Question 1

What is Scott State Bank?

Accepted Answer

Scott State Bank is a community-focused commercial bank serving central Illinois with a rich heritage spanning over 135 years. Headquartered in Bethany, Illinois, the bank operates 7 full-service branches throughout Moultrie County and surrounding areas.

As a state-chartered, FDIC-insured institution, Scott State Bank specializes in commercial lending while providing comprehensive retail banking services to individuals, families, businesses, and agricultural operations. The bank is a subsidiary of Scott Bancshares, Inc. and maintains approximately $207 million in total assets with $181 million in deposits.

Question 2

When was Scott State Bank founded?

Accepted Answer

Scott State Bank traces its origins to 1887, when it was originally established as The Exchange Bank by founder A. R. Scott. Scott operated a mill in Bethany, and his banking business evolved organically when customers began leaving money in his iron safe for safekeeping and he started cashing grain checks.

In 1898, the bank moved into its first dedicated banking office at 108 West Main Street. The institution was formally incorporated in 1904 and renamed Scott State Bank, with initial capital of $30,000. The bank was owned by A.R. Scott, his wife Mary Jane Scott, and their sons Hugh, Troy, Samuel J., and later Smith (who joined in 1907).

In 1919, the bank constructed a landmark two-story brick building at the corner of Main and Lincoln streets, where it remains today. The building, measuring 100 by 90 feet and trimmed with Indiana limestone, was erected at a cost of $75,000 and formally opened on June 30, 1920.

Question 3

Where is Scott State Bank headquartered?

Accepted Answer

Scott State Bank is headquartered at 101 West Main Street in Bethany, Illinois. The headquarters is located in the historic building constructed in 1919, which serves as both the main office and a symbol of the bank's long-standing commitment to the Bethany community.

Bethany is a small town in Moultrie County in central Illinois.

Question 4

Where does Scott State Bank operate?

Accepted Answer

Scott State Bank operates exclusively throughout central Illinois, maintaining 7 full-service branches across multiple communities:
• Bethany (headquarters) - Main office at 101 West Main Street
• Dalton City - 100 East Main Street (acquired from The Hight State Bank in 1998)
• Decatur - 3950 Fountain Lane
• Maroa - 101 East Main Street (acquired from Maroa Forsyth Community Bank in 2011)
• Mt. Zion - 1120 South Route 121 (opened 2013)
• Niantic - 200 East Lewis Street (acquired from State Bank of Niantic in 2014)
• Sullivan - 310 West Jackson Street (opened 2000)

The bank's service area covers Moultrie County and extends into neighboring counties including Macon, Piatt, and Christian counties.

Question 5

What services does Scott State Bank offer?

Accepted Answer

Scott State Bank provides a comprehensive suite of banking services tailored to meet the needs of central Illinois residents, businesses, and agricultural operations:

Consumer Banking:
• Personal checking and savings accounts
• Certificates of deposit (CDs)
• Money market accounts
• Individual retirement accounts (IRAs)
• Home equity loans and lines of credit
• Residential mortgage loans
• Auto and vehicle loans
• Recreational vehicle financing
• Home improvement loans
• Personal loans and installment loans

Business & Commercial Banking:
• Business checking and savings accounts
• Commercial loans and lines of credit
• Commercial real estate loans
• Equipment financing
• Letters of credit
• Overdraft protection
• Cash management services
• Merchant services

Agricultural Banking:
• Farm operating lines of credit
• Agricultural equipment loans
• Agricultural marketing lines
• Farm real estate loans
• Agricultural construction loans

Trust & Wealth Management:
• Estate planning and administration
• Trust services for individuals and families
• Investment management
• Retirement planning
• Tax reporting assistance

Digital Banking Services:
• Online banking with 24/7 account access
• Mobile banking app for iOS and Android
• Mobile check deposit
• Bill pay services
• Account transfers
• E-statements
• Account alerts and notifications
• Commercial internet banking

Question 6

What makes Scott State Bank unique?

Accepted Answer

Multi-Generational Family Legacy: Scott State Bank stands out with its remarkable 135+ year history of continuous operation under the Scott family. The founder's descendants continue to be involved through Scott Bancshares, Inc., creating institutional knowledge and community relationships that span generations of central Illinois families.

Strategic Growth Through Community Integration: Rather than rapid expansion, Scott State Bank has grown thoughtfully by acquiring and integrating other established community banks including The Hight State Bank (1998), Maroa Forsyth Community Bank (2011), and State Bank of Niantic (2014). This approach preserves local banking relationships while expanding service capabilities.

Agricultural Banking Expertise: With commercial lending specialization and deep roots in rural central Illinois, the bank offers sophisticated agricultural financing solutions backed by genuine understanding of farming operations. This expertise reflects the bank's origins serving grain farmers in the 1880s.

Local Trust Services: Unlike many community banks that outsource fiduciary services, Scott State Bank operates its own trust department at the Bethany headquarters. This provides customers with locally-managed trust and wealth management services combined with personal relationships.

Historic Preservation: The bank continues operating from its original 1919 building in downtown Bethany, demonstrating long-term commitment to community stability and preservation of local heritage.

Question 7

What type of financial institution is Scott State Bank?

Accepted Answer

Scott State Bank is a state-chartered commercial bank supervised by the Federal Deposit Insurance Corporation (FDIC). The bank holds FDIC Certificate #8491 and is not a member of the Federal Reserve System.

As a commercial bank, Scott State Bank emphasizes business and commercial lending alongside traditional retail banking services. The bank has fiduciary powers and actively exercises trust authority through its trust department. Scott State Bank is organized as an S-Corporation and operates as a wholly-owned subsidiary of Scott Bancshares, Inc., a one-bank holding company.

With its commercial lending specialization, agricultural expertise, and comprehensive retail offerings, Scott State Bank functions as a full-service community bank serving the diverse financial needs of central Illinois residents, businesses, and agricultural operations.

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