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Illini State Bank has a rich
history, which began in Tonica, Illinois. Tonica is a town with
population of approximately 700. In November, 1913 businessmen and
interested citizens came together, and applied to establish a bank.
Tonica State Bank opened for business on February 2, 1914. Through
consistent focus on customer service and economic development in the local
area, The Farmers State Bank of Lostant was acquired in 1983. In 1988,
Tonica State Bank and The Farmers State Bank of Lostant ceased to exist
under separate names. The names of the banks changed to reflect a unified
financial presence and were named the name we know it as today, Illini
State Bank. The officers, directors and personnel have worked together to
improve services and to offer a variety of products for our communities,
while anticipating the future needs, and expectations of our customers.
ISB Management anticipated growth North of Tonica. So in 1992, Illini
State Bank built a new facility on South Columbia Avenue in Oglesby,
Illinois. In 1998, the Oglesby facility was doubled in size to
accommodate increasing growth and to better serve our customers. This is
what helped bring the bank in Tonica from a "start from scratch" bank to
an institution with three locations and total assets of approximately
$85,000,000.
Illini State Bank Today
After nearly
100 years of service to the Illinois Valley area and the surrounding
counties, Illini State Bank remains a locally owned, run, and managed
bank. Unlike many of our competitors, all decisions are made by management
and a board of directors comprised of local people who know and understand
the local business climate, and the local market. Our goal has never
wavered from providing friendly and professional financial services to our
customers, residents, and businesses in our Community Reinvestment Act
(CRA) assessment. We're small enough to offer friendly, personal service,
but yet big enough to offer an array of professional financial services.
It is because of the integrity, astute business decisions, and support of
our many loyal customers that ISB has continued to be a financially sound
bank that is here to support our communities. |
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