CSB History

A Legacy of Stability and Progress Since 1907

Citizens State Bank of Milford was founded in 1907 as a private bank by three members of the Jones family: E.S. Jones, A.M. Jones, and Priscilla Jones. The bank remained a private enterprise until 1920, when it was officially incorporated and received its state charter—a designation it still holds today.

The Jones family led the bank until 1939, when Priscilla passed away. Leadership then shifted to I.M. “Ike” Goldstein, who became President, and Warren Davis, a bank employee since 1911, who was named Executive Vice President and Cashier.

Following Davis’s retirement in 1955, Glen C. Hodges of Springfield took over as President. During the bank’s 50th anniversary, Davis recalled that the bank had adopted its long-standing slogan, “The Bank of Stability and Progress,” in 1911. At that time, the bank’s capital and surplus totaled $25,000.

In 1962, Hodges sold controlling interest in the bank to Dean Quinn. After Quinn’s passing in 1968, his bank stock was sold to Arthur R. Murray in 1969. Art served as President until 2019 and remained Chairman of the Board until his death in 2022. Ownership of the bank passed to Art and his wife Phyllis Murray’s sons, Rob and Chris Murray. Rob has continued his father’s legacy, serving as President since 2019.

The bank's current building, located at the corner of Jones and Axtel Streets, was constructed in 1966 on the former site of the Meyers General Store. A major addition in 1984 expanded space for bookkeeping, data processing, a walk-up window, and two more drive-up lanes. In 2018, one lane was converted into an ATM lane, and in 2021, the interior was updated with new desks, workstations, carpet, and waiting area furniture.

Throughout its long history, Citizens State Bank of Milford has remained committed to serving the community with the same spirit of progress and stability that began in 1907