40 HќќѠіђџȱ юћјђџ ђѐђњяђџȱ2016 Spencer County Bank, Santa Claus The bank was chartered in 1907 as the Lake State Bank in Richland City. It was one of the few area banks to survive the Great Depression. But for many years, survive was about all it did. With older directors and stockholders, the bank was falling behind the times in many ways. However, in 1966 the bank was reinvented when Merle Kendall, at the time an employee of Dale State Bank, and William Koch, a local entrepreneur, bought controlling interest of the $2.3 million bank. The two teamed up to open a branch in Santa Claus, in part to support and ęȱȱ Ȃȱȱȱȱ a world-class theme park, a model gated community, and other businesses and services to support that community. 6SHQFHU &RXQW\ %DQN·V KRPH RIÀFH LQ 6DQWD &ODXV is shown after a remodel in 2001. INDEPENDENT COMMUNITY BANK 5 Locations to serve you Visit us at www.spencercountybank.com YOUR LOCAL Santa Claus 55 N. Louis J. Koch Blvd Santa Claus, IN 47579 Richland 3780 N. State Road 161 Richland, IN 47634 St. Meinrad 13029 E. State Road 62 St. Meinrad, IN 47577 Dale 10 N. Washington Street Dale, IN 47523 Grandview 322 Main Street Grandview, IN 47615 Later Santa Claus became the ȂȱȱĜǰȱȱȱ- stitution was renamed Spencer ¢ȱ ȱȱĚȱȱȂȱ desire to serve all of Spencer County. The bank has grown from that $2.3 million backward bank into a ǞŗŖŞȱȱȱ ȱęȱĜ- ȱȱŚřȱ¢ǰȱěȱȱ of the modern products and services required to remain competitive in today’s environment. Continued from page 39. Commerce Bank, Evansville Commerce Bank is a $150 million commercial bank with locations in Evansville and Clarksville. Commerce Bank is a consultative and nimble commercial bank that focuses on building long-term relationships with its clients. Formed in 2006, Commerce Bank continues to seek out both lending and deposit opportunities in the greater southwest and southern Indiana markets it serves. The bank is proud to have an experienced team of bankers who ȱĴȱȱȱȱ highest level of service to their customers and their communities. ȱȱěȱȱȱ of operation Monday through Saturday, and its website is located at: bankwithcommerce.com. Commerce Bank, formed in 2006, is headquartered in Evansville.
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