The Alden State Bank opened for business on October 5, 1916, in rented quarters in the building at 13205 Broadway, at the corner of Exchange Street.  The establishment of the bank was the result of several local people who felt the need for a financial institution that would meet the needs of a growing Alden community.  At this time, commerce was surging forward, largely due to business generated by the Black Water Baths.

As Alden grew, the bank grew as well, and in 1924, a new building which would provide more space was built.  That building, now the office of the Alden Advertiser at 13200 Broadway, seemed spacious at the time when there was one active officer and three employees.  

Eventually, along with continued community growth, came the need for still more space.  In 1963, all of the bank’s operations were moved to a new building at 13216 Broadway.  A drive-thru teller and more teller stations were added.  By the mid 1970’s, even this building had become so crowded that the basement was finished to house the bookkeeping and computer operations departments.  

By the late 1980’s the bank again felt the need for additional space.  Ground was broken in May 1992 to add 6,000 square feet onto the existing building.  The lobby was remodeled and an additional drive-thru window was added.  The remodeled bank now has nine offices for customer service, instead of the two which were previously available.  In 1994, in order to serve the banking needs of neighboring communities, a new branch office was built in Lancaster, at 5802 Broadway, near Bowen Road .

The bank was founded to meet the needs of the community.  With that philosophy in mind, Alden State Bank has invested in Alden schools, the fire department and purchased issues of local municipalities.  Assets have grown from $78 thousand in 1916 to $185 million at the end of 2006.  This success can be attributed to sound management and financial practices and to the loyalty of its customers.  We hope that Alden is proud of its home-town bank and we thank the community for its support for the past 90 years.