The Chelsea State Bank Story is a community bank. On December 18, 1897, a new financial institution was created when a diverse group of twenty-one Chelsea investors joined in the purchase of four hundred shares of bank stock. Articles of Incorporation were filed, a State banking charter was obtained, and with an initial capitalization of $40,000 Kempf Commercial and Savings Bank opened for business on January 17, 1898.
On February 24, 1934 the two banks formed Chelsea State Bank "for the purpose of greater efficiency and economy of management, as well as for the general welfare of said corporation and the community wherein they transact business." A new and modernized Chelsea State Bank opened for business in its new quarters in February 1968 with assets totaling $15 million. The stone building which had served as the bank's home for 41 years was granted to Washtenaw County for use as a District Court.
The year 2000 featured the opening of the Dexter Banking Center - the bank’s first branch office outside of Chelsea. By June 2007 the bank’s assets had grown to $200 million – a long way from the $40,000 it first held in public trust in 1897. Financial growth and longevity come through consistently conservative business methods and fair, courteous, and honest treatment in every transaction. Chelsea State Bank’s technology may have brought about great changes in banking, but these operating principles and values will never change.
Main office
1010 S. Main St.
Chelsea, MI 48118
Phone:(734) 475-1355
Fax:(734) 475-7740
Downtown Office
305 S. Main St.
Chelsea, MI 48118
Phone:(734) 475-1355
Fax:(734) 433-9162
Dexter Banking Center
7101 Dexter-Ann Arbor Rd.
Dexter, MI 48130
Phone: (734) 426-6000
Fax: (734) 426-6666
