Matt Price Officially Assumes Role as President of State Bank

Brings Decades of Legal, Business, and Community Experience to Position

BROWNSBURG, Ind. – State Bank announced today that Matt Price has officially begun his tenure as the seventh president of the $826 million community bank, marking the newest chapter in the institution’s long legacy of local leadership and service.

Price, who has served on the State Bank Board of Directors since 2018, steps into the role today as part of a strategic leadership succession plan first announced in October. He succeeds longtime President and CEO Mike Baker, who will continue with the bank as CEO and Executive Vice Chair.

“Matt brings the right combination of strategic thinking, relationship building, and deep understanding of our communities,” State Bank Board Chair Andy Wernsman said. “His service on our board has demonstrated his commitment to our mission and our customers and shareholders, and we’re excited to have his leadership in this next chapter of growth.”

Price has practiced law for over 30 years as a partner at Dentons, where he built a reputation for handling complex business, real estate, and local government matters. A lifelong resident of Zionsville, he was the first chair of Dentons’ Economic Development Department and has advised clients on significant projects involving zoning, annexation, and public-private partnerships.

“Joining State Bank in this capacity is a tremendous honor,” Price said. “I’ve seen this bank's impact on people’s lives — from helping families buy their first homes to supporting entrepreneurs as they grow their businesses. I look forward to working with our exceptional team to carry forward the values and vision that have guided us for over a century.”

State Bank has nearly doubled during Baker’s tenure, growing from $350 million to $826 million in assets and expanding its footprint into high-growth markets. Price says he intends to continue that momentum while preserving the personal, community-first approach that distinguishes State Bank.

“Mike Baker has set a high bar in terms of his leadership, integrity, and innovation,” Price added. “I’m grateful for the opportunity to learn from him and build on his strong foundation.”

About State Bank

State Bank is a $826 million community bank serving customers' needs in central Indiana. In addition to operating 10 full-service locations, State Bank is a part of the AllPoint™ ATM network of 55,000+ ATMs nationwide. Bauer Financial has named State Bank a 5-Star Bank based on its strength and performance since 2017. Its offices are in Avon, Brownsburg, Plainfield, Lizton, and Pittsboro in Hendricks County; Lebanon (2) and Zionsville in Boone County; Carmel in Hamilton County; and Lafayette in Tippecanoe County. Visit www.StateBank1910.bank to learn more.