About Us

Mission Statement

While meeting the financial needs of our customers is the prime responsibility of every employee, we are committed to providing a level of service second to none.

We pledge, every minute of every day, to make banking an enjoyable experience and to make the NSB experience a warm and refreshing break in our customers’ otherwise demanding lives.

NSB Bank History

  • 1933 Bank organized by local investors.
  • 1954 Kermit S. Paulson and his father K.S. Paulson, Joice banker Purchased controlling interest in Northwood State Bank.
  • 1964 Kermit S. Paulson death.
  • 1966 Glenn O. Emmons named Executive Vice President Mrs. Velma Paulson named President.
  • 1972 Constructed a new 4,000 square foot building in Northwood.
  • 1973 Kary S. Paulson joined the bank as VP & Cashier.
  • 1976 Total assets of the bank surpass $25,000,000.
  • 1987 Kary S Paulson named President.
  • 1989 Velma Paulson death.
  • 1991 Northwood State Bank purchased the deposits of American Federal Savings & Loan, Regency Branch, Mason City, Iowa Changed the name to Northwoods State Bank.
  • 1992 Remodeled an adjacent building in Regency to expand their Facilities in Mason City to 2,700 square feet.
  • 1993 Total assets of bank surpass $50,000,000.
  • 1995 Northwoods State Bank purchased the deposits of Metropolitan Federal Savings and Loan, Northwood Iowa branch.
  • 1998 Kirk S. Paulson joined the bank at the Regency branch as VP. Don Sapp Joined the board of directors
  • 1999 Announced the plans to acquire Hardees and build a 7,300 sq. foot building on Mason City’s West Side. Anticipated completion date is May 2000. Mobile banking facility will be on site June 1st. Roger Bang joined the board of directors
  • 2000 Kary S. Paulson named Chairman and Tom Quinlan named President. Kris S. Paulson joins bank as Network and IT administrator.
  • 2001 Total assets of bank surpass $75,000,000.
  • 2003 Truman Hengesteg and Donald Janssen leave the board of directors and are replaced by Dean Moretz and Mark Davidson.
  • 2007 Total assets of bank surpass $100,000,000.
  • 2008 Northwoods State Bank - 75 years in Banking 1933-2008. 
  • 2009 Total Assets of bank surpass $125,000,000. Terry Steinmentz leaves the board of directors and is replaced by Dan Hendrikson 
  • 2011 Total Assets of bank surpass $150,000.000.
  • 2013 NSB celebrates 80 years in Banking 1933-2013. Assets surpass 175,000,000. Tom Quinlan retires from Bank in December and continues to serve on Board of Directors. Kirk Paulson named President and CEO.
  • 2013 Name of bank officially changed from Northwoods State Bank to NSB Bank.
  • 2014 Kris S Paulson and Aaron Carman joined the Board of Directors of bank.
  • 2015 Bank assets exceed $190,000,000.
  • 2015 Directors Don Sapp and Roger Bang retire from the Board of Directors.
  • 2016 Dennis Muyskens joined the Board of Directors.
  • 2017 Bank assets exceed $200,000.00.
  • 2018 NSB Bank celebrates 85 years in Banking 1933-2018.
  • 2019 NSB Bank remodels West office and moves operations and IT upstairs to create more usable space on the main floor for future and additional growth.
  • 2019 NSB Bank assets exceeds $211,000,000.
  • 2020 NSB Bank assets exceed $234,000,000, December 4, 2020 NSB Bank acquires TSB Bank and its 3 locations in Titonka, Thompson, and Forest City with total assets of $185,000,000
  • 2021 NSB Bank merges TSB Bank into NSB Bank July 9th 2021 with total assets exceeding $438,000,000 and a total of six locations. Aaron Boyken joined the Board of Directors.
  • 2021 Chairman Kary Paulson passes away in October, Kirk Paulson appointed Chairman of the Board, continues to serve as President and CEO
  • 2022 Bank assets hit $450,000,000
  • 2022 Mark Davidson retires from the BOD after 20 years and Dan Hendrikson retires after 14 years of service.
  • 2023 NSB celebrates 90th Anniversary 1933-2023.
  • 2023 Dave Moore and Ron Davidson join the Board of Directors.

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