[Congressional Record Volume 155, Number 115 (Tuesday, July 28, 2009)]
[Senate]
[Page S8191]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




       ANNIVERSARY OF FARMERS STATE BANK IN HOSMER, SOUTH DAKOTA

 Mr. JOHNSON. Mr. President, with great honor, I wish to 
recognize the 90th anniversary of Farmers State Bank in Hosmer, SD.
  After being chartered in 1919, Farmers State Bank opened its doors to 
the public on August 2, 1920. In the following years, Farmers State 
Bank was able to withstand the Great Depression and operate on a sound 
basis. In 1931, it consolidated with Hillsview State Bank and stayed 
under the Farmers State Bank name. John, Arthur, and Helen Haerter were 
among the bank's first stockholders and served as the first president, 
vice president, and cashier, respectively. Throughout its history, the 
bank has remained within the Haerter family. Today, the current members 
of the board of directors are Bruce Haerter, Joyce Haerter, John A. 
Haerter, Doris Haerter, and John Schwan.
  After 90 years of growth, Farmers State Bank still embodies the 
entrepreneurial health of South Dakota and the spirit of community in 
our local lending institutions. I strongly commend all the Farmers 
State Bank's employees on their years of hard work and dedication, and 
I am very pleased that the institution and its people are being 
publicly honored and celebrated on this memorable occasion.

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