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The State Bank of Chilton was founded on April 19, 1891 with initial capital of $27,000.00. William Connell, founder and first President of the bank, was a farmer from South Germantown, WI who immigrated from Ireland in 1836. The original bank building was located on East Main Street next to St. Mary's church. In 1893, William Connell's son, T.E. Connell, the institution's original Cashier and General Manager, became the bank's second President. The State Bank of Chilton enlarged and remodeled their facility in 1912 to meet the expanding needs of the Chilton area. L.P. Fox became the bank's third President in 1935. He was the only bank President who was not a member of the institution's founding family. In 1937, the State Bank of Chilton moved to its' present location at 26 East Main Street. During 1937, T.E. Connell's son, A.B. Connell, was elected President. He became the bank's fourth President and was born the same day the State Bank originally opened its' doors. In 1948, a vacant lot was purchased across from the bank. The lot was developed into a parking lot for its' customers and is still used today. In 1959, the bank added auto banking to its' services offered. Today, three drive-up lanes are available, along with a drive-up automated teller machine (ATM) on premise and off premise at 1217 East Chestnut Street (Economart parking lot). In 1962, A.B. Connell's son-in-law, G.G. Bloomer, became the fifth President of the State Bank of Chilton. The bank was extensively remodeled and expanded in 1979. In 1982, G.G. Bloomer's son, Thomas A. Bloomer, was elected President of the State Bank of Chilton and serves in that capacity today. Calumet Bancorporation, Inc. (a one-bank holding company) was formed in 1985. In 1988, the State Bank of Chilton landscaped the property on the comer of Main and Madison Streets to include a message center and fountain. In 1996, a Trust Department was established. The bank also began offering alternative investments, as well as, discount brokerage services.