This year, State Savings Bank is celebrating its 130-year anniversary. This milestone marks more than a century of helping northern Michigan families and businesses reach their financial goals, while remaining a locally owned, independent community bank. The anniversary also comes with an unexpected twist. For many years, State Savings Bank was thought to have been founded in 1901. However, recently uncovered historical documents showed that the bank first opened its doors in Frankfort in 1896, making this year its 130th anniversary. The bank’s original name was Benzie County State Bank.