Madison, IN Sunny intervals 90°
Listen Live

Construction Underway For New Friendship State Bank On Demaree Drive

Bank on Solar Energy for New Location

Backhoes, concrete trucks, and construction equipment have returned to Demaree Drive on Madison’s hilltop. This time they are building The Friendship State Bank’s and Friendship Insurance’s permanent home in Madison.

The Friendship State Bank opened their 8th branch office in Madison three years ago, due to popular demand for community banking with a local base.

“Community banks are vital to the economic prosperity of a small towns, and we wanted to be there for the residents of Madison,” CEO Chris Meyer said. “Decisions are made locally, and you know who you are talking to every time you walk in the door. We took a chance when we came here three years ago and have been welcomed with open arms. So much so, that we need additional space.”

The bank began moving dirt in June on the lot purchased adjacent to the location they have been leasing at 301 Demaree Drive.

“We are excited to keep Demaree Drive growing,” Meyer said. “It is a great connector between Old Michigan and Clifty Drive. There is a new car dealership here and we are right around the corner from everything that is convenient – Kroger, Planet Fitness, Walmart, Lowes, Tractor Supply, and Ivy Tech.”

Friendship leadership put a lot of thought into the bank’s new location as well as the building design.

“We really try to reflect the community we are a part of, from the people working inside to the building design,” Meyer shared. “We have good, local people working on the building process and our desire is to reflect what this town is all about. There is a river that runs through our town. We have cliffs, rocks, grass, and stone. There is the sense pride, community, and connectedness. We wanted to reflect that and believe you will be in for a treat when the branch is complete.

In addition to a unique and local look, the financial institution is taking a progressive approach to powering the branch. It will also be the first commercial building in Madison powered by solar energy.

“We are headquartered in the valley of Friendship and are surrounded by nature. Laughery Creek is right outside our back door. If we don’t reduce our consumption of energy, then we must find new ways of procuring it,” Meyer said. “Our engineers and architects knew from the start that this was going to be a solar powered building. Every bit of the design of the structure, inside and out, took into account low energy consumption.”

Leadership anticipates the project to be complete in the first quarter of 2020. The Friendship State Bank will remain open at their current location at 301 Demaree Drive throughout the entire project.

The Friendship State Bank is a member FDIC.

More from Local News


  • Carroll County Career Services

    Job Seeker Services- Focus Career Job Search Portal, Interview Assistance, Job Fairs and Hiring Events, Youth and Young Adult Career Options Employer Services- Direct Access to Local Job Seekers for Employers, Talent Recruitment Assistance, Pre-screening, Assessment and Hiring Support, Job Posting on FOCUS Talent Job Search Portal Education and Training- Soft Skills Workshops, Workforce Innovation and Opportunity Act Grant Funding, Career Training and Exploration Career Readiness- Resume and Cover Letter Services, Letter of Disclosure, Federal Bonding Walk in Hours: Wednesday-Thursday 8am-4:30pm Monday, Tuesday, and Friday by appointment Visit for more information

    at Kentucky Career Center
  • Summer Reading Program Kids and Teens

    Read for fun this summer and you could win big! The library is hosting our annual summer reading program for all ages! Children earn prizes for every eight books or two hours of reading up to 32 books/8hrs. Read more for more chances to win local gift certificates. Young Adults ages 11-18 earn free book prizes for every five hours read and the chance to win a weekly drawing. Participants do not need to register! Simply complete reading logs and then use the Reading Log Entry Google Forms to submit entries. Contact the library if you would prefer a paper reading log or would like help submitting your reading progress. Prize pick-ups arranged through google forms or by contacting the library. Visit or the Summer Reading Facebook Page: JCPL Summer Reading for more details.

    at Madison Public Library

Local News

Boy Scouts of America Recalls Cub Scout Activity Pins Due to Violation of the Federal Lead Content Ban

Consumers should immediately take the recalled pin away from children and return the pin to any Boy Scouts of America retail store.

Crystal Beach to Revert to Single All Day Session

The pool will open every day at 9:30 a.m. to 11:00 a.m. for senior swim only.

Local Sports

Madison Cubs earn esteemed IHSAA Sportsmanship Award

Madison Consolidated High School is one of 23 schools from across the state to be named a winner for the recently completed academic year.

Susan Nolting Burke Highlights 50 Years of Women's Athletics Celebration

Burke was inducted into the Hanover College Athletic Hal of Fame in 2007.

Shawe High School Softball Coach Announces Resignation

We wish him the best of luck in his future endeavors and hope that he will always remain one of our biggest fans.