landscape of a field of crops and a long rural road

Read the Blog

Stay in-the-know!

The Bippus State Bank Card Fraud Center is assigning a 6-digit reference number to each fraud case for our debit card users, starting Wednesday, November 1st. This reference number will be required from the caller to authenticate themselves on inbound calls to live agents in the call center. This will not only keep your information secure, but also provide the agent with the assurance that the caller is the intended recipient. The agent will require this 6-digit reference number before proceeding with the call.

We understand that fraudulent activity on your debit card can be extremely stressful and time sensitive. The new 6-digit reference number will allow agents to assist you more quickly and efficiently while also providing an added layer of security.

Here’s what you can expect to receive from a Jack Henry agent in regards to any fraudulent activity:

SMS Message Example:

Email Example:

 

Voicemail Example:

Washington, D.C. (April 4, 2023)—The Independent Community Bankers of America® (ICBA) today announced that Adam Fusselman, SVP of Bippus State Bank, Huntington, IN was elected to serve on ICBA’s Housing Finance Subcommittee ICBA is the nation’s voice for community banks and is committed to its founding mission to create and promote an environment where community banks flourish.

“As a financial steward of my community and advocate for the community banking industry, I’m proud to support ICBA’s efforts to highlight the important role community banks serve both locally and in our nation’s economy,” Fusselman said. “As relationship lenders, community banks remain focused on the needs of their customers, and work hard to earn and retain their trust every day. I’m proud to be a community banker and to be called to serve to preserve our industry’s legacy for future generations.”


In addition to helping shape and promote ICBA’s national policy positions and programs, Fusselman’s duties include engaging in grassroots activities in Indiana to advocate pro-community bank policies and serving as a liaison between community banks and ICBA staff and leadership in Washington, D.C.

“Adam is a respected civic leader and community banker who has graciously volunteered his time and resources to advocate and promote the important role of community banks in our financial system,” said ICBA Chairman Derek Williams, president & CEO of Century Bank & Trust in Milledgeville, Ga. “We are honored that Adam has accepted this appointment and extend our heartfelt appreciation for his ongoing efforts to ensure the future of community banking remains bright.”

 

About ICBA

The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.

With nearly 50,000 locations nationwide, community banks employ nearly 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5.8 trillion in assets, over $4.8 trillion in deposits, and more than $3.5 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.

1. In-house service and guidance
 

Whether you’re building or buying a new home, relocating, or refinancing… Applying for a mortgage loan with Bippus State Bank doesn’t just stop with the loan. We’re committed to helping you through every stage of the process so that you understand all the financial details that go into getting your dream home. Your dedicated Bippus Mortgage Loan Officer will get to know you and your financial goals to best guide you through the process from beginning to end.

Using this personalized process, setting up your mortgage is no longer a stress-inducing headache… Instead, it becomes a sigh of relief. Giving you more time to place your attention where it’s most important – your family’s needs for your upcoming transition.

 

2. Flexible terms
 

Our real estate loans and home mortgages are serviced in-house allowing you to receive quick and convenient service. But it also means that Bippus home mortgages can be flexible – we offer terms that will fit your exact needs.

When you apply for a mortgage loan, your Bippus Mortgage Loan Officer will discuss the details with you to come up with a plan that is going to work best for you and your family and offer a flexible plan with the most competitive rates possible. If you’re curious to see what your numbers might look like, check out our Mortgage Calculators for free assessments.

 

3. Get pre-approved
 

In addition to talking through all of your financial goals and setting up flexible terms, Bippus will get you pre-approved (at no cost to you) so that you know before you make an offer that you can purchase that perfect home while staying within your budget. This will save you a lot of valuable time in your home search as well, by helping you filter the options you know will be in your price range.

 
4. Online applications
 

Applying is EASY. You can start with an online application. It’s one less thing to have to worry about scheduling an appointment for, or making a rush stop by the bank to get taken care of.

