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First State Bank and Trust history
First State Bank and Trust company history timeline
First State Bank & Trust opened its door on February 13, 1926, after a group of local investors received a charter for Commercial State Bank.
May 20, 1940 — the stock was fully subscribed and stockholders were notified of a special meeting to be held June 12, 1940, for the purpose of electing a board of directors.
January 15, 1942 — The first annual stockholders' meeting was conducted and the directors from the previous year were re-elected with Allen H. Prescott replacing Frank J. Schwarz.
August 3, 1948 — Raymond Hensel took full charge of the bank after Edward J. Welsch became ill.
Welsch passed away on March 3, 1949.
January 16, 1958 — R.W. Hensel elected director and appointed Executive Vice President.
January 15, 1959 — C.O. Harris, M.D. appointed Chairman of the Board and R.W. Hensel named president of the bank.
January 17, 1963 — First State Bank purchased The Harbaugh & McNabb building, Frieda and Harold Schartlein building, and the Srul and Ethel Koopersmith building for future remodeling projects.
July 15, 1964 — Just before First State Bank's 25th anniversary, the John A. Gustafson Construction Co. of Rockford, Illinois was given a contract to finish remodeling the banking quarters and building.
January 1, 1985 — Robert R. Ritter named bank president, trust officer, and chief executive officer.
The holding company was formed on January 1, 1987.
Our Trust Services Department, established in 1987, holds over $4 billion in assets.
The drive-in windows on the west side of the Main Bank were removed and replaced by an addition to house the Trust Department.Directors, deciding to add bank branches to the surrounding communities, purchased what is today the Ray Branch in 1987.
October 1, 1994 — Timothy J. McConville was named president, trust officer, and chief executive officer.
To facilitate this growth and help to improve service in this market, a new bank was built on Venture Drive in Peru, which opened in October 1996.
June 24, 1998 — First State Bank took into its holding company, Tri-County Financial Group, the Farmers State Bank of McNabb with assets of $27 million.
Located in Mendota, IL., this full service insurance agency was very quickly joined by an Earlville, IL., presence with the January 1, 2003 purchase of the Miller-Rowe agency.
September 6, 2005 — First State Bank opened a full service branch location in Bloomington, IL.
March 15, 2011 — First State Bank acquired Mortgage Services 3 as a wholly owned subsidiary.
June 8, 2012 — First State Bank acquired all of the deposits and assets of Farmers and Traders State Bank with branches in Shabbona and Waterman, Illinois.
May 15, 2013 — First State Bank opened a new branch in Naperville, IL at 3320 S. Route 59, Naperville, IL.
June 24, 2013 — First State Bank acquired Lincoln State Bank in Rochelle, IL. The branch is located at 304 E. Highway 38, Rochelle, IL.
August 2016 — First State Bank opened a full service branch location in Princeton, IL. The branch is located at 680 W. Peru St, Princeton, IL
February 19, 2019 — First State Bank Princeton facility moved to its newly constructed location at 1693 North Main., Princeton, IL.
February 4, 2020 — First State Bank debuted a new brand identity including a new logo and colors.
June 12, 2020 — First State Bank closed its St Charles East location and combined operations run out of 2601 Oak Street, St Charles, IL.
August 16, 2021 — First State Bank opened a loan production office in Champaign, IL.
2021 - FSB&T acquires Two Rivers Bank of Blair and Arlington
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First State Bank and Trust competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| BancFirst | 1984 | $237.0M | 1,501 | 67 |
| Columbia Bank | 1993 | $630.2M | 2,260 | 579 |
| Farmers & Merchants Bank | 1907 | $70.0M | 815 | 79 |
| Farmers National Bank | 1887 | $154.7M | 550 | 31 |
| Citizens National Bank (henderson, Tx) | - | $85.8M | 107 | - |
| Randolph Savings Bank | 1851 | $56.0M | 186 | - |
| Alpine Bank | 1973 | $180.0M | 526 | 27 |
| Community Trust Ban | 1903 | $210.0M | 750 | 21 |
| First State Community Bank | 1954 | $54.0M | 230 | 42 |
| Dacotah Bank | 1964 | $117.3M | 2 | 19 |
First State Bank and Trust history FAQs
Zippia gives an in-depth look into the details of First State Bank and Trust, including salaries, political affiliations, employee data, and more, in order to inform job seekers about First State Bank and Trust. The employee data is based on information from people who have self-reported their past or current employments at First State Bank and Trust. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by First State Bank and Trust. The data presented on this page does not represent the view of First State Bank and Trust and its employees or that of Zippia.
First State Bank and Trust may also be known as or be related to First Aid & Trust, First State Bank & Trust, First State Bank And Trust and First State Bank and Trust.