History of North Salem State Bank
North Salem State Bank (NSSB) is a locally owned, community oriented bank located in North Salem, Indiana with 5 locations in 4 Indiana cities. NSSB was founded in 1923 and is committed to providing its customers and its communities quality products and quality service through a dedicated and professional staff, while enhancing shareholder value.
NSSB began expanding its market area in 1989, with the opening of their first branch location in Danville, Indiana. That remained the only branch until 1995, when the bank opened its third location in the Danville Kroger. North Salem State Bank was one of the first community banks in the area to try this type of supermarket facility. In 1996, NSSB expanded into two other areas of west central Indiana. In Greencastle, Indiana, they opened their second supermarket facility and in Waveland, Indiana, they acquired a small banking facility from National City Bank.
NSSB used these locations and the expansion of their market area to grow aggressively to their current size of $130 million. With the steady growth over the years, NSSB opened a new facility in Greencastle in 2007, replacing the supermarket office that had become too small for the bank’s volume.
This expansion and growth could not have taken place without the vision and leadership of the Board of Directors and the Executive Management team. Their leadership has allowed the dedicated staff to know what the bank is about, where it is headed and how the staff’s continued efforts and excellent customer service will help them meet their goals.
