State Farm Bank® received formal approval for a thrift charter from the Office of Thrift Supervision (OTS) in November 1998 with an intention to focus on consumer-oriented financial products. State Farm Bank is a nontraditional financial institution and doesn’t have branch offices. The bulk of direct customer interaction and product assistance is provided by State Farm agents, augmented by a telephone call center, the mail, and the Internet. State Farm Bank offers checking accounts, interest checking accounts, money market accounts, fixed rate CDs, individual retirement accounts, education savings account CDs, health savings accounts, credit cards, gift cards, vehicle loans, home mortgage loans, home equity loans, and home equity lines of credit.