Question 1

What is State Bank of Brownsburg?

Accepted Answer

State Bank of Brownsburg is a locally owned community bank headquartered in Brownsburg, Indiana, with approximately $876 million in assets. Founded in 1910, the institution has grown from a single location to become a premier community bank serving Central Indiana.

Operating 10 offices throughout Boone, Hamilton, Hendricks, and Tippecanoe counties, State Bank emphasizes local decision-making and personalized service. The bank has been voted "Best Bank" in Hendricks County nine of the last 10 years and earned recognition as a 5-Star Bank by Bauer Financial based on its strength and performance.

Question 2

When was State Bank of Brownsburg founded?

Accepted Answer

State Bank of Brownsburg was founded in December 1910, originally established as State Bank of Lizton. The bank has provided over 110 years of personalized banking service to the Central Indiana community.

Throughout its history, the institution has maintained its commitment to local ownership and community-focused banking. The bank's founding reflected the needs of a growing Indiana community requiring accessible financial services and local capital for economic development.

Question 3

Where is State Bank of Brownsburg headquartered?

Accepted Answer

State Bank of Brownsburg is headquartered in Brownsburg, Indiana, in Hendricks County. The Indianapolis-Carmel-Anderson metropolitan statistical area includes Brownsburg, positioning the bank within one of Indiana's key economic regions.

Question 4

Where does State Bank of Brownsburg operate?

Accepted Answer

State Bank of Brownsburg operates 10 domestic offices across four Central Indiana counties: Boone, Hamilton, Hendricks, and Tippecanoe. The bank's strategic expansion into Hamilton and Tippecanoe counties occurred in 2021 and 2022, extending its community banking model into new markets.

The institution serves the Indianapolis metropolitan area and surrounding communities, maintaining a contiguous geographic footprint that allows for efficient operations while providing comprehensive coverage of Central Indiana's growing suburbs and towns.

Question 5

What services does State Bank of Brownsburg offer?

Accepted Answer

State Bank of Brownsburg offers comprehensive personal and business banking services. Personal banking products include checking and savings accounts, money market accounts, certificates of deposit, individual retirement accounts (IRAs), health savings accounts, debit cards, credit cards, personal loans, auto loans, home equity loans, and various mortgage programs.

Business banking services include business checking and savings accounts, business credit cards, commercial loans, commercial real estate financing, construction loans, equipment financing, and small business loans. The bank provides treasury management solutions, cash management services, remote deposit capture, and payroll direct deposit.

Digital banking services include online banking, mobile banking, online bill pay, electronic statements, and mobile wallet capabilities. The bank offers notary services, safe deposit boxes, wealth management services, loan servicing, and financial planning assistance.

State Bank maintains a routing number of its operations and provides telephone banking support. The institution keeps pace with industry technology while maintaining personalized, relationship-driven service at its core.

Question 6

What makes State Bank of Brownsburg unique?

Accepted Answer

State Bank of Brownsburg distinguishes itself through its unwavering commitment to community investment and local decision-making. The term "community bank" carries deep meaning for the institution, reflected in its active support of financial literacy programs for youth and adults, athletic support and scholarships for area schools, and participation in local Chambers and economic development initiatives.

The bank is an active supporter of Family Promise of Hendricks County and their mission to end homelessness, maintains partnerships with Witham YMCA of Boone County and The Heart of Lebanon, and sponsors countless local events and programs. By choosing to bank local, customers enable State Bank to reinvest directly back into their communities.

State Bank earned the "Best Bank" designation in Hendricks County nine of the last 10 years and received 5-Star Bank recognition from Bauer Financial. The institution maintains strong financial performance with a return on equity (ROE) of 11.63% and return on assets (ROA) of 0.95%.

The bank's commitment extends beyond monetary contributions to personal involvement of employees in community organizations, ensuring deep understanding of local needs and challenges. State Bank operates with a philosophy that local deposits should fuel local economies, supporting businesses and families throughout Central Indiana.

Question 7

What type of financial institution is State Bank of Brownsburg?

Accepted Answer

State Bank of Brownsburg is a state-chartered commercial bank regulated by the Federal Deposit Insurance Corporation (FDIC) and insured by the Deposit Insurance Fund (DIF). The bank is not a member of the Federal Reserve System.

As a community bank, State Bank of Brownsburg focuses on retail and commercial banking services tailored to individuals, families, and businesses in Central Indiana. The institution maintains local ownership and emphasizes relationship banking with decision-making authority remaining within the communities it serves.

State Bank exemplifies the community banking model through its combination of personalized service, local leadership, competitive products, modern technology, and deep commitment to reinvesting in the economic development and quality of life of its service areas. The bank's structure allows it to respond quickly to customer needs while maintaining the financial strength and product offerings necessary to compete effectively in the Indianapolis metropolitan market.

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