Shelby State Bank
Shelby State Bank
180 N. Division Street
PO Box 218
Hesperia, Michigan 49421
Phone: (231)854-6455
Fax: (231)854-1364
Email: info@shelbybank.com
The mission of Shelby State Bank is to profitably deliver high quality customer services that meet the financial needs of our community, its citizens and its businesses. No line of financial services is beyond our charter.
The Shelby State Bank opened its doors for business on November 20, 1931 just a few short months after Churchill & Webber, a private bank, was forced to close its doors amidst the trying economic times of The Great Depression.
The people of Shelby were quick to realize the importance of having a community bank and within a few weeks, ninety-five local people had signed applications for stock in a new bank – The Shelby State Bank. Upon approval by state banking authorities, The Shelby State Bank opened for business and on its first day, over one-hundred accounts were established. Within roughly a month’s time, the bank reported assets of $79,000.00 and was returning a profit for its investors.
Located in the old Opera House in downtown Shelby from 1931 to 1966, a new building was constructed and over the years saw several significant expansions and renovations, the most recent in 2005. Today Shelby State Bank operates from a state of the art banking facility and continues to be a cornerstone of the Shelby community.
Today, Shelby Financial Corporation, the holding company for The Shelby State Bank, has numerous shareholders, many of whom are descendants of the bank’s original investors. The Shelby State Bank continues to be highly rated by both bank regulatory agencies and independent bank ratings companies.
© 2007 Shelby State Bank. All rights reserved
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