The Farmers State Bank of Turton has been run by three generations of the Troske family. Local investors founded the bank in August 1915, and in 1921, Frank Troske became cashier of the bank. The bank survived the Great Depression but still suffered from financial hardship. In 1940, Frank took over sole operation of the bank.
In 1954, Frank’s son, Ron Troske, joined his father at the bank after serving in the Navy. In 1962, Ron took over for his father as cashier. Nine years later, Ron purchased controlling interest of the bank; Frank was elected Chairman of the Board and Ron was named President and CEO.
In 1982, Frank’s grandson and Ron’s son, Monte Troske, began working at the bank. In 1996, Monte was named President and CEO, and Ron currently serves as the Chairman of the Board.
The bank currently employs seven individuals who are all from the area. There is also an affiliated insurance agency on site called Troske-Vogel Agency, Inc. Terry Vogel has managed the agency since 1972, and his son, Jeff Vogel, was hired in 2007 as an additional agent.
SD Toll Free: 800-540-5243
Phone: 605-897-6532
Fax: 605-897-6600
