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(715) 652-2105

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(715) 745-2201

This office is permanently closing on 12/3/21.

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(715) 384-0071

Lobby Hours

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(715) 1st state bank nebraska office is permanently closing on 12/3/21.

Lobby Hours

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(715) 435-3111

This office is permanently closing on 12/3/21.

Lobby Hours

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Email and Phone

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(715) 342-9071

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(715) 256-2500

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Banking Nebraska

Since 1906

Nebraska is already promising to defy a Biden proposal that would require banks to hand over data on transactions over $600 on individual bank accounts to the IRS. 

'My message is really simple. The people of Nebraska entrusted me to protect the privacy of these accounts and I am not going to comply with this. If the Biden administration sues me, we will take it all the way to the Supreme Court. We are going to fight every step of the way,' state treasurer John Murante told FOX Business.

The proposal, backed by $79 billion in additional funding, would allow the IRS to peer into the aggregate inflows and outflows of a bank account over $600. 

This crackdown on unreported income is expected to generate $463 billion over the next decade, according to the Office of Tax Analysis. That money would be used to partially fund Biden's $3.5 trillion budget reconciliation plan. 

Murante said he believes other states would also refuse to comply. 

'We have members across the country who are committed to limited government and free market approaches, and we are unanimously against this proposal. It is an invasion of privacy and lacks any due process,' he said.

Wyoming Republican Sen. Cynthia Lummis on Tuesday tore into Treasury Sec. Janet Yellen on Tuesday for her support of the Biden proposal. 

'Banks do not work for the IRS,' Lummis said. 'This is invasive of privacy. Wyoming's people literally will find alternatives to traditional banks just to thwart IRS access to their personal information, not because they're trying to hide anything, but because they are not willing to share everything.' 

Nebraska state treasurer John Murante said he believes other states will also refuse to comply 

The senator asked Yellen if she was 'aware how unnecessary this regulatory burden is?'

'Do you distrust the American people so much that you need to know when they bought a couch?' Lummis asked. 'Or a cow?'

'I am astounded by what you're supporting and proposing. I think it's invasive. I think privacy for individuals is being ignored. And I think that treating the American people like they are subjects of the government is unconscionable.' 

Yellen told Lummis that she believes the senator is misunderstanding the proposal, as it requires banks to hand over the IRS data on aggregate inflows and outflows of an account for transactions over $600, rather than details on each individual transaction. 

Yellen noted that the tax gap is expected to swell to $7 trillion over the next decade, roughly 15% of taxes owed. 

The IRS would know how much money is in an individual's bank account in a given year, whether the individual earned income on that account and exactly how much was going in an and out.  

'Banks do not work for the IRS,' Sen. Cynthia Lummis said. 'This is invasive of privacy'

Yellen noted that the tax gap is expected to swell to $7 trillion over the next decade

'The IRS has a wealth of information about individuals,' she added. Yellen said the proposal would target high earners who have 'opaque sources of income.'

'A $600 threshold is not usually where you're going to find the massive amount of tax data you think Americans are cheating you out of,' the Wyoming Republican shot back. 

'That's true but it's important to have comprehensive information,' Yellen said. 

The proposal would require banks to report gross inflows and outflows to the IRS, including transactions from Venmo, PayPal, crypto exchanges and the like in an effort to fight tax evasion.  

The IRS estimates that compliance on taxes due on wages is 99% while compliance on 'less visible' sources of income is only 45%.

The Treasury Department claimed that the plan would have little effect on 'already compliant' taxpayers, but would help the IRS better target its audits.

'For noncompliant taxpayers, this regime would encourage voluntary compliance as evaders realize that the risk of evasion being detected has risen noticeably,' the Treasury Department said. 

Biden, Treasury Secretary Janet Yellen, IRS chief Charles Rettig - a Trump-era holdover - and a number of Democrats in the Senate, most especially Elizabeth Warren are pushing for the proposal to help fund their $3.5 trillion budget plan.

Other parts of the plan include setting up a global minimum corporate tax rate of 15% and a system that prevents multinational companies from registering profits in the lowest-tax jurisdictions and raising taxes on the rich. 

Some moderate Democrats are leery of the IRS proposal, and those on the House Ways and Means Committee are reportedly working to bring that $600 threshold up to $10,000. Banks are already required to file a currency transaction report to the financial crimes division of the Treasury on transactions over $10,000 to prevent money laundering.

'We've made some significant movement on the number,' House Ways and Means Committee Chairman Richard Neal told Bloomberg Monday. 

