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First State Bank of St. Charles history
First State Bank of St. Charles company history timeline
Since 1867, First State Bank has never been bought out by – or merged with – another 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.
Welsch passed away on March 3, 1949.
January 15, 1959 — C.O. Harris, M.D. appointed Chairman of the Board and R.W. Hensel named president of the bank.
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.
Hitchins retired December 31, 1984.
The holding company was formed on January 1, 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.
January 14, 2008 — First State Bank moved into a newly constructed branch building in Bloomington, IL.
September 26, 2011 — First State Bank moved its St Charles West location to 2601 Oak Street, St Charles, IL.
December 3, 2012 — First State Bank opened a new branch in DeKalb, IL at 155 N. 3rd St, DeKalb, IL.
June 1, 2013 — First State Bank Streator facility moved to its newly constructed location at 115 Plaza Drive, Streator, IL.
Ranked as one of the top 100 healthiest community banks in the United States in 2014 (one of only three in the St Louis area). “Three St Louis-area banks rank among 200 Healthiest Community Banks in the United States” St Louis Business Journal
April 14, 2016 — Tri-County Financial Group, Inc. approved a stock split of 5 to 1 for shareholders of record.
July 1, 2018 — First State Bank agreed to sell First State Investment Services to Chris Eller.
May 20, 2019 — Tri-County Financial Group, Inc. begins trading on OTCQX under the symbol "TYFG." United States investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
March 20, 2020 — First State Bank acquired all of the deposits and assets of Gehant Bank, with branches in West Brooklyn and Triumph, Illinois.
November 14, 2020 — First State Bank moved its Batavia location to 875 N. Randall Road, Batavia, IL.
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First State Bank of St. Charles competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Arbor Bank | 1865 | $15.6M | 20 | - |
| Genesee Regional Bank | 1996 | $30.2M | 141 | 3 |
| First Federal Bank Of The Midwest | 1920 | $148.0M | 674 | - |
| Mid State Machinery Enterprises Inc | - | - | - | - |
| Pulaski Bank | 1922 | $68.0M | 500 | - |
| Northview Bank | - | $4.6M | 50 | 5 |
| First Northern Bank | 1910 | $56.7M | 230 | 11 |
| Torrington Savings Bank | 1868 | $26.1M | 80 | 7 |
| Country Bank | 1850 | $64.6M | 20 | 21 |
| Northern Credit Union | 1955 | $220,000 | 5 | 11 |
First State Bank of St. Charles history FAQs
Zippia gives an in-depth look into the details of First State Bank of St. Charles, including salaries, political affiliations, employee data, and more, in order to inform job seekers about First State Bank of St. Charles. The employee data is based on information from people who have self-reported their past or current employments at First State Bank of St. Charles. 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 of St. Charles. The data presented on this page does not represent the view of First State Bank of St. Charles and its employees or that of Zippia.
First State Bank of St. Charles may also be known as or be related to First State Bank of St Charles, First State Bank of St Charles (inc), First State Bank of St. Charles and First State Bank of St. Charles MO.