Keith Garms Honored by Iowa Bankers Association for 50 Years of Service

Garms one of 19 bankers to receive IBA 50-Year Banker designation

(October 9, 2024) - Keith Garms of FreedomBank, Elkader, Iowa, was recently honored by the Iowa Bankers Association for more than 50 years of service at a bank. The award was presented to Garms during the IBA Annual Convention on Monday, Sept. 16, in Des Moines. Garms was one of 19 individuals recognized for reaching the 50-year service milestone.


Pictured are 19 recipients honored by the Iowa Bankers Association for more than 50 years of service at a bank.

“Each year, it's amazing to hear these bankers' stories of dedication to their communities and the many relationships they formed throughout their 50-plus years of service. We're honored to be able to celebrate the exemplary commitment and experience of Keith,” said IBA President and CEO John Sorensen. “This event allows us the opportunity to recognize these legendary bankers among their family and friends, and in an environment that highlights their accomplishments and dedication for our next generation of bankers.”

Keith Garms' key achievement was relocating the Farmersburg charter to Elkader and merging several banks to form FreedomBank, growing assets to $450 million. Despite a devastating flood in 2008, he quickly restored services and rebuilt the Elkader branch using local resources. Beyond banking, Garms also played a crucial role in founding community organizations like Elkader's Hospital Foundation and the Clayton County Foundation for the Future. He also volunteered in the former Soviet Union and has strong ties to Algeria through his wife's non-profit work. Reflecting on his 50-year career, Garms values the community impact he's made alongside his supportive family and team.


Pictured are Kathy Mueller, Jim Moritz, Adam Weigand, Keith Garms, and Kathy Garms.

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About the Iowa Bankers Association
The Iowa Bankers Association represents Iowa banks and savings institutions. Iowa bankers are committed to the values of honesty, hard work and community service, and have been a trusted resource for Iowans for more than 135 years. Iowa banks offer FDIC insurance and lend nearly $86 billion to help individuals, business owners and agriculture. Nearly 40,000 Iowans work at an Iowa bank, and bank employees volunteer more than 300,000 hours to support local communities each year. To learn more, visit www.iowabankers.com.