In early 1907, a group of Cleveland area citizens first realized the need for a bank. August Erdmann’s Hall was the location for a special meeting called on May 1, 1907. After the banking business was fully explained and discussed, the community members in attendance began their subscriptions for the necessary $15,000.00 of capital stock. The first new bank facility was occupied in 1911 and remained the home of the Cleveland State Bank until 1959, at which time the building sold for $4,500.