Mt. Zion State Bank

Status:Inactive as of 11/04/1988
 Absorption - Assisted
Successor Bank:Prairie State Bank and Trust
Headquarters:Mt. Zion State Bank
340 Main Street
Mt Zion, IL 62549
Established:07/01/1908
FDIC Insurance:01/01/1934
FDIC Cert:#10836
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$26,444,000
Total Deposits:$25,661,000

History

1908-07-01Institution established: Original name:Mt. Zion State Bank
1988-11-04Failed. Acquired with government financial assistance and subsequently operated as part of Mount Zion State Bank and Trust Company (27362)
1988-11-04Institution established: Original name:Mount Zion State Bank and Trust Company (27362)
1997-01-18Changed name to Prairie State Bank and Trust (27362)
1997-01-18Acquired First Springfield Bank & Trust (8497) in SPRINGFIELD, IL
2000-09-21Acquired Farmers and Traders State Bank of Meredosia (5725) in MEREDOSIA, IL
2007-12-08Acquired The Farmers and Merchants State Bank of Virden, Illinois (12705) in VIRDEN, IL
2007-12-08Acquired The Bank (21164) in CHARLESTON, IL
2011-12-10Acquired Farmers State Bank of Fulton County (23866) in LEWISTOWN, IL
2014-10-07Moved bank headquarters from MOUNT ZION, IL to SPRINGFIELD, IL