State Bank Announces Strategic Banking Center Expansion in Lapel
New Banking Center to meet needs of the Lapel community with locally based bankers, personalized service, local decision making, and best in class digital product line
(LAPEL, IN) May 8, 2025 – State Bank announced today its acquisition of a new banking center in Lapel, Indiana. State Bank’s investment in Lapel includes renovation of an historic building, now used for the Town Hall, into a full-service banking center. The new location in Lapel will meet the community’s local needs while complimenting the Bank’s strategic plan to further invest along the I-69 corridor.
“In the over 50 years I resided in Madison County, Lapel has never had a brighter future than what lies in front of it right now! Our bank and its leaders are thrilled to partner with Lapel and its proud people to deliver locally based decisions through local bankers, committed to outstanding, personalized service with second to none digital products,” explained CEO, Mike Baker.
The Bank’s leadership is fully committed to Lapel. “When our CEO, Mike Baker, presented the opportunity in Lapel, the Board of Directors did not hesitate to voice its strong support and provide the resources to make it happen,” stated Matt Price, President of State Bank.
“This is part of the Bank’s larger plan to build on the positive momentum already happening in Lapel and the surrounding area. Our investment will go beyond bricks and mortar and include investment in local people and organizations. We believe there is no substitute for locally based bankers, empowered to make decisions and equipped to serve customers, with an unrivaled digital platform,” added Price.
The acquisition will launch a new partnership with the Town of Lapel. “I’d especially like to thank the Bank for their commitment and willingness to be a genuine partner to our community. On behalf of the Town of Lapel, I want to warmly welcome State Bank. We eagerly anticipate the opening of the new branch, further strengthening the fabric of the community,” said Town Council President, Brian Robertson.
The new location is in the planning stages with the Bank’s design team and is expected to open in early 2026, subject to regulatory approval.
About State Bank
State Bank is a $826 million community bank serving customers’ needs in central Indiana. In addition to operating 10 full-service locations, State Bank is a part of the AllPoint™ ATM network of 55,000+ ATMs nationwide. Bauer Financial has named State Bank a 5-Star Bank based on its strength and performance since 2017. Its offices are in Avon, Brownsburg, Plainfield, Lizton, and Pittsboro in Hendricks County; Lebanon (2) and Zionsville in Boone County; Carmel in Hamilton County; and Lafayette in Tippecanoe County. Visit www.StateBank1910.bank to learn more.
