Bippus State Bank
Bippus State Bank
270 North Main Street
Roanoke, IN 46783
Toll Free: (877) 653-8900
Phone: (260) 672-2265
Fax: (260) 672-9500
Our Mission
Bippus State Bank is committed to remaining an independent community bank while providing premium financial products and services to the communities that we serve. Further, we are committed to promoting economic growth
and stability within these communities.
Our History
The Bippus State Bank opened for business on July 22, 1911, in the heart of the small, rural community of Bippus in Huntington County, Indiana. The result of the efforts of Mr. M. N. Knight, who operated a general store in Bippus, and as a service to the people of the community, he conducted a currency exchange in his place of business. Dr. I. E. Perry worked with Mr. Knight toward founding a chartered bank.
The original name was Bippus State Bank. In 1931, twenty years after its founding, it was necessary to renew the charter. At this time, the State of Indiana granted a perpetual charter, and the bank’s name became The Bippus State Bank.
Prior to opening for business, stock subscriptions were taken and the capital structure consisted of $25,000 in shares at $100 each, par value. In 1961, the capital stock increased to $50,000 in shares of $20 each, par value, reflecting the bank’s growth over time in an expanding economy.
The organization consisted of nine officers: Mr. M. N. Knight, president; M. E. Flora; John Murphy; Peter Hornaday; John Wagner; S. E. Stults; G. W. Shraeder; Dr. I. E. Perry; and Peter Deiser. J. F. Stephenson was employed as casher at the rate of $75 a month. Operating expenses for the first year of business totaled $1,310 with an income of $3,221.
Since 1911, The Bippus State Bank has grown to four locations in Huntington and Wabash counties, expanded its services to include a full spectrum of financial products and resources including financial planning, insurance, and trust services.
© 2007 Bippus State Bank.
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