The Marblehead Banking Company of Marblehead Ohio was organized as a result of this meeting and a charter was granted by the State Banking Department of Ohio on March 6, 1907.
The Marblehead Bank Company (the word "Company" was officially dropped in 1960) began its operations in 1907 in the St. Marie Building, which now is occupied by Starcher Enterprises. In 1957, the bank celebrated its 50th anniversary by moving into a new facility across the street from the original building. The new structure was of ultra modernistic design but kept a touch of local color by having a limestone face and one limestone interior wall. In addition, the bank featured four teller windows, a night depository, ample parking, and Ottawa County's first drive up teller window.
In 1997, the bank celebrated its 90th anniversary by opening Danbury Township's first branch bank at 259 S. Bridge Rd. (SR 269) with the peninsula's only drive up ATM. On April 5, 2000, The Marblehead Bank opened a limited service branch at Otterbein North Shore Retirement Community.
The Marblehead Bank has grown in assets from approximately $25,000 in 1907 to about $30,000,000 in 2006. Since June of 1990, the bank has been annually awarded Bauer Financial Reports "Five Star Rating". Five Stars is Bauer's highest rating and indicates the bank is one of the safest in the United States. The local bank has served its surrounding communities since 1907 and remains a strong, independent, community bank. The Marblehead Bank is a member of the Federal Deposit Insurance Corporation (FDIC).
The Marblehead Bank
709 West Main Street
Marblehead, Ohio 43440
Phone: (419) 798-4471
