Among the ranks of IBA-member banks, 87 have been in operation for 100 years or longer. This year, Bath State Bank became the 88th centennial bank. The Association congratulates Bath State Bank and all our other centennial bank members that have weathered economic changes and challenges to bring strength to Indiana.
The bank opened its doors for business on June 24, 1924. At that time, 250 shares of stock were issued to 66 original shareholders, W.S. (Scott) DuBois served as the bank’s first president, and Cecil Whiteman served as the first cashier. The bank remains independently owned today.
It was one of the few banks that remained open for business during the Great Depression. By the 1950s, it had acquired more than $1 million in assets (~$12 million in 2024 dollars).
The bank was a single-location operation for nearly 85 years, opening its second location in the fall of 2008 in West College Corner. A third opened in 2020 in Liberty.