Neal said congressional staff were looking at ways to 'ameliorate legitimate concerns' that the data collection could target lower income taxpayers. 

 Lawmakers' staff have been working on language to exempt some payments, such as mortgage payments and salary, from the reporting requirements.

Patrick Hedger, vice president of policy at the Taxpayers' Protection Alliance told DailyMail.com the $600 transaction proposal policy would disproportionately hurt the poor.

'You're going to push more folks into small cash transactions, you're going to push more banking offshore ... the big fish out there that do have sizable assets that are that are eligible for taxation offshore.' 

'This is the ultimate regressive tax,' Hedger said. 

'You're going to end up punishing the worst off among us ... the lower income folks in this country have historically been the targets of aggressive IRS audits because they don't have the CPAs and the lawyers to be able to fight back.' 

In a letter to the Senate Subcommittee on Finance, the American Bankers Association, the Bank Policy Institute, the Consumer Bankers Association and others argued that the 'new reporting requirements for financial institutions would impose cost and complexity that are not justified by the potential, and highly uncertain, benefits.'

The trade groups also called the reporting requirements 'subjective.' 

'We believe additional reporting requirements guided by subjective criteria have privacy and fairness implications and the potential to put financial institutions in an untenable position with their account holders.' 

They instead suggested greater funding for audits. 

But IRS chief Rettig, a Trump-era holdover, is in favor of the proposal, along with the increased IRS funding that would come with it. 

'Every measure that is important to effective tax administration has suffered tremendously,' Rettig wrote in a letter to Warren earlier this month. 

Former Treasury Secretaries Tim Geithner, Jacob Lew, Henry Paulson Jr., Robert Rubin and Lawrence Summers also defended the Biden proposal in a New York Times op-ed. Only Paulson served under a Republican. 

'Relying on financial institutions to relay some basic information about account holders is a sensible way forward,' they wrote. 'With better information for the I.R.S., voluntary compliance will rise through deterrence as potential tax evaders realize there is a risk to evasion.' 

Steven Rosenthal, senior fellow at the Urban-Brookings Tax Policy Institute also said the proposal would not be worth the trouble.   

Biden, Treasury Secretary Janet Yellen, IRS chief Charles Rettig - a Trump-era holdover - and a number of Democrats in the Senate , most especially Elizabeth Warren are pushing for the proposal to help fund their $3.5 trillion budget plan

'In practice, the IRS' task would be daunting and, in fact, bury the agency in a sea of unproductive information,' he said. 

'Most individuals earn all of their income from wages and investment returns, which already are reported to the IRS. And larger businesses often are audited by public accounting firms. While those businesses have many ways to reduce their taxes, omitting income rarely is one of them. Why drag these individuals and businesses into the new program?'

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About Us

First State Bank was officially chartered September 12, 1935. On October 8th, we opened at the corner of 16th Street and 1st Avenue in Scottsbluff. In July of 1981, we found our current home at the corner of 20th and Broadway. We purchased The Bank of Gering in October of 1986 creating a convenient second location.

The 21st century arrived and we once again outgrew our surroundings. We expanded our facility and added Classic One Insurance to the company in an effort to better serve our customers. In April 2004 we merged First State Bank, Colorado Springs, Colorado, a bank we have owned since 1995, into the Scottsbluff bank.

First State Bank is a full-service financial institution. Our services include checking, savings, and CD accounts with the convenience of online banking and mobile banking. In addition, we offer a variety of loan products and investment programs. With the additions of Classic One Insurance we are able to offer insurance services to our customers as well.
Through long-term customer relationships and referrals, and with the support of knowledgeable personnel, First State Bank has grown from assets of $100,000 in 1935 to more than $239,000,000 as of December 31, 2012. First State Bank has the distinction of being the oldest locally owned and operated bank in the Panhandle of Nebraska. We have the strength and stability to serve all your needs today, tomorrow, and in the future!

Why We Do What We Do

We are blessed to have GOD given gifts and abilities and HE has called us to serve others with those gifts and abilities. We are stewards striving to educate and guide people in their financial journey to help them live their lives with purpose and meaning.

Tim Moomey, CFP®

[email protected]

Tim helped form and start the FSB Investment Center (formerly FNB) in 1992. He has more than 40 years of experience in the financial services and insurance industries. Tim holds multiple industry registrations (6, 7, and 63, with LPL Financial) along with life, health, long term care, variable life and variable annuity licenses. He holds the CERTIFIED FINANCIAL PLANNER™ professional designation. A passion of Tim's is assisting people with Social Security planning to help them maximize their benefits.

