Flanagan State Bank was founded in 1913, and has been family-owned since Hank Schwerin became involved in the 1930’s. Hank and his son, Paul’s descendants have had stewardship over the bank ever since. The current generation of Hank’s family, mostly his grandchildren, continue to hear customers’ stories of how Hank and Paul helped people out at crucial times in their lives.
One such story is that over 50 years ago, a small boy walked into Flanagan State Bank. The boy had lost his dog in an accident and he wanted to take out a $25 loan for a new puppy. While some might have called the boy’s father to handle the situation, Bank President Hank Schwerin didn’t. Instead he called in his secretary to draw up the proper papers, which the boy solemnly signed. The boy paid the note himself, a little at a time, and Hank never told his dad.
When you do business with us, you become a part of our extended family. We won’t treat you like a number. You can rely on the fact that our name and your checks won’t change every third year when another buyout occurs. We value the relationship we build with our customers. That relationship is what being a part of our family is all about. You can count on us during the best and the most trying of times. Our family is here to stay – hopefully for another 100 years!