History
Our Unique
| BANKHISTORY | GROWTHOF THE BANK | MICHIGANHISTORY | |
|---|---|---|---|
| 1897 | Fenton was served by two private banks: HB Latourette Bank & EB Wightman Exchange Bank |
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| 1898 | HB Latourette founded the chartered bank, Commercial Savings Bank, from HB Latourette Bank | Bank assets of $25,000 | |
| 1899 | Olds Motor Works in Detroit erected the first factory built in America for the manufacturing of automobiles | ||
| 1908 | Frederick H Hitchcock was instrumental in the formation of the chartered bank, Fenton State Savings Bank, from Wightman Exchange Bank | Bank assets of $72,841 | |
| 1913 | There are 60,000 automobiles registered in Michigan | ||
| 1931 | Commercial Savings Bank and Fenton State Savings bank merged in 1931 to become The State Savings Bank of Fenton | $1.478 million at merger of the two Fenton banks | |
| 1933 | Michigan votes to end national prohibition | ||
| 1954 | Linden Branch opens as the first branch office | ||
| 1961 | Bank assets reached $10 million | ||
| 1965 | Bank assets reached $16 million | ||
| 1966 | Opened first drive thru services | ||
| 1968 | Slogan on Michigan license plates changed to Great Lake State | ||
| 1971 | Bank assets of $28.7 million | ||
| 1973 | American military involvement in Vietnam ends; over 400,000 Michigan men and women serve | ||
| 1974 | Bank assets of $39.6 million | ||
| 1977 | Today's current Main Office opened; Installed first ATM |
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| 1981 | Bank assets of $80 million | ||
| 1984 | Bank assets reached $100 million | ||
| 1987 | Holly Branch opened | ||
| 1988 | Changed name to The State Bank & Formed holding company, Fentura Financial, Inc. |
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| 1994 | Michigan accounts for 32.6% of all U.S. car production, building 2.1million passenger cars | ||
| 1995 | Launched internet banking retail customers | ||
| 1996 | VGs Branch opened | ||
| 1998 | Launched telephone banking | ||
| 2000 | Michigan’s population is 9,952,450 | ||
| 2001 | Grand Blanc South Branch opened; Launched internet banking for businesses |
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| 2002 | Silver Lake Branch opened; Launched partnership with Food Bank of Eastern Michigan |
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| 2004 | Bank assets of $585 million | ||
| 2006 | Grand Blanc North Branch opened | ||
| 2008 | Brighton Branch opened | ||
| 2011 | Launched Change 4 Kids Program; & Launched Mobile Banking |
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| 2016 | Acquisition of Community State Bank based in St. Charles | ||
| 2017 | Launched Interactive Teller Machines (ITMs) open seven days a week | ||
| 2019 | Farmington Hills Branch opened | Bank assets surpassed $1 billion | |
| 2020 | The State Bank launches several Covid Relief programs for families and businesses | ||
| 2021 | Acquisition of Farmers Bank of Munith | ||
| 2022 | Bay City LPO opened; Honored as the Small Business Administration Community Lender of the Year |
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| 2023 | Downtown Flint Branch opened in the historic Ferris Wheel Building; The State Bank Celebrates 125 Years! |