Journal Express, Knoxville, IA

Local News

June 23, 2014

Iowa State's east motor bank to close

Knoxville — Customer preferences toward technology has prompted the Iowa State Savings Bank to plan the closure of their drive-up bank at Fifth and Main Streets in Knoxville.  Closing the banking location known locally as “The East Motor Bank” ends nearly 40-years of teller services from that location as electronic methods become preferred by the bank’s customers.   The closure is scheduled for September 26, 2014.

“We continue to see a remarkable shift from in-person banking transactions toward electronic banking, payment and deposit systems” said Iowa State Savings Bank CEO Stuart Job.   “Automated payroll, debit cards, 24/7 mobile and internet banking have all made banking easier for today’s customers and diminished the need to have as many traditional branches.”  Job also said that this shift is not unique to the Iowa State Savings bank, but is a national trend.  

Bank-wide there has been remarkable growth in the number of Iowa State Savings Bank customers, however, drive through traffic at the East Branch is less than half what it was just a decade ago.  The East motor Bank opened in 1976 as a service to the bank’s customers, particularly those commuting to the new 3M plant, the new Hormel plant as well as Pella factories.  These customers needed a convenient location to make payroll deposits, a task that is now done with automated systems.  Job said, “In 1976 a drive-through bank was a fairly novel concept.  That was considered pretty high-tech back then.”

While Job praises new technologies for what they can offer, he quickly acknowledges they are not the end-all.  “Person-to-person banking is still critical to building and maintaining trusted relationships with our customers.   It is very important to our customers to know who they are dealing with and who is making decisions that affect them.”   The bank has three other “brick and mortar” locations in Knoxville and Melcher to serve its customers.

Text Only
Local News
  • streetscape July 29.jpg Paving may begin late next week

    The Third Street project is about three weeks behind, but paving may begin late next week. 

    July 29, 2014 1 Photo

  • Playground to be closed

    The wooden playground structure at Auld Park will be closed Thursday, while the City applies a new coat of sealant. Caution tape will be placed around the structure. When the sealant dries, the structure will be reopened. 

    July 29, 2014

  • Shrine Bowl 19.jpg Slideshow: Shrine Bowl Marion County was well-represented at the annual Shrine Bowl in Cedar Falls on Saturday. Football coaches Jay McKinstrey of Pella and Eric Keller of Knoxville led the south team, which won 23-7. The Pleasantville High School Dance Team also played a big role in the pregame festivities.

    July 28, 2014

  • library.jpg New library at Auld Park

    The City installed this new library at Auld Park Wednesday afternoon. The Optimist Club helped create this new way for the people of Knoxville to share literature.

    July 24, 2014 1 Photo

  • marked bricks.jpg Bricks being marked, intersection to close

    Streetscape Project Manager Richard Brees is going around the square once again, marking bricks that require replacement before the project is accepted.

    July 24, 2014 1 Photo

  • Republicans.jpg Republicans to hold events
    The Marion County Republicans are holding events in Knoxville and Pella Saturday, July 26. 

    July 24, 2014 1 Photo

  • Fawn.jpg Marion County photo contest winners

    Winners of the 2014 Marion County Photo Contest were announced at the Marion County Fair. 

    July 24, 2014 1 Photo

  • Seusical for web.jpg Seusical opens Friday

    Seussical the Musical will be performed live on stage at the Pella Community Center over the next two weeks. The show will feature some familiar Knoxville faces, including lead character "Cat in the Hat" performed by Knoxville High School student Colby Jones and "Horton the Elephant" played by 3M employee Todd Weber. Other Knoxville actors include Greg May as the General and Liz DeMoss as a Who.

    July 24, 2014 1 Photo

  • MINE logo.jpg Drug bust in Pershing

    The Mid-Iowa Narcotics Enforcement drug task force executed a search warrant in Pershing last night, leading to one arrest. 

    July 23, 2014 1 Photo

  • MINE logo.jpg Two arrested on drug charges

    The Mid-Iowa Narcotics Enforcement drug task force executed a search warrant in Knoxville last night. A man and a woman were arrested. 

    July 23, 2014 1 Photo