
  • Self Employed – Two yeas tax returns with all schedules.
  • Fully executed signed purchase agreement if applicable

Our team of experienced lenders look forward to working with you.

We are uniquely qualified to help you with your lending needs. All decisions are made locally. There are no bureaucracies in far-off cities standing between you and the money you need to take your business to the next level. Our knowledge and investment in the community will allow us to be a valuable partner in fulfilling your business needs.

We want to be your business’s bank. Our officers and staff are dedicated to providing you quality financial services with competitive rates. We know you, now let us know your business.

Decisions made locally from a partner who understands. Our Ag Lenders are experienced in the specialized needs of Ag customers, including farm operations, livestock, machinery purchases and farm real estate.

We want to be your bank. Our officers and staff are dedicated to providing you quality financial services with competitive rates. We know you, now let us help you grow your agricultural business.


Lenders

South Ottumwa Savings Bank is uniquely qualified to help you with your lending requests as our Loan Departments have over 454 years of experience.
Tim Brcka

Tim Brcka
Vice President / Loan Officer
320 Church Street, Ottumwa IA
EMAIL

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.

Doug Anderson
Doug anderson

Doug Anderson
Business Development Commercial Loan Originator
102 South Main Street, Albia
EMAIL

Doug is a Business Development Commercial Loan Originator with over 10 years of experience in the banking industry, as well as a 2017 graduate of the Iowa School of Banking. He is a 2014 graduate of the Ottumwa Leadership Academy and is very active in Rotary, in which he currently serves as the Assistant District Governor in addition to being a former President of the Ottumwa Rotary Club.

Dawn Benedict

Dawn Benedict
Vice President / Loan Officer
2525 N. Court Street, Ottumwa, IA
EMAIL

Apply for a Mortgage Loan

NMLS# 780275

Dawn works with Real Estate, Consumer and Commercial Lending. She graduated from Indian Hills Community College and has been in banking for over 30 years. Dawn is a member of the Agency AN TTT Group, Agency 4th of July Celebration Committee, Chairman for South Central Iowa SCORE and Treasurer of Cardinal A- Club. She is a 2015 graduate of the Ottumwa Leadership Academy. She enjoys volunteering in the community.

Jason Cassady

Jason Cassady
Market President
101 E Fourth Street, West Liberty, IA
EMAIL

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 a member of Rotary, St. Joseph Church and West Liberty Chamber of Commerce. 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).

Becky Davis-Dimmitt

Becky Davis-Dimmitt
Vice President / Ag Loan Officer
320 Church Street, Ottumwa IA
EMAIL

Becky is a native of Ottumwa and has been in banking since 1983. She specializes in Agriculture and Commercial Lending. She is actively involved in farming and enjoys the outdoors and gardening. She is also a Wapello County 4-H Board Member, Ottumwa PEO Chapter Member, Batavia TTT Chapter Member.

Jason Feldman
Jason Feldman

Jason Feldman
Ag Business Development / Loan Originator
101 E Fourth Street, West Liberty IA

EMAIL

Jason has been in banking for over 7 years and graduated from the IBA Consumer Lending School. He also holds a Bachelor of Science Degree from Clarke College. He is a livestock superintendent for the Muscatine County Fair.

JJ Garcia

JJ Garcia
Vice President of Business Development / Real Estate and Commercial Loan Officer
101 E Fourth Street, West Liberty, IA
EMAIL

Apply for a Mortgage Loan

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 and enjoys playing softball and golf.

Ruth Neubert

Ruth Neubert
Vice President / Senior Loan Officer, 102 South Main Street, Albia, IA
EMAIL

NMLS# 770024

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.

Penny J. Reed

Penny J. Reed
Vice President / Loan Officer
320 Church Street, Ottumwa IA
EMAIL

NMLS# 780091

Penny works with Real Estate, Consumer and Commercial Lending. She graduated from Indian Hills Community College, Ottumwa, Iowa and the Financial Institute of Education, Chicago, Illinois. Penny has been in the banking industry for over 40 years. She joined South Ottumwa Savings Bank in 1992. She currently serves on the Foundation Board for the Wapello County 4 H Expo. Penny is an active member of the First Baptist Church in Ottumwa and is a member of the Noon Lions.

Beth Riley

Beth Riley
Mortgage Loan Officer
320 Church Street, Ottumwa IA
EMAIL

Apply for a Mortgage Loan

NMLS# 1466911

Beth has been with South Ottumwa Savings Bank since 2000 and works with Real Estate and Consumer Lending with prior experience in loan processing and deposit services. She graduated from Buena Vista University with a Bachelor’s of Arts Degree in Finance and Banking with focus areas in Business Management and Sociology. Beth is an active member of the Bridge Church in Ottumwa, a member of the Hy-Noon Kiwanis Club and was a 2019 graduate of the Ottumwa Leadership Academy.

Mike Sprau

Mike Sprau
Vice President / Commercial Loan Officer
320 Church Street, Ottumwa IA
EMAIL

Mike is an Iowa Native growing up in North Central Iowa. He has an Associate’s Degree in Business Management from Kirkwood Community College, Bachelors Degree in Business Management / Finance from the University of Iowa and over 20 years experience in lending / banking relationships. Mike specializes in Commercial Lending.

Routing # 073900690

NMLS # 769763


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