Personal Business

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About Us and Our Mission

About Us

As the 19th century approached its end, ten local businessmen recognized the need for another local financial institution to serve the needs of the growing community of Waterloo. Pooling their capital in the amount of $25,000, these ten individuals became the first shareholders of the State Bank of Waterloo.

The Bank became the first bank in town to offer its customers an innovative service to better meet their needs: Friday evening banking. This tradition remains with all area banks today. A walk-up window was added to the Bank's Main Street Branch in 1989, further extending the Bank's service hours. In 1991, the "Wedge" Branch opened for business at 501 N. Market St., offering drive-up as well as walk-in service.

In May 2004, the Bank's North Pointe Branch opened, replacing the Main Street branch. The facility features drive-up banking, a 24-hour ATM and an inviting lobby with coffee bar.

The Bank continued expanding by opening the Valmeyer Branch in September 2007. The branch is a full service branch offering deposits, loans and safe deposit boxes.

In January 2019, The Bank opened their most recent location in Columbia, IL, located just past the JB Bridge.  This modern facility offers deposit & loan services, a 24 hour ATM, and a free coin counter for customers 

The State Bank of Waterloo is a leader in technology and the innovative services they provide to customers. Some of these services include, internet banking, online bill pay and instant issue personalized debit cards. To further enrich your electronic banking experience, they also offer Mobile and Text Banking, Mobile Deposit and Card Control.

State Bank of Waterloo, founded in 1894, has a long and distinguished history of service to all of Monroe County. The tradition continues today with the Bank's active participation in funding local bond issues, community involvement with civic organizations, and the sponsorship of local athletic teams. The Bank is committed to remaining as a locally controlled and individually owned community bank.

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Mission Statement

It is our mission to:

  • Create and deliver quality financial products and services to residents of our delineated market area;
  • Be the premier or dominant financial institution in our market area -- if not in size, then in quality, in customer satisfaction, and in public perception;
  • Provide a stimulating and challenging work environment that encourages, develops, and rewards excellence;
  • Improve the quality of life and the business environment in our market area by donating time and resources toward worthwhile community projects;
  • Through dedication and commitment to the above, and through a willingness to invest resources to perform this mission, achieve superior financial performance that maximizes the value of our shareholders' interest


Popmoney is an innovative payment service we offer that eliminates the hassles of checks and cash. Paying other people is as easy as emailing and texting. Best of all, you don't need a new account to send or receive money. Just use your State Bank account!  Login to Online Banking and head to the Bill Pay tab to get started!



Did you know we literally pay you to bank here? Our Rewards Checking is so good even WE have a hard time believing it.  Open one of our Rewards Checking Accounts and start enjoying the benefits today. Click  'Rewards Checking' to learn more!


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