Farm Bureau Bank FSB is a wholly owned subsidiary of FB BanCorp and organized under federal law as a Federal Savings Bank.

In March 1998 FB BanCorp was organized as a general business corporation under Nevada law. FB BanCorp received its equity capital from 40 Farm Bureau State Federations and Insurance Company investors to support the formation of Farm Bureau Bank FSB.

On July 12, 1999, Farm Bureau Bank FSB received its FDIC insurance and opened its doors, paving the way for a new and exciting way for Farm Bureau members to bank.

As of December 31, 2012, Farm Bureau Bank was operating with over $605 million in assets.