Pekin Savings Bank

Status:Inactive as of 12/08/2005
 Merger - Without Assistance
Successor Bank:Morton Community Bank
Headquarters:Pekin Savings Bank
601 Court St
Pekin, IL 61554
Established:01/01/1882
FDIC Insurance:08/09/1989
FDIC Cert:#30775
Charter Class:
Total Assets:$119,230,000
Total Deposits:$94,744,000

History

1882-01-01Institution established: Original name:Pekin Savings and Loan Association
1992-09-29Changed organization type to STOCK SAVINGS & LOAN
1994-01-27Changed organization type to STOCK SAVINGS BANK
1994-01-27Changed name to Pekin Savings, s.b.
1994-01-27Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
1997-10-21Changed name to Pekin Savings Bank
2005-12-08Merged into and subsequently operated as part of Morton Community Bank (18429) in MORTON, IL
2006-10-20Acquired People's State Bank (10436) in MANITO, IL
2008-03-21Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
2008-03-21Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2008-09-05Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
2008-09-06Acquired Alpha Community Bank (10790) in TOLUCA, IL
2009-05-22Acquired Citizens National Bank (5757) in MACOMB, IL as part of a government assisted transaction.
2010-08-14Acquired Tremont Savings