Scott State Bank, originally named The Exchange Bank, was established in 1887. The banking business was conducted in the mill office until the office at 108 West Main (now Shelbyville Insurance Services) was built in 1898.
The Exchange Bank continued to grow, and in 1904 the bank was incorporated and titled as it remains today, Scott State Bank.
In 1919 Scott constructed a new building at the corner of Main and Lincoln streets where the bank remains today. Measuring 100 by 90 feet, the two story brick structure was trimmed with Indiana limestone. The building was erected by Hagerman and Harshman of Sullivan at a cost of $75,000 and the formal opening was held June 30, 1920. From time to time over the years, changes and improvements have been made to the building. In 1976 the building was extensively remodeled and expanded, and another smaller expansion project was completed in 1997. The building stands today as a monument to A.R. Scott and his vision for a bank that would continue to service the financial needs of the community for generations to come.
Scott State Bank's Sullivan location opened in June 2000. This full service facility consists of approximately 2,800 square feet with three drive-up lanes, three private loan offices, safety deposit boxes and a conference room that is available to the public for evening and weekend meetings.
Scott Bancshares, Inc. was formed in 1982 when shareholders of Scott State Bank exchanged their shares for holding company stock. Scott Bancshares, Inc. is the parent of two subsidiary banks, Scott State Bank, and State Bank of Niantic. As of December 31, 2012, Scott Bancshares, Inc. recorded on a consolidated basis: Total assets of $157 million, Total loans of $67 million, Total deposits of $131 million, Total equity capital of $23 million.
Scott State Bank
101 West Main St.
P.O. Box 245, Bethany, IL 61914
Phone: (217) 665-3321
Fax:(217) 665-3625
Lobby Hours
Monday - Thursday: 8:30 a.m. to 4:30 p.m.
Friday: 8:30 a.m. to 5:00 p.m.
Saturday: 8:30 a.m. to Noon
Drive-Up & Walk Up Hours
Monday - Thursday 7:30 a.m. to 5:00 p.m
Friday 7:30 a.m. to 5:30 p.m.
Saturday 7:30 a.m. to Noon
