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Shelby State Bank - Ludington

  • Banks / Credit Unions
30 N Meyers Road
LudingtonMI 49431
(231) 843-4878
(231) 843-3625 (fax)
  • About

    The Shelby State Bank opened its doors for business on November 20, 1931 just a few short months after Churchill & Webber, a private bank, was forced to close its doors amidst the trying economic times of The Great Depression.
    The people of Shelby were quick to realize the importance of having a community bank and within a few weeks, ninety-five local people had signed applications for stock in a new bank ? The Shelby State Bank. Upon approval by state banking authorities, The Shelby State Bank opened for business and on its first day, over one-hundred accounts were established. Within roughly a month?s time, the bank reported assets of $79,000.00 and was returning a profit for its investors.
    Located in the old Opera House in downtown Shelby from 1931 to 1966, a new building was constructed and over the years saw several significant expansions and renovations, the most recent in 2005. Today Shelby State Bank operates from a state of the art banking facility and continues to be a cornerstone of the Shelby community.
    Along with its main office in Shelby, Shelby State Bank operates eight additional full-service banking facilities, which serve a total of five west Michigan counties. Shelby State Bank?s branch banking facilities are conveniently located in the following communities:
    Shelby
    Hesperia
    Hart
    Pentwater
    Whitehall
    North Muskegon
    Fruitport
    Ludington
    Manistee
    Today, Shelby Financial Corporation, the holding company for The Shelby State Bank, has numerous shareholders, many of whom are descendants of the bank