CBI Banks
CBI Bank UAE
History
The story of CBI Bank & Trust actually consists of the history of four banks — Central State Bank, Freedom Security Bank, West Chester Savings Bank, and Buffalo Prairie State Bank that came together to form the organization.
During the intervening years, this dual-bank organization continued to grow. There were a couple of name changes along the way: in 1886, Merchants National became the First National Bank of Muscatine (no relationship to the present-day entity of the same name), and in 1907, Muscatine Savings Bank changed its name to the First Trust and Savings Bank of Muscatine. The year 1933 brought a combining of banking interests into a single operating unit, a new state charter, and a change in name to Central State Bank.
In the early years, it was not unusual for banks to operate under two charters, one national and one state, with both institutions located in the same building and owned by the same stockholders. Nationally chartered banks traditionally catered to the needs of businesses and they could issue their own bank notes, which served as currency in the absence of today's Federal Reserve Notes. By contrast, state-chartered institutions emphasized serving individuals and families by accepting savings deposits and making loans for personal and home financing. In 1880, state-chartered Muscatine Savings Bank was organized for the purpose of serving the community in tandem with Merchants Exchange National Bank.
West Chester Savings Bank was incorporated March 6, 1900 and the organization’s first building was constructed shortly thereafter in the village of West Chester, Iowa. It opened its doors for its first day of business on July 16, 1900. The bank enjoyed steady growth over the years. A very notable characteristic is that it never closed its doors in the 1930s during the Great Depression.
During the intervening years, this dual-bank organization continued to grow. There were a couple of name changes along the way: in 1886, Merchants National became the First National Bank of Muscatine (no relationship to the present-day entity of the same name), and in 1907, Muscatine Savings Bank changed its name to the First Trust and Savings Bank of Muscatine. The year 1933 brought a combining of banking interests into a single operating unit, a new state charter, and a change in name to Central State Bank.Central State Banking
Central State Bank's history can be traced to the mid-nineteenth century, a time when "private banks"those not open to the general public — were the norm. The private banking house of Isett and Brewster of Muscatine was one of the earliest of this type in Iowa and operated successfully for a number of years. On May 1, 1865, it was converted to a state-chartered institution, Merchants Exchange Bank, which was opened to the general public. Later that year, conversion to a national charter brought a change in name to Merchants National Exchange Bank.
In the early years, it was not unusual for banks to operate under two charters, one national and one state, with both institutions located in the same building and owned by the same stockholders. Nationally chartered banks traditionally catered to the needs of businesses and they could issue their own bank notes, which served as currency in the absence of today's Federal Reserve Notes. By contrast, state-chartered institutions emphasized serving individuals and families by accepting savings deposits and making loans for personal and home financing. In 1880, state-chartered Muscatine Savings Bank was organized for the purpose of serving the community in tandem with Merchants Exchange National Bank.Freedom Security Bank
Freedom Security Bank was founded in 1899 as Farmers Savings Bank in Kalona, Iowa. It had a legacy of strong family leadership and commitment to the community through the Skola family, dating back to Fred Skola, Sr.’s employment with the bank in 1903. Three generations of the family served as President prior to the sale of the institution to Central Bancshares, Inc., in 1994.
In 2002, the bank expanded beyond the Kalona market, building a new facility at 1st Avenue and Holiday Road in Coralville, Iowa. It concurrently changed its name to Freedom Security Bank to reflect its broadened scope of operations.
In mid-2014, the bank was merged into Central State Bank, Muscatine, Iowa. It continued to operate under its former name, as an office of Central State Bank, until September 1, when all Central State Bank offices were combined under the same name and branding of CBI Bank & Trust.
West Chester Savings Bank
West Chester Savings Bank was incorporated March 6, 1900 and the organization’s first building was constructed shortly thereafter in the village of West Chester, Iowa. It opened its doors for its first day of business on July 16, 1900. The bank enjoyed steady growth over the years. A very notable characteristic is that it never closed its doors in the 1930s during the Great Depression.
In 1948, controlling interest in the bank was sold to A.R. Wolf, his son Calvin C. Wolf, and son-in-law John Butler. In 1985, Farmers Savings Bank of Kalona purchased a controlling interest from the major stockholders and continued to operate the institution as a separate, independent entity.
In 1994, the bank was sold to Central Bancshares, Inc. of Muscatine, Iowa and in 1995, the bank charter was moved to Washington, Iowa, where a temporary bank office was leased while construction began on a 2,500 square foot permanent banking facility, which opened for business in March, 1997. In April, 2002, the West Chester facility was consolidated into Washington Banking Center and in 2005, work was completed a 4,000 square foot addition constructed to accommodate continued growth of the organization.
What can I do with online banking?
