State Bank of Southern Utah was founded in 1957 by community leaders who saw a need for a bank to service their local financial needs. The ability to make local decisions on loans and financial services has always been at the center of the bank’s culture and business model. Throughout the years, State Bank has recognized the need for personal leadership and decision making as it expanded its offices into each of the communities we serve. In fact, from the very first stockholder meeting held in the Old Escalante Hotel in Cedar City, the owners, officers and employees of State Bank have always put community first.
Many community banks were founded on the same principles that State Bank was. The difference between us and the other guys is that over the years State Bank has remained true to our original business principles. Our board of directors are just as committed to community success today as our founding directors were in 1957.
Today, State Bank has 15 locations in 13 different cities and towns. Although we have enjoyed solid growth over the years, the same spirit of helping other people achieve their financial dreams is still important to us.