Tim has been very active in the Phelps County community.  He is past president of the Phelps County Community Foundation, Past chairman of the Holdrege Chamber of Commerce Special Events Committee, Past-President of the Holdrege Rotary Club, Currently Chairman of the Board of Trinity Church, past board member of South Central NE Youth for Christ/Campus Life, Speaker and emcee for various Service Clubs and organizational meetings and banquets, P.A. Announcer for Holdrege High School volleyball, basketball & softball games, and spent 13 years singing with the gospel quartet, ADVOCATES. 

Ben Loberg, BFA™

[email protected]

Ben joined FSB Investment Center in January of 2016 coming from commercial banking/lending. He has more than 9 years of experience in the financial services industry, assisting individuals as well as small and large businesses. Ben holds Series 7 and 66 industry registrations with LPL Financial, along with life, health, long term care, variable life and variable annuity licenses.  

Ben grew up in Randolph, NE attending Randolph Public High School. He graduated from Morningside College in Sioux City, IA with a degree in Business Finance and Economics. Loberg is an active member of the community serving on the Holdrege Chamber Board, Member of the Holdrege Rotary Club, Chair of the PCDC Loans and Incentives Committee. Ben also teaches personal finance classes at the Central Community College and is an instructor for the EDGE (Enhancing, Developing, and Growing Entrepreneurs) class through PK Partnership. He and his wife, Rebecca, live in Holdrege and have three children, two sons, Barrett (8), Marshall (4) and a daughter, Palmer (7).

Roxane Wolzen, Office Assistant

[email protected]

Roxane (Rox) joined First State Bank (formerly First National Bank) in 1993. She has diversified experience in many areas of the bank, but predominantly in customer service roles. Since 2002 she has been the sole Office Assistant for FSB Investment Center. 

She has more than 45 years of experience in the financial services and insurance industries. Prior to her roles at FSB she spent years in Germany running an insurance agency. She also held banking positions in England, Texas and Colorado.

Rox loves all animals, especially pets! She currently sits on the Holdrege Animal Shelter Board of Directors. Rox also has a passion for flying and earned her Private Pilot’s license in 2015.

First State Bank Nebraska Branches

16 branches found. Showing 1 - 15

Bank Routing Number

A routing number is a 9 digit code for identifying a financial institution for the purpose of routing of checks (cheques), fund transfers, direct deposits, e-payments, online payments, and other payments to the correct bank branch.

Routing numbers are also known as banking routing numbers, routing transit numbers, RTNs, ABA numbers, and sometimes SWIFT codes (although these are quite different from routing numbers as SWIFT codes are solely used for international wire transfers while routing numbers are used for domestic transfers).

Routing numbers differ for checking and savings accounts, prepaid cards, IRAs, lines of credit, and wire transfers. All banks usually have separate routing numbers for each of the states in the US.

You can look for the routing number on the check (cheque book) issued by your bank or can search this website for free.

Office Locations

Auburndale

24-Hour ATM Access Available

Address

5758 Main Street
PO Box 220
Auburndale, WI 54412
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Contact Information

Email and Phone

Contact Us
(715) 652-2105

Lobby Hours

Mon–Thu	9:00 am - 4:30 pm
Fri	9:00 am - 5:00 pm
Sat	Closed

Drive-up Hours

Mon–Thu	8:30 am - 4:30 pm
Fri	8:30 am - 5:30 pm
Sat	8:30 am - 12:00 pm

Cecil

Address

111 E Freeborn Street
PO Box 227
Cecil, WI 54111
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Contact Information

Email and Phone

Contact Us
(715) 745-2201

This office is permanently closing on 12/3/21.

Lobby Hours

Mon–Thu	9:00 am - 4:30 pm
Fri	9:00 am - 5:00 pm
Sat	Closed

Drive-up Hours

Mon–Thu	9:00 am - 4:30 pm
Fri	9:00 am - 5:00 pm
Sat	Closed

Clintonville

24-Hour ATM Access Available

Address

60 S Main Street
PO Box 150
Clintonville, WI 54929
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Contact Information

