• Remembering 100 Years of Building Community. 1921 - 2021. I have a font memory my mother Bess telling me that a friend had been to the bank to do some business, but there was no one there except the person sweeping the floor. The sweeper was her dad, Guy, the bank Cashier, who not only ran the bank but did the janitor work as well! - Audra Heater Mockovak. History of Banks in Yale | Part 1. In 1881, Charles and Bruce Yale, the sons of Milo Yale the founder of the city, started a private bank, The Citizens' Bank of Yale. In 1889, this bank became the Yale Savings Bank and operated until it closed on June 6, 1926. It was located on the northeast corner of the intersection of Main Street and Bell Street where the Yale Post Office was located for many years. The Yale Fire Department building is currently in this location. Although the Yale Savings Bank was the first bank to serve Yale, it had no affiliation with Farmers State Bank. Farmers State Bank. Growing Trust. Building Community. Customers, local residents, and retired employees have shared memories of FSB. If you have a memory to share, we would love to hear it! Follow us on Twitter or Facebook to Join the Celebration.