About First State Bank

First State Bank is a wholly owned subsidiary of the Crystal Valley Financial Corporation and is a locally owned, independent community bank providing consumer, agricultural, business and commercial financial services since 1910.

In recent years the corporation has expanded Asset Wealth Management Services through the Trust/Wealth Management Department. The bank is headquartered in Middlebury, Indiana.

Our mission statement is as follows: The mission of the First State Bank is to be a stable independent community bank that offers the highest quality products and services to its customers. First State Bank will focus on developing and retaining the highest quality people to deliver long-term sustainable earnings, a strong capital base and increasing shareholder value.


According to the records of First State Bank, the Articles of Incorporation were drawn up on August 30, 1910. The capital stock for the association was $25,000.00, and it was divided into 250 shares valued at $100 each. Thirty one interested citizens subscribed for all the shares.

The first shareholders meeting was held on Wednesday afternoon, September 21, 1910 at the Opera House located in Middlebury.