Email and Phone

Contact Us
(715) 823-6700

Lobby Hours

Mon–Fri	8:00 am - 5:00 pm
Sat	Closed

Drive-up Hours

Mon–Fri	8:00 am - 5:00 pm
Sat	9:00 am - 12:00 pm

Greenwood

Address

106 S Main Street
PO Box 38
Greenwood, WI 54437
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Contact Information

Email and Phone

Contact Us
(715) 267-6250

Lobby Hours

Mon–Thu	9:00 am - 4:30 pm
Fri	9:00 am - 5:00 pm
Sat	Closed

Drive-up Hours

Mon–Thu	8:30 am - 4:30 pm
Fri	8:30 am - 5:00 pm
Sat	8:30 am - 12:00 pm

Manawa

Address

227 S Bridge Street
PO Box 200
Manawa, WI 54949
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Contact Information

Email and Phone

Contact Us
(920) 596-3300

Lobby Hours

Mon–Fri	8:00 am - 5:00 pm
Sat	Closed

Drive-up Hours

Mon–Fri	8:00 am - 5:00 pm
Sat	9:00 am - 12:00 pm

Marshfield

24-Hour ATM Access Available

Address

1700 N Central Avenue
Suite #101
Marshfield, WI 54449
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Contact Information

Email and Phone

Contact Us
(715) 384-0071

Lobby Hours

Mon–Thu	8:30 am - 4:30 pm
Fri	8:30 am - 5:00 pm
Sat	Closed

Drive-up Hours

Mon–Thu	8:30 am - 4:30 pm
Fri	8:30 am - 5:30 pm
Sat	8:30 am - 12:00 pm

New London

24-Hour ATM Access Available

Address

113 W North Water Street
PO Box 268
New London, WI 54961
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Email and Phone

Contact Us
(920) 982-3300

Lobby Hours

Mon–Fri	8:00 am - 5:00 pm
Sat	Closed

Drive-up Hours

Mon–Fri	8:00 am - 5:30 pm
Sat	9:00 am - 12:00 pm

Rozellville

24-Hour ATM Access Available

Address

206420 County Road M
Stratford, WI 54484
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Contact Information

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Contact Us
(715) 384-3142

This office is permanently closing on 12/3/21.

Lobby Hours

Mon	9:00 am - 3:00 pm
Tue–Wed	Closed
Thu	9:00 am - 3:00 pm
Fri	9:00 am - 5:00 pm
Sat	Closed

Drive-up Hours

Mon–Thu	8:30 am - 4:30 pm
Fri	8:30 am - 5:00 pm
Sat	8:30 am - 12:00 pm

Rudolph

Address

1680 Main Street
PO Box 217
Rudolph, WI 54475
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Contact Information

Email and Phone

Contact Us
(715) 435-3111

This office is permanently closing on 12/3/21.

Lobby Hours

Mon–Thu	9:00 am - 4:30 pm
Fri	9:00 am - 5:00 pm
Sat	Closed

Drive-up Hours

Mon–Thu	8:30 am - 4:30 pm
Fri	8:30 am - 5:00 pm
Sat	Closed

Stevens Point

24-Hour ATM Access Available

Address

31 Park Ridge Drive
Stevens Point, WI 54481
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Contact Information

Email and Phone

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(715) 342-9071

Lobby Hours

Mon–Thu	9:00 am - 4:30 pm
Fri	9:00 am - 5:00 pm
Sat	Closed

Drive-up Hours

Mon–Thu	8:30 am - 4:30 pm
Fri	8:30 am - 5:00 pm
Sat	8:30 am - 12:00 pm

Waupaca

Address

101 County Road QQ
PO Box 549
Waupaca, WI 54981
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Contact Information

Email and Phone

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(715) 256-2500

Lobby Hours

Mon–Fri	8:00 am - 5:00 pm
Sat	Closed

Drive-up Hours

Mon–Fri	8:00 am - 5:00 pm
Sat	9:00 am - 12:00 pm

Wisconsin Rapids

24-Hour ATM Access Available

Address

1710 W Grand Avenue
Wisconsin Rapids, WI 54495
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Email and Phone

Contact Us
(715) 422-5900

Lobby Hours

Mon–Thu	9:00 am - 4:30 pm
Fri	9:00 am - 5:00 pm
Sat	Closed

Drive-up Hours

Mon–Thu	8:30 am - 4:30 pm
Fri	8:30 am - 5:00 pm
Sat	8:30 am - 12:00 pm

Withee

24-Hour ATM Access Available

Address

N14570 County Road O
Withee, WI 54498
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Contact Information

Email and Phone

Contact Us
(715) 229-2796

Lobby Hours

Mon–Thu	9:00 am - 3:00 pm
Fri	9:00 am - 5:00 pm
Sat	Closed

Drive-up Hours

Mon–Thu	8:30 am - 4:30 pm
Fri	8:30 am - 5:00 pm
Sat	Closed