You can manage your bank accounts, move money, and take care of all your day to day banking, including View current balances of your accounts View Overdraft and and statements Know if a cheque you have issued has been paid Pay your monthly utility bills - Etisalat Transfer money to other CBI and non-CBI bank accounts Set up standing orders Transfer money between your own Current and Savings accounts Update your personal information View Account information.
How to register
To use this service, you must have a current, savings or credit card account with CBI. Visit the Internet Banking Homepage and click ‘Register for Internet Banking”Key in the data requested You can create your own Username and set a password as per the password policy.
You will need your Emirates ID or passport details to hand, along with a valid email address or mobile phone number already registered with the bank.
If any of the details listed above are not up to date on our systems, please ensure you update us in-branch, or by calling us on 800224. You will be unable to register for online banking until your details are up to date. You can also register for online banking in-branch at the time of account opening if you wish.
When can I start banking online?
If you register using Online Banking portals, you will have immediate access to Internet/Mobile Banking.
If your username is created by Branch/Direct Sales Unit, you will have to inform the preferred Username for which a Temporary Password will be emailed to you.
How to use CBI Internet banking
You will need the following to start banking online:
- Your CBI Internet Banking registration confirmation email - If registered through Branch or Direct Sales Unit
- Your username registered with the bank
- Your mobile phone number updated with the us
- A computer/laptop with Internet connectivity
- Microsoft Internet Explorer 5.5, or higher version of web browser.
STEP 1
Visit the CBI website and click Login and select Personal.
STEP 2
Enter your CBI Internet Banking Username and Captcha code in the designated fields. Captcha is the four-digit number appearing on the “CAPTCHA” code screen. First-time users will be prompted to select a "Phishing Picture and Personal Phrase".
STEP 3
Create a password as per the password policy (passwords must be a minimum of eight characters in length and should include one upper case letter, one lower case letter and numbers. No special characters permitted. Password setting will be authenticated by a One Time Password (OTP)).
STEP 4
Accept the terms and conditions for CBI Internet Banking, after which you will be directed to your CBI Account Homepage. The next and subsequent times you log in, you will only need your username and password. If you need help, or more information, please call us on our 24-hour helpline, on 800 224.
What shall I do if I’ve forgotten my username or password?
If you have forgotten your username, click "Forgot Username" link through Online Banking.If you have forgotten your password, click "Forgot Password" link through Online Banking.
How can I reset my password?
You can reset your password by using the "Forgot Password" link on the Online Banking login page. You will need to have your Debit/Credit card number along with your PIN number to perform the online password reset.
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How to register
To use this service, you must have a current, savings or credit card account with CBI. Visit the Internet Banking Homepage and click ‘Register for Internet Banking”Key in the data requested You can create your own Username and set a password as per the password policy.
You will need your Emirates ID or passport details to hand, along with a valid email address or mobile phone number already registered with the bank.
If any of the details listed above are not up to date on our systems, please ensure you update us in-branch, or by calling us on 800224. You will be unable to register for online banking until your details are up to date. You can also register for online banking in-branch at the time of account opening if you wish.
When can I start banking online?
If you register using Online Banking portals, you will have immediate access to Internet/Mobile Banking.
If your username is created by Branch/Direct Sales Unit, you will have to inform the preferred Username for which a Temporary Password will be emailed to you.
How to use CBI Internet banking
You will need the following to start banking online:
- Your CBI Internet Banking registration confirmation email - If registered through Branch or Direct Sales Unit
- Your username registered with the bank
- Your mobile phone number updated with the us
- A computer/laptop with Internet connectivity
- Microsoft Internet Explorer 5.5, or higher version of web browser.
STEP 1
Visit the CBI website and click Login and select Personal.
STEP 2
Enter your CBI Internet Banking Username and Captcha code in the designated fields. Captcha is the four-digit number appearing on the “CAPTCHA” code screen. First-time users will be prompted to select a "Phishing Picture and Personal Phrase".
STEP 3
Create a password as per the password policy (passwords must be a minimum of eight characters in length and should include one upper case letter, one lower case letter and numbers. No special characters permitted. Password setting will be authenticated by a One Time Password (OTP)).
STEP 4
Accept the terms and conditions for CBI Internet Banking, after which you will be directed to your CBI Account Homepage. The next and subsequent times you log in, you will only need your username and password. If you need help, or more information, please call us on our 24-hour helpline, on 800 224.
What shall I do if I’ve forgotten my username or password?
If you have forgotten your username, click "Forgot Username" link through Online Banking.If you have forgotten your password, click "Forgot Password" link through Online Banking.
How can I reset my password?
You can reset your password by using the "Forgot Password" link on the Online Banking login page. You will need to have your Debit/Credit card number along with your PIN number to perform the online password reset.
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