Labor Retreat Apartments

Our SBC team is honored to be participating with Colliers Funding and Vitus Development in the refinancing of Labor Retreat Apartments, a much needed low income senior housing facility in the heart of the Marcy- Holmes neighborhood in Minneapolis. Celebrating 119 years, this small town bank continues its dedication to community! #affordablehousing #economicdevelopment #community

COVID-19 Update.

November 17, 2020

For information on the SBA PPP program

We’re in this together.

As we experience a spike in COVID-19 infections across the US, we are changing how we interact with you our customers. We ask that everyone be patient during this period, and as with all the bad news also comes much good news. The vaccine initiative, aka Project Warp Speed, has resulted in two vaccines both with greater than 90% efficacy rates. According to the most recent press reports, these vaccines could be available to Americans beginning as early as January 2021. This is truly a demonstration of both American ingenuity and the can do spirit of women and men working long hours behind the scenes to make these vaccines a reality.


  • Our lobby hours will remain 10:00am–2:00pm, Monday-Friday. We reserve the right to limit the number of customers in our lobby at any one time
  • If you are coming inside the branch, you are required to wear a face covering or mask. If you do not have one, we will provide you with a clean disposable mask. Please have your ID ready to present as needed upon entering the lobby
  • We have social distancing markers on the floor to ensure customers are 6 feet apart. Please continue to use our night drop, online banking, or ATM network for less complex transactions

Ways to Access Your Account

We encourage you to take advantage of State Bank of Ceylon’s digital tools to complete your banking transactions. You can access your accounts online from your computer 24 hours a day, 7 days a week.

A bank committed to help our communities flourish.

For over a century (founded in 1901), we have been proudly serving our local community. But our community is changing and so we are changing to remain relevant to the evolving needs of our clients. Over the coming months we will be revamping our product offering, technology, and much more. Although many things about the State Bank of Ceylon will change, our values and passion to give our customers the best possible service remains the same.

Matt Bank Location on Map

The financial solutions you need to support the more important things in your life.

Here at State Bank of Ceylon, our mission is to provide simple and workable financial solutions for our unique and changing communities. We are not your typical bank. We are a community bank that abides by the philosophy that more families and communities should have access to credit in order to pursue the American dream of ownership in homes & businesses and maximize their contribution to our shared economy. Our core values include solidarity: taking a team approach to accomplish more together; and human dignity: recognizing the uniqueness of every individual. We were founded in 1901 on personal service & customer care and we still live by those principles today. Please stop in or reach out to our friendly staff to discuss your individual banking needs.

Open an account with us today and experience
Banking that Matters.