Taking Good Care of You!

Our History

Your neighborhood bank for over 100 years and 100 more...

Readlyn Savings Bank (RSB) merged with American Savings Bank (ASB) on December 3, 2021. ASB is now officially a location of RSB, a long-time closely affiliated “sister bank.” The trade name of the Tripoli location, “American Saving Bank” has been retained to avoid customer confusion and geographically distinguish the Tripoli location from the Readlyn location. Please click here to read the press release announcing the MERGER.

For over 100 years the two bank locations have proudly served the Readlyn-Tripoli community. Through two World Wars, The Great Depression, the Farm Crisis, and Covid-19 these local institutions have stood the test of time. Now as a single unified local bank, with two locations, we are stronger than ever and well-positioned to serve our great community for another 100 years, come what may. Following is a brief timeline of each bank location’s history.

RSB-Readlyn: Taking Good Care of You . . . and One Old Grump – Since 1904

Since 1904 RSB and the people of Readlyn have been close partners and good neighbors. From the humble start-up investments of Readlyn’s first pioneers who recognized the importance of local access to capital, RSB has grown with the town as it has developed from but a stop on the Great Western Railroad into the wonderful, vibrant community it is today.

  • 1904  Readlyn, Iowa founded and Readlyn Savings Bank established
  • 1929  Great Depression but RSB survives and thrives
  • 1933  Readlyn Semi-Pro State Baseball champs – trophy displayed at RSB
  • 1943  First female employee was Glenyce Bruns;
  • 1945  Janice Heineman; 1954 Grace Kuethe
  • 1961-62   The first RSB modernization & remodel
  • 1979  Drive-up facilities added
  • 1983  “Country” filmed in Readlyn and inside RSB; Lois Ganske’s line: “Jim…”
  • 1986  Burton Stumme retires after 53 years
  • 1997  The “New” RSB facilities are constructed
  • 2004  RSB and Readlyn celebrate 100 years!
  • 2006  GRUMPTOBERFEST! #1 & Internet Banking
  • 2010  Readlyn Grump Trail: RSB donates $10,000 & sponsors return of the 10-Man Bike
  • 2014  Capt. John Kleitsch leads Readlyn Fire Dept. to victory in RSB Grump Cup #7
  • 2019  e-banking upgrades: Mobile Banking, Remote Deposit, Bill Pay, e-Statements, Alerts
  • 2021  Merge with “sister bank” American Savings Bank in neighboring Tripoli, Iowa
  • 2022  Bank addition and remodel

ASB-Tripoli: The Spirit of American Banking ~ Since 1899

Since 1899, American Savings Bank, a location of Readlyn Savings Bank, has been proud to represent The Spirit of American Banking. In the era of "too big to fail" ASB remains a testament to the beauty of "small banking" where friendliness and personal service still count for something. ASB believes the Pursuit of Happiness begins with equal opportunity and is guided by the principles of Discipline, Independence and Freedom. ASB proudly offers customers all the modern technological conveniences without ever sacrificing the personal touch. In 1899 both the bank and town were founded. Since that time to the present day, American Savings Bank and the people of Tripoli have worked together to make our town a great place to live. As a reliable and trusted hometown bank, ASB has stood shoulder-to-shoulder with Tripoli through the Great American Century, facing our common challenges head on, together. American Savings Bank looks forward to soldiering on with the community to meet our future challenges and together maintain our uniquely American quality of life.

  • 1899  Tripoli, Iowa founded and German Savings Bank established, January 21
  • 1918  German Savings Bank changes its name to American Savings Bank
  • 1929  Great Depression closes Tripoli State Bank, but ASB survives and thrives
  • 1930  ASB moves from Tripoli Mercantile to new facilities (Community Insurance Building)
  • 1964  ASB moves to present location
  • 1972  “Computerize Banking” - ASB pledges continued “personal touch”
  • 1983  Bank doubles square-footage, adds drive-up window
  • 1990  Electronic Time & Temperature Sign; First Customer Appreciation Party held
  • 1996  Bank adds vestibule ATM and second drive-up lane
  • 2006  Website, Internet Banking and Debit Cards introduced; new pitched roof added
  • 2012  ASB donates $10,000 to Sweet Water Bike Trail
  • 2013  Complete Bank Remodel: enhanced customer & employee experience, operations-efficient restructuring, energy-efficient temperature control & lighting, handicap-accessible family-style restroom, improved facade, new drive-up window & drive-up ATM, new security system & cameras. A completely new & improved facility to take us into the next century of banking in Tripoli!
  • 2019  e-banking upgrades: Mobile Banking, Remote Deposit, Bill Pay, e-Statements, Alerts
  • 2021  Merge with “sister bank” Readlyn Savings Bank in neighboring Readlyn, Iowa

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