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First State Bank Logo Text
  • Personal
    • Checking & Savings
    • Credit & Borrowing
    • Trust & Wealth Management
    • Online & Mobile Services
  • Business
    • Checking & Savings
    • Credit & Borrowing
    • Online & Mobile Services
  • Resources
    • News
    • Calculators
    • Financial Literacy
  • Connect
    • History
    • Locations
    • Investor Relations

INFORMED

About First State Bank

First State Bank is a locally owned and independent community bank providing consumer, agricultural, business and commercial financial services since 1910. Our mission is to provide the highest quality products and services to you, our valued customers.

Our Mission

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.

 

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 Story

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.

 


  • 1910
  • 1925
  • 1931
  • 1934
  • 1948
  • 1973
  • 1982
  • 1986
  • 1988
  • 1988
  • 1996
  • 2000
  • 2005
  • 2010
  • 2014
  • 2017
  • 2017
  • 2021

  • Beginnings

    Thirty-one shareholders purchased 250 shares at $100 each to form First State Bank of Middlebury.

    Charles Hoover, Original President, 1910-1931

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  • Expansion

    First State Bank expands by purchasing location at
    109 S. Main Street.
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  • Leadership

    Elsworth Varns

    President

    1931-1948

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  • Newspaper clipping scan


    History

    Print ad from January 1934.
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  • Old photo of a man


    Leadership

    Sam Hoover, Sr.
    President
    1948-1973
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  • headshot 3


    Leadership

    Sam Hoover, Jr.
    President
    1973-1982
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  • Headshot 2


    Leadership

    James G. Hiatt
    President/CEO
    1982-2014
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  • Technology

    The first ATM is installed at First State Bank.
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  • Headquarters line drawing graphic


    Expansion

    Middlebury Headquarters at 111 South Main St. opens for business.
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  • Goshen Branch Location


    Expansion

    Goshen Office opens for business
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  • Technology

    Online banking launched by First State Bank.
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  • FSB Newspaper Clipping


    Expansion

    Cobblestone Office opens.
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  • Expansion

    Riverwalk Office opens
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  • FSB Centennial Logo Graphic


    History

    100 year celebration
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  • Man Looking at Camera


    Leadership

    D. Joe Caffee
    President/CEO
    September 2014
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  • FSB Oval Logo


    Remodel

    Goshen Office
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  • FSB Oval Logo


    Technology

    www.BFirst.bank website launched and began utilizing the secure .bank domain
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  • Expansion

    South Bend Avenue Office Opens.
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NEWS & INFORMATION

LOCATIONS

INVESTOR RELATIONS

First State Bank

111 South Main St.,
P.O. Box 69
Middlebury, IN
46540-0069

 

Routing Number: 071208297

Resources

Online Payment Portal
Make a Credit Card Payment
Resource Center
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Contact

574-825-2166
All Locations

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