Welcome to the Baltic State Bank. The Baltic State Bank is located in the Village of Baltic, Tuscarawas County, in the scenic hills of East-Central Ohio.
The Tri-County area (Tuscarawas-Holmes-Coshocton) is made up of beautiful crop and dairy farms, many small industries and is now becoming one of the top tourist areas in the State. One of the main tourist attractions in the area is the largest Amish population in the United States.
The Bank of Baltic began in the year 1902. Thirteen Years later, on January 29, 1915, the founders of The Bank of Baltic sold their bank to The Baltic State Bank for the sum of $5,500.00. B.C. Fisher was the first President of The Baltic State Bank, and Henry C. Gerber served as the bank’s first Secretary, and was named Cashier as well.
Two hundred and fifty shares of the bank were sold for the sum of $100.00. Twenty-four men in the community bought shares. Eight of these men (including J.C. Crile- a member of the family who started the Crile Hospital, which we now know as the Cleveland Clinic) held 20 shares each. In 1958, the shares were split 10 fold, and the capital stock was increased from $25,000.00 to $50,000.00. In 1970, the shares were split, making 5,000 shares, and the capital stock was increased to $100,000.00.
The bank moved to our current office, built in 1990. It is the third location for the Bank in our 100 plus years of existence and is located within 200 yards of the original location.
The Bank has faithfully served this community for 100 years. The Village of Baltic and surrounding area has been the Bank’s biggest asset. The pride of the Bank lies in the trust that its customers place in it. As of June 30, 2014, the Bank has $44 Million in Assets, but is considerably competitive for its size, drawing business from more than eight local towns in three counties.
Needless to say, because our main office is located in a small village in a rural area, our personal way of doing business has changed very little over the years. We take great pride in our quality, personal service which our customers have come to know and expect.
The Baltic State Bank offers a wide variety of banking products and services including free internet banking and bill pay. Our rates on savings and loans remain among the most competitive offered in our area. Please review the various area of our web site for additional information.