 

5. Handle all of your banking needs in one place
 

Bippus can help you tackle all of your financial needs. From mortgages to loans to checking accounts to deposit accounts… We have your back with over 100 years of dedicated, personal service. We’re here to make smart banking less confusing, less stressful, and more attainable.

 

Visit the Mortgage Loan Center

Personal Loan Products

 

Our lenders are experiencing a high volume of applications at this time. We appreciate you applying with us, and our officers will be in contact with you as soon as possible.

For further information contact us at 1-877-653-8900.

These days, the importance of banking smarter has become an integral part of finances, with daily impact on overall investments.

You’ll see lots of tips floating around online like, “how to lower your overdraft fees,” “how to go through your monthly expenses to see where you can shift costs,” and “how to get out of ATM withdrawal fees.” (More on that last one down below - we’ve got a hack for that!)

But one of the BEST ways to bank smarter is to open a checking account with a high interest yield.

So what exactly does that mean? What pros come along with it?

Read below to find all the answers to your questions and start making your money work for you!


What is a high interest yield checking account?

A regular checking account doesn’t offer much in terms of accruing interest. Most checking accounts offer a 0.03% interest rate, which could maybe result in a few extra bucks in your pocket…. In a couple of years.

High interest yield checking accounts, on the other hand, offer a much higher APY (Annual Percentage Yield) than regular checking accounts – typically between 1% - 4%.

So what would having a high interest checking account look like in real dollars?

If you had a high interest yield checking account with a 2.5% APY and held an average balance of $2000 in your account, you’ll get significantly more money back from that by the end of the year than you would with a regular checking account.

2.5% of the $2000 balance equals $50. So by the end of the year your account would actually read $2050. The money goes to work for you, without you having to lift a finger. 

Our Interest + Checking account option is one of the many things we’re proud to offer at Bippus State Bank - and it’s a customer favorite!

But that’s not all! Here are 3 more reasons to love high interest yield checking accounts:


1. The Availability

It’s hard to find online savings accounts these days that will offer a better APY than high interest yield checking accounts. Opening an Interest + Checking account with Bippus will be easier and offer more in return than what you’d find through a savings account.


2. The Convenience

With this type of bank account, your money is liquid, meaning it can be withdrawn whenever you need it. This isn’t always the case with savings accounts or other investment methods. And you only need to complete 3 criteria each month to qualify for your Interest + Checking account:

  • Perform 15 debit card transactions per month 
  • Enroll in Online Banking & eStatements
  • Set up ONE direct deposit per month

If you qualify under these 3 simple criteria, you’ll start making your money work for you.


3. The Bonuses - ATM Fee Refunds and More

Having a high interest yield checking account comes with perks beyond its higher APY. One of the biggest ones? You’ll get ATM fee refunds nationwide. You’ll be eligible for that bonus with your Interest + Checking account with Bippus, plus you’ll also be able to perform unlimited transactions with no per check fee.

 

If you’re ready to get on the money-making bandwagon with smarter banking - The Bippus Interest + Checking account pays you extra interest for simply doing the things you already do. Bippus State Bank has you covered.

 

See Additional Checking Account Information

Open your Interest + Checking account today


*Must meet certain requirements to obtain maximum interest rate.  Other terms and conditions apply. For further information contact us at 1-877-653-8900.

Washington, D.C. (March 17, 2022) — 
The Independent Community Bankers of America® (ICBA) today announced that Adam Fusselman, SVP of Bippus State Bank, Huntington, IN was elected to serve on ICBA’s Housing Finance Subcommittee. ICBA is the nation’s voice for community banks and is committed to its 92-year mission of creating  an environment where community banks flourish.

“As a civic leader and advocate for my community, I’m excited to work with ICBA to bring awareness to the vital role community banks serve locally and in our nation’s economy,” Fusselman said. “Community banking endures because we continue to place value on the all-important relationship and work hard to earn the trust and respect of our customers. I’m proud to be a community banker and to do my part to ensure our industry’s vitality for future generations.” 
 
In addition to helping shape and advocate ICBA’s national policy positions and programs, Fusselman’s duties include engaging in grassroots activities in Indiana to promote pro-community bank policies and serving as a liaison between community banks and ICBA staff and leadership in Washington, D.C.

“Adam is an exceptional community bank leader who has dedicated time and resources to advance ICBA’s mission and help local communities thrive,” said ICBA Chairman Brad M. Bolton, president, CEO and senior lender at Community Spirit Bank in Red Bay, Ala. “We are honored that Adam has accepted this appointment to represent the industry  and thank him for volunteering to serve as we work to ensure a bright future for community banks and the customers they serve.” 
 
About ICBA
The Independent Community Bankers of America creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.
With nearly 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, over $4.4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.

Huntington, Indiana (February 23, 2022) – Bippus State Corporation (the “Company”), the holding company for The Bippus State Bank (the “Bank”), today announced the completion of its private placement of $5 million of its 3.75% Fixed-to-Floating Rate Subordinated Notes due 2032 (the “Subordinated Notes due 2032”) and $5 million of its 4.25% Fixed-to-Floating Rate Subordinated Notes due 2037 (the “Subordinated Notes due 2037”, and together with the Subordinated Notes due 2032, the “Notes”) to certain qualified institutional buyers and accredited investors.

“We are pleased to announce the completion of a $10.0 million subordinated debt offering, the proceeds of which will be used for general corporate purposes, including to support our continued growth and regulatory capital ratios of the Bank and repurchasing shares of common stock of the Company,” said Eric D. Fawcett, President and Chief Executive Officer of the Company and the Bank. The Subordinated Notes due 2032 will initially bear interest at a fixed annual rate of 3.75% for the first five years and will reset quarterly thereafter to what is expected to be the then current three-month SOFR rate plus 211 basis points. The Subordinated Notes due 2037 will initially bear interest at a fixed annual rate of 4.25% for the first ten years and will reset quarterly thereafter to what is expected to be the then current three-month SOFR rate plus 250 basis points. The Notes are intended to qualify as Tier 2 capital for regulatory capital purposes for the Company.

Performance Trust Capital Partners, LLC served as the sole placement agent. Krieg DeVault LLP served as legal counsel to the Company and Smith Amundsen, LLC served as legal counsel to the placement agent.

This press release is for informational purposes only and shall not constitute an offer to sell, or the solicitation of an offer to buy, any security, nor shall there by any sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The indebtedness evidenced by the Notes is not a deposit and is not insured by the Federal Deposit Insurance Corporation or any other government agency or fund.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the federal securities laws. Statements in this release that are not strictly historical are forward-looking and are based upon current expectations that may differ materially from actual results. These forward-looking statements, identified by words such as “will,” “expected,” “believe,” and “prospects,” involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. These risks and uncertainties involve general economic trends and changes in interest rates, increased competition, changes in consumer demand for financial services, the possibility of unforeseen events affecting the industry generally, the uncertainties associated with newly developed or acquired operations, market disruptions and the potential effects of the COVID-19 pandemic on the local and national economic environment, on our customers and on our operations as well as any changes to federal, state and local government laws, regulations and orders in connection with the pandemic. The Company undertakes no obligation to release revisions to these forward-looking statements publicly to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events, except as required to be reported by applicable law.

Contact:

Eric D. Fawcett
President and Chief Executive Officer
(260) 356-8900

Our big check put some miles in this past year!

Our commitment to our community runs deeper than simply serving our citizens with banking products and services. In 2021, we were striving to lend a stronger financial hand to support local non-profit organizations who are making a difference in our communities.

In April, we contributed $25,000 to the Heartland Learning Center in Wabash, an adult education center to develop more skilled laborers in our areas. 

In September, we contributed $25,000 to Love, Inc. a local food pantry and thrift store that is renovating their building to serve our neighbors even more than they are now. 

In December, we were able to support to our local park renovations! Historic Warren received $10,000 for Riverside Park and Roanoke Beautification received $20,000 for updates to the Zent Commons. We believe our communities are lovely and deserve to welcome people from near and far to enjoy in their beauty.

"We are thankful to be able to partner with Historic Warren, Inc and Roanoke Beautification for these park projects," stated Eric Fawcett, President and CEO of Bippus State Bank. "Downtown revitalization is so important to the economic success of our communities."


If your non-profit organization is looking for a financial partner, meet with your local branch's manager to discuss how Bippus State Bank can help.
 

Does January always feel like holiday spending pay off time when you should be starting your new year on a high note?

 
The holiday debt average in 2020 was $1,381. But what if you could reduce or eliminate that debt by saving up throughout the year? We gave a simple solution for you: The Christmas Club.

This savings account was created to help you SAVE for the holidays and PAY CASH for purchases instead of racking up debt.  The easiest way to utilize your Christmas Club Account is the "Set it and Forget it" Method. 
 
Step 1:  Open the account online (only $5 opening balance to start!)
Step 2:  Set up an auto-transfer on the days you are paid regularly
Step 3:  Never touch the funds in the account! 
Step 4:  Wait for your account balance check to come in the mail in October!


In this table, let's assume your first payday is January 7th and you are paid every other Friday. By October you will have saved up:


Save

Bi-weekly

$5

$100

$10

$200

$25

$500

$50

$1,000

$100

$2,000


Do you see how taking small steps can help minimize or even eliminate the stress of holiday spending? Instead of racking up credit card debt and starting the new year with a stack of BILLS, you can save up little by little throughout the year to pay CASH for your holiday spending!

But don't let the "jolly" name of this account fool you; let’s get a little creative for a second.

 Imagine this: Each paycheck you auto-transfer $75 to your Christmas Club account. Then October comes around and your account balance is enough to afford the entire cost of an oversized Airbnb in Tennessee like you see below and you take your family on a long weekend getaway in the fall.


Open a Christmas Club Account online

Explore Saving Accounts


Read more resources on Saving:

Teach Children to Save Day

Sack Lunch Savings Calculator

It is with great pleasure we presented the organization with a $20,000 donation to put towards their big projects coming up! Our community is incredibly fortunate to have Love, INC to provide an abundance of services to our community and it's an organization we are proud to support.

Our funds will assist with renovations to expand the food pantry and transform the way Love Inc can support its neighbors in the Huntington County community.

  • Offer Client Choice – Client choice allows our neighbors to choose for themselves what products they will receive. This will give our neighbors the dignity of shopping in a grocery store instead of receiving a list of items we have available.
  • Waste Reduction – The renovation will reduce waste. By having our neighbors selecting their own products, they will no longer dispose of products we give them that they do not care for.
  • Transform Volunteer Efforts – Currently, volunteers pack bags to hand out to neighbors but instead, their time and effort will be used to restock shelves and build relationships with the families the ministry serves. 
  • Safety – The renovations will provide a safer, cleaner and more efficient establishment for our neighbors to use and volunteers to serve in.
 

The Bippus State Bank recently donated $25,000 towards the development of the Heartland Adult Education Career Center, an expansion of the Heartland Learning Center in Wabash, Indiana. The Career Center has an opportunity to receive funding up to $5 million with a 20% match requirement. 

“We are incredibly grateful for the opportunity to support our community and help fund this project,” stated Haley Leon, Branch Manager, Bippus State Bank of North Manchester.  “The impact of this center on the citizens and businesses in Wabash and Huntington counties is incalculable and we’re proud to get behind a project of this magnitude,” Leon continued. 

The new 37,000 square foot building will become an adult education center focused on advanced manufacturing and health credentials. It will serve low-income and unemployed individuals, those requiring further training, veterans and eligible spouses, ex-offenders, adults without a diploma or with basic skill deficiency and individuals at 151% to 200% of the federal poverty line. “We are grateful for the generosity of multiple individuals, businesses and foundations across our region that is making the Heartland Adult Learning Center a reality,” added Mark Hobbs, Heartland Career Center Director.