Freedom Bank

Status:Inactive as of 03/08/2014
 Merger - Without Assistance
Successor Bank:Illinois Bank & Trust
Headquarters:Freedom Bank
2403 North Locust Street
Sterling, IL 61081
Established:01/01/1891
FDIC Insurance:01/01/1934
FDIC Cert:#11705
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$65,532,000
Total Deposits:$52,089,000

History

1891-01-01Institution established: Original name:State Bank of Seaton
2003-01-14Reorganized.
2006-02-06Changed name to Freedom Bank
2006-02-06Moved bank headquarters from SEATON, IL to STERLING, IL
2014-03-08Merged into and subsequently operated as part of Riverside Community Bank (34076) in ROCKFORD, IL
2014-09-13Changed name to Illinois Bank & Trust (34076)
2015-01-24Acquired Galena State Bank & Trust Co. (19660) in GALENA, IL
2019-11-30Acquired Rockford Bank and Trust Company (57927) in ROCKFORD, IL
2021-01-01Moved bank headquarters from 4571 Guilford Rd, Rockford, IL to 4571 Guilford Rd, Rockford, IL.

Financial Information (2013-12-31 and Older)