First State Bank, a locally owned and operated financial institution, announced it has reached $1 billion in assets.
First State Bank opened in July 1940 with the first location in Mendota. The officers appointed at the first organizational meeting were C.O. Harris, M.D., president; J.P. Gallagher, vice president; E.J. Welsch, cashier; and A.A. Landgraf, assistant cashier.
Over the past 77 years, the bank has grown to include 19 branch locations serving north central Illinois.
Timothy J. McConville, president and CEO of First State Bank, said: “We have a tremendous story to tell. We have grown to be one of the Midwest’s strongest banks while maintaining our community roots. Our customer service integrity and our commitment to the latest in technology and security combine to make the products and services we provide second to none.
“We want to thank all of our customers for helping us get to this important milestone.”