Question 1

What is Logansport Savings Bank?

Accepted Answer

Logansport Savings Bank is a locally-operated, independent community bank headquartered in Logansport, Indiana. With approximately $270 million in total assets, the bank serves individuals and businesses across north-central Indiana with a comprehensive range of retail and commercial banking services.

The institution operates as a full-service community bank, focusing on personalized customer service and local decision-making. As one of the oldest financial institutions in Cass County, Logansport Savings Bank has maintained its commitment to community banking while adapting to modern banking needs.

Question 2

When was Logansport Savings Bank founded?

Accepted Answer

Logansport Savings Bank was officially chartered on March 31, 1925, originally as the Logansport Building and Loan Association. The institution was founded to serve the financial needs of the growing Logansport community during the 1920s.

In 1995, the bank underwent a significant transformation when it converted from a federal mutual savings bank to a federal stock savings bank. This conversion led to the formation of Logansport Financial Corp., which became the holding company for the bank. The bank celebrated its centennial anniversary in 2025, making it one of fewer than 1,000 companies in the United States to achieve this remarkable milestone.

Question 3

Where is Logansport Savings Bank headquartered?

Accepted Answer

Logansport Savings Bank is headquartered in Logansport, Cass County, Indiana. The bank's main campus is located in downtown Logansport, where it has undergone recent renovation and expansion to better serve its growing customer base.

Question 4

Where does Logansport Savings Bank operate?

Accepted Answer

Logansport Savings Bank primarily serves communities across north-central Indiana, with its historical presence centered in Cass County. The bank has strategically expanded its regional footprint over the past 25 years, extending its reach to neighboring counties including Miami County.

In May 2025, the bank broke ground on a new full-service branch location at 851 N. Broadway in Peru, Indiana. This 2,700 square-foot state-of-the-art facility is expected to open in the first quarter of 2026 and will feature two drive-through banking lanes and a drive-up ATM with deposit capabilities. Approximately one-third of the bank's workforce currently lives in or has strong ties to the Miami County community.

Question 5

What services does Logansport Savings Bank offer?

Accepted Answer

Logansport Savings Bank offers a comprehensive suite of personal and business banking services. For retail customers, the bank provides checking and savings accounts, consumer loans, and residential mortgage lending. The bank has historically been among the top real estate mortgage lenders in Cass County.

On the commercial side, Logansport Savings Bank delivers business checking and savings accounts, commercial real estate loans, and agricultural lending services. The bank recently expanded its commercial banking team by adding a Commercial-Ag Lender and Business Development Officer to strengthen its capabilities in serving business and agricultural clients.

Digital banking services include Internet Banking and Mobile Banking platforms, allowing customers to manage accounts, transfer funds, pay bills, and access e-statements from their computers or mobile devices. The bank also offers mobile deposit functionality for added convenience. Online banking has been available since 2002, demonstrating the bank's commitment to technological advancement.

Question 6

What makes Logansport Savings Bank unique?

Accepted Answer

Logansport Savings Bank distinguishes itself through its century-long commitment to community banking and local ownership. As one of fewer than 1,000 businesses in the United States to reach 100 years of operation, the bank has demonstrated remarkable resilience through economic changes, industry transformations, and global events.

The bank's tagline "Leading The Way" reflects its approach to combining traditional community banking values with modern innovation. The institution maintains local decision-making authority, with leadership and staff deeply connected to the communities they serve. This local presence enables personalized service and faster responses to customer needs.

Logansport Savings Bank demonstrates its community commitment through active reinvestment in the region. During its centennial celebration, the bank awarded $1,925 community grants to local organizations in Cass County, supporting causes ranging from social services to special Olympics programs. The bank's willingness to invest in significant building projects in both Logansport and Peru reflects its long-term vision for growth while maintaining its community-focused identity.

Question 7

What type of financial institution is Logansport Savings Bank?

Accepted Answer

Logansport Savings Bank is classified as a community bank with federal savings bank charter. The institution operates as an FDIC-insured, locally-owned independent bank focused on serving the financial needs of consumers and businesses in its regional market.

The bank functions as a traditional community bank model, emphasizing relationship banking, local leadership, and geographic focus on north-central Indiana. As a member of the FDIC and an Equal Housing Lender, Logansport Savings Bank adheres to federal banking regulations while maintaining its independence from larger banking corporations. This structure allows the bank to make lending decisions locally and maintain deep connections with the communities it serves.

Question 8

How is Logansport Savings Bank involved in community development?

Accepted Answer

Logansport Savings Bank has a long history of community involvement and economic development support. The bank has invested in affordable housing projects, including a $1.5 million investment in a limited partnership that constructs and manages residential apartments for low and moderate-income residents, generating community development tax credits.

The bank actively supports local organizations through financial contributions and partnerships. Board members and executives serve on various community boards, including the Logansport Memorial Hospital Board of Trustees, Cass County Family YMCA, and the Logansport/Cass County Chamber of Commerce. This leadership involvement extends the bank's impact beyond traditional banking services.

The institution's philosophy emphasizes that its purpose goes beyond offering banking products to include funding small business dreams, providing stable careers for employees, and supporting organizations that make their communities great places to live and work.

Logansport Savings Bank

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About Logansport Savings Bank in the United States