Danville State Savings Bank is a community bank serving Southeast Iowa since 1899, offering personal, business, and agricultural banking with FDIC insurance and surcharge-free ATM access.
Editorially reviewed by Harvey Brooks
Danville State Savings Bank has operated as a locally-rooted financial institution in Southeast Iowa for over 120 years, establishing itself as a trusted partner for individuals, businesses, and farmers across the region. The bank maintains multiple branch locations and emphasizes deep community connections and personalized service rather than a purely digital model.
The bank offers a comprehensive suite of banking products including personal checking accounts (Blue Bonus Cash Checking, Blue Bonus Cash Back Checking, NOW Accounts), savings products (statement savings, Christmas Club accounts, money market accounts, CDs, IRAs, and HSAs), and various loan products spanning personal loans, home mortgages, home equity loans, auto loans, commercial real estate loans, equipment loans, business lines of credit, and agricultural loans. They also provide online and mobile banking platforms, surcharge-free ATM access, and standard account services like check reordering and lost card replacement.
What distinguishes Danville State Savings Bank is its explicit positioning as a relationship-based community bank with agricultural lending expertise and a 120+ year operational history in the same geographic region. The bank markets itself on "good, old-fashioned value" and emphasizes personalized service, competitive CD and money market rates, and specialized lending for farmers and rural businesses—services that larger national banks typically deprioritize.
As a traditional brick-and-mortar community bank, Danville State Savings Bank is best suited for customers who value local relationships, in-person service, and community reinvestment over cutting-edge digital features. The main caveat is that as a smaller regional institution, they may have more limited online tools and features compared to major national banks, and loan approval processes may be slower despite potentially more flexible underwriting for local borrowers.
Yes. Danville State Savings Bank is a registered company headquartered in New London, IA, founded in 1899. They hold a rating with the Better Business Bureau.
Account opening typically takes 1-3 business days. Loan decisions vary by product.
CreditDoc Diagnosis
Danville State Savings Bank is best for individuals, families, businesses, and farmers in Southeast Iowa who value relationship banking, personalized service, and community reinvestment over digital convenience and national scale. The main caveat is that its limited geographic footprint and smaller institution size mean it's not accessible to customers outside the Iowa tri-county area and may offer fewer advanced digital features than large national banks.
LendingClub is a digital marketplace bank offering personal loans up to $60,000, auto refinancing, and award-winning checking/savings accounts with no physical branches.
Best for: Borrowers with good-to-excellent credit seeking competitive personal loan rates, Credit card debt consolidators looking for fixed-rate alternatives
Security Service FCU is a San Antonio-based federal credit union founded 1956 with $13B+ in assets. NCUA insured. 70+ branches in TX, CO, UT. BBB A+ accredited. Originally serving military/federal employees.
Best for: San Antonio area residents and military personnel seeking credit union banking, Consumers wanting NCUA-insured deposits and competitive loan rates
Texas-based federal credit union offering checking, savings, auto loans, mortgages, and home equity products with a mobile-first approach and member-focused service model.
Best for: Texas residents seeking a digital-first banking experience with a mobile-optimized platform, Auto loan refinancers looking to lower existing rates through credit union partnerships
Learn what makes up your credit score, how it's calculated, what the ranges mean, and how to check yours for free.
Read guide →Your credit report contains the raw data behind your score. Learn what's in it, how to read it, and how to dispute errors that could be dragging your score down.
Read guide →Klarna, Afterpay, Affirm — they make spending easy. But what happens to your credit score when you use them? Here's what the fine print doesn't tell you.
Read guide →Affiliate Disclosure: CreditDoc may earn a commission when you click links to Danville State Savings Bank and other services. These commissions help us maintain our free research. Our editorial team independently evaluates all services. Compensation does not influence our ratings or rankings. Learn more.