For years now, Harrison barnes has shown he more than a basketball player. Together with his wife Brittany, the Barnes have made many charitable donations. Since moving to San Antonio and joining the Spurs, they donated $250,000 to AlamoPROMISE, $50,000 to the San Antonio MLK Commission, and another $150,000 across ten nonprofit organizations. They were involved with court renovations in Austin, Texas and Saltillo, Mexico.
Now Barnes has invest $25M into a bank in Paton, Iowa, a small town of approximately 250 people. The bank is located just over 40 miles from where he grew up. He has previously served on bank boards and studied at the Iowa School of Banking. His interest in community banking blossomed during the COVID-19 pandemic.
“This is not a vanity project,” Barnes said. “We want to be Iowa’s next great bank.”
Barnes’ ownership in Community State Bank is designed to preserve rather than overhaul it. Community State Bank’s name, staff and management will remain in place. The bank, celebrating its 70th anniversary, was acquired through Barnes Bancorp, Inc., a company he owns.
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