Find us on Facebook.   LinkedIn   YouTube
side top corners

Locations & ATMS

Call anytime to speak with us!


Find a No-Fee ATM Near You!


Or download the ATM Locator App:
App for iPhoneApp for Android

side bottom corners

Earth City-Based Hummert International Receives $1.8 Million Loan From First State Bank of St. Charles and State Treasurer’s Office

Treasurer Zweifel touring Hummert International Treasurer Zweifel announces a $1.8 million loan for Hummert International
Treasurer Zweifel touring Hummert International with Sonny Hummert (R), company president, and Jim Duever (L), company vice president. While at Hummert International in Earth City, Treasurer Zweifel announces a $1.8 million loan for the company. Company president Sonny Hummert (R) said the loan would significantly improve cash flow for his company.

First State Bank was proud to welcome State Treasurer Clint Zweifel to St. Charles on July 14, 2011, to announce a small business loan made through the Missouri Linked Deposit Program.  As a financial institution participating in the Linked Deposit program, First State Bank of St. Charles was able to offer a low-interest business loan to Hummert International.  Hummert International is an international manufacturer, distributor and designer of horticulture supplies, equipment and services.

The $1.8 million low-interest business loan directly affects the company’s Earth City-based international headquarters and its 75 full-time Missouri-based employees.

The Treasurer’s office estimates that qualifying borrowers generally save 30 percent on their interest costs with a Linked Deposit business loan.

“For decades, our family has been devoted to providing high-quality merchandise with expertise and variety to our customers,” said Sonny Hummert, president of Hummert International. “Our location in the St. Louis region is a strength for us as we export around the globe – that is why we are proud to keep our headquarters here. The Midwest has proven to be a great benefit to our success. The Missouri Linked Deposit Program has assisted in ensuring future growth in our business, helping us remain competitive in the horticulture market.”

“This is a significant loan for Missouri – because it is not just about bringing businesses to Missouri – it is about keeping them here too and rewarding their commitment,” Treasurer Zweifel said. “This is a 77-year-old Missouri-based innovator – now exporting to all 50 states and more than 70 countries. This loan frees up a significant amount of cash for Hummert, to the tune of almost $200,000 over five years so it can continue to export expertise and goods, not its jobs. That has a real and significant impact on the company’s employees – 58 based in Earth City – and its customers, its suppliers, the region and Missouri.”

Hummert International has 58 employees in Earth City, 8 employees in Springfield, Mo., five in St. Joseph, Mo., and 11 in Topeka, Kan.

August H. Hummert started his company with the original 16-page product pamphlet, and today it has a supply catalog with more than 688 pages printed and a web-based version that have set the industry standard. The loan will be used to refinance the company’s 83,000 square foot international headquarters, greenhouse, show room and warehouse; freeing up an estimated $200,000 in debt service over the next five years.

“Working with an institution like Hummert International is what drives our commercial lending,” said Dave Harris, senior vice president of First State Bank of St. Charles. “We are helping it get the capital it needs, and we are proud to continue working with Treasurer Zweifel to continue investing in more small businesses in our region – keeping those businesses here and keeping employees working.”

The St. Louis region has received $99 million from 165 loans impacting nearly 2,000 jobs and farmers. Qualifying borrowers generally save 30 percent on the cost of the loan. More than $692 million in loans have been approved statewide impacting more than 11,250 jobs and farmers since January 2009.

About the Missouri Linked Deposit Program
The Missouri Linked Deposit Program is managed by State Treasurer Clint Zweifel. Missouri-based small businesses with up to 99 employees and farmers are eligible to receive a loan through the Missouri Linked Deposit Program based on lender underwriting standards. Additionally, local governments, housing developments and alternative-energy focused projects may qualify for the low-interest loans.

Read more about the Linked Deposit program.

Renee Vogelgesang Joins First State Bank

First State Bank of St. Charles is proud to announce the addition of Renee Vogelgesang to their team as a Business Development Officer.

Vogelgesang brings over 12 years of experience in the banking industry.  Vogelgesang came from Regions Bank, where she worked as a Business Banker.

At First State Bank, her major duties as Business Development Officer are to handle the needs of current business customers and to find new growth opportunities in the community.

Vogelgesang is a member of the Harvester Kiwanis Club and the Medical Group Managers Association (MGMA) of St. Louis.  She has her Bachelors of Science from Lindenwood University, and is a current resident of Old Monroe.

First State Bank Announces $15,000 in Funding to Homebuyers

A grant totaling $15,000 was recently awarded to First State Bank by Federal Home Loan Bank of Des Moines. The grant is part of FHLB Des Moines Rural Homeownership Fund (RHF) which supports homeownership opportunities for families and individuals in rural communities.

Hardworking home buyers who can make a house payment with no difficulty sometimes cannot purchase a home because they do not have the funds required for upfront costs. This program provides an opportunity for qualified individuals and families to purchase homes by receiving funds to assist with the down payment, closing cost, counseling or rehabilitation of the property.

By participating in RHF, First State Bank will be able to distribute awards of up to $1,000 to each eligible homebuyer.  “This grant allows us to help eligible buyers with a down payment, closing costs, counseling or small rehabilitation projects that can greatly assist homebuyers in their closing process,” said Brad Eimer, vice president of wholesale lending at First State Bank Mortgage.  “As a community bank, it’s important to us to be able to offer assistance to local homebuyers.”

Since the creation of RHF in 1996, 6,110 grants totaling $20.6 million dollars have been awarded to support rural housing activity in five Midwest states. “These grants provide our member financial institutions the opportunity to help community members achieve their dream of homeownership. Homeownership not only brings stability to individuals and families but also to the neighborhoods and communities where they live,” said Gary Dodge, community investment director at FHLB Des Moines.

If you are interested in purchasing a home using the Rural Homeownership Fund grant, contact one of First State Bank’s experienced mortgage lenders for details at (636) 940-LOAN or apply online by clicking here.

bottom corners

Click to hear what our customers are saying about us


Member FDIC
Equal Opportunity Lender

To report a lost or stolen Debit or ATM card during normal banking hours, please call 636-940-5555. If it is after hours, call 800-554-8969 and then call the bank on the following business day to order a replacement card.

NOTICE: First State Bank is not responsible for and has no control over the subject matter, content, information, or graphics of the websites that have links here. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. You should be advised that the First State Bank privacy policies do not apply to the linked websites and that a viewer should consult the privacy disclosure on the site for further information.