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This profile was last updated on 12/21/2016 and contains contributions from the  Zoominfo Community.

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Wrong David Steffensmeier?

David D. Steffensmeier

Chairman and President

First Community Bank

HQ Phone:  (402) 528-3223

Email: d***@***.com

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

First Community Bank

201 Main Street

Beemer, Nebraska,68716

United States

Company Description

First Community Bank has been an agriculturally-oriented bank for the past 100 years. Our goal is to provide a dependable source of agricultural credit through periods of prosperity and adversity. First Community Bank loan officers will take the time to learn ... more

Find other employees at this company (4,413)

Web References(21 Total References)


independentbanker.org

David Steffensmeier, chairman and president of First Community Bank in Beemer, Neb., finds it frustrating that his $135 million-asset community bank needs one loan officer and two compliance staffers to process mortgage applications for its customers.
"You're trying to serve the community and make loans that customers want," he says, "but you're stymied by the regulators." First Community Bank operates with three offices, each in a town with fewer than 800 residents. An active month of originations may produce two home loans for the bank's loan portfolio, while a third of those loans might be referred to another bank that sells into the secondary market. Steffensmeier agrees that more community banks serving rural, low-volume lending markets are leaving the mortgage lending business, with the Consumer Financial Protection Bureau rules possibly tipping the scales for those decisions. Nevertheless, after more than four decades in banking, he believes "it's my duty to serve the communities," so First Community Bank still plans to continue to provide mortgages as best it can to home buyers in its marketplace.


www.omaha.com

In Cuming, David Steffensmeier, president of First Community Bank in Beemer, said the best economic development solution for similar rural counties is expanding existing businesses.
Steffensmeier said converting feedstuffs into meat in Nebraska adds more value to the local economy than shipping it elsewhere. Cuming County's cattle-feeding tradition goes back a generation or two. "Over time it's become accepted - maybe not always enjoyed - that we have more jobs and more money in the communities," Steffensmeier said.


www.firstbeemer.com [cached]

David D. Steffensmeier
Chairman & President, Loan Officer


www.usagnet.com

However, David Steffensmeier, president of the First National Bank in Beemer, Nebraska, said, "Low farm income and plummeting farmland values rank equally (as a threat)."


www.agweb.com

According to David Steffensmeier, president of the First National Bank in Beemer, Nebraska, "Since corn and soybean prices are down a minimum of 25%, overall cash rent needs to adjust down as well.


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