Farmers State Bank (FSB) – owned and operated out of Marion, Iowa – has announced a leadership transition effective Jan. 1, 2025. Steven K. Neighbor, currently executive vice president, will become president and chief executive officer, succeeding Gene R. Neighbor.
Gene Neighbor, who has served as president and CEO for the past decade, will continue with the bank as head of the Wealth Management division. Under his leadership, FSB expanded its assets from $676 million to over $1 billion and was named a Top Workplace for eight consecutive years.
“Gene’s dedication and vision have been instrumental in shaping FSB into the thriving community financial institution it is today. We are deeply grateful for his contributions and look forward to his continued impact at FSB,” the release quotes the FSB Board of Directors.
Steven Neighbor’s promotion marks the continuation of a family legacy, as he becomes the third generation of the Neighbor family to lead the bank. He has been with FSB for more than 35 years and brings extensive experience to his new role.
“Steve’s leadership reflects our values and commitment to the communities we serve. His expertise ensures FSB’s continued success as a locally owned and family-led institution,” Gene Neighbor said in the release.
Since 1968, the Neighbor family has owned and operated FSB, focusing on customer service and community engagement.
