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Grinnell State Bank was organized in 1925 by Grinnell businessmen to be an independent community bank. It is still fulfilling that role today. The Jones Family have owned and operated the bank since 1954 and now have fourth generation family members on the staff. The bank’s growth has been in Loans, Deposits and Locations with services in Grinnell, Johnston, Marengo and Polk City.
Addison began his life as a Grinnellian in 1940 when the Fred A. Jones family moved to Grinnell from Tama. Addison always kept busy doing farm chores until the family moved into town during his college years. After his graduation from Grinnell College, Addison married Marion Austin, taught school and coached, worked at a downtown Chicago bank, and served in the U.S. Coast Guard. In 1954 his father, Fred A. Jones, who had been a banker most of his life, had an opportunity to buy Grinnell State Bank, which he did, and Addison returned to Grinnell to join his father and start his career with the bank.
Today, Grinnell State Bank, the United States and the world have changed in many ways. Addison has watched the bank grow from $3 million to $275 million in total footings. The United States and the world will let you express your opinion much more now than they once did. Addison has been a part of many civic and church boards, along with local offices. He has also held state and national organizational duties. Throughout his 60 years at Grinnell State Bank our Bank’s name has remained the same and is still a locally owned community bank with a very strong capital position and management. We have kept pace with regulation demands so we are able to provide our customers with services that are available today. Sound banking experience and advice are what customers need today, which has been the hallmark at Grinnell State Bank for years.
Austin is an Iowa boy. Born, raised, educated, works and lives in the great state of Iowa for his entire life. He graduated from the University of Northern Iowa with a BA in Mathematics and graduated from the University of Wisconsin Graduate School of Banking. Austin is the President of Grinnell State Bank and serves on the Board of Directors. Austin is also the President of Grinnell Investor Center, which is the Bank Full Service Brokerage and Insurance Division. It offers a full line of Investments, Property, Commercial and Life Insurance Products.
Some fun facts about Austin: he has been married to his wonderful wife since 1986. He is a father of three beautiful daughters, two of which work for Grinnell State Bank full time and is also "Papa" to his wonderful grandson. He is proud to have participated in every RAGBRAI since 1994, which is an annual bicycle ride across Iowa. He has been doing Triathlons since 1990 and has completed six Ironman Length Triathlons and is a past All-American Triathlete. Austin swam in High School and has officiated swimming since 1982. Additionally, Austin has been very active in University and Community Theater Productions. He has played King Arthur in Camelot in two different productions, along with numerous dramatic roles.
For doing good in his community, he is a current Board Member and Past President of the Greater Poweshiek Community Foundation. He is the President of the Mayflower Homes Board of Trustees, a senior retirement housing community in Grinnell. Currently, he also serves on the Monmouth College Board of Trustees as the Vice Chair of the Finance and Business Affairs Committee. Austin has also been active with Grinnell Area Arts Council, Grinnell Regional Medical Center Foundation; Grinnell Kiwanis Club; Grinnell Bicycle Club; Mayflower Homes Foundation; Galaxy Youth Center; American Cancer Society; Grinnell United Church of Christ Congregational as Past Treasurer for over 30 years; Les Hale Foundation a division of the University of Northern Iowa Foundation; and the City of Grinnell Mayors Council.
David was born and raised in Grinnell; it’s where he has lived most of his life. He is a graduate of the University of Northern Iowa where he received his Bachelor of Science in Economics. He received his post graduate degree from the School of Banking at the University of Wisconsin – Madison. There were difficult economic times when David began to learn lending in the early 1980’s. The Savings & Loan crisis affected all Iowans, especially those involved in Agriculture. The experience David gained through those troublesome days resulted in some very valuable lessons – wisdom that still influences Grinnell State Bank today. To help people, first and foremost, has been the driving mission throughout his career.
David has seen the banking world change dramatically in his life – he was tasked with implementing the first in-house computer software program in the 80’s. He brought in the Bank’s first ATM, as well as debit cards. The Grinnell location has gone through 3 remodels and an expansion. He has successfully led the bank to the point where it has recently expanded to new locations in the Des Moines Metro area – bringing our reputational service to a growing market.
David has 3 sons. Two are employed by Grinnell State Bank and one is an Iowa Attorney. He has served several years on the Director’s Board of the Community Bankers of Iowa, and continues to be an avid student of banks, and the banking industry. Through the years he has enjoyed war gaming, and is a hobbyist, building all types of models from remote aircraft, military vehicles and many different scales of trains, some of which run in his backyard garden. He enjoys spending time with family including his 8 grandchildren, fishing on his pontoon boat and traveling, of which, includes an occasional motorcycle tour.
Rusty began his career with Grinnell State Bank in 1999 working as a teller while attending Luther College in Decorah, Iowa. After graduating with honors and a brief time selling financial services in Chicago, he came back to Grinnell to work for the bank in earnest in 2004. Much like Addison, Austin and David Jones, Rusty completed the Graduate School of Banking in Madison, Wisconsin and is presently involved in many areas of the bank. Rusty currently lives in Grinnell with his wife and three children and is very committed to the growth and progress of our local communities.
Alison was born and raised in rural Iowa. She has held several Management positions within the Retail industry over the years.
Alison transitioned into the Field of Banking in 2008 for Grinnell State Bank. She provides leadership across the company with our full Executive Team. She attended and completed her Grad school program in Aug. of 2016 at the Graduate School of Banking, University of Wisconsin-Madison.
Banking has become her passion and she expects strong levels of educated, well-rounded employees to provide the highest level of customer service throughout the organization. She constantly strives to improve the culture at GSB and is a strategic partner taking the bank to the future.
Alison’s family is a top priority for her as well, having three children. She places an importance on volunteering and giving back. She is currently a member of the Iowa Bankers Association Advisory Board for Human Resources and a member of the Graduate School of Banking/Madison Advisory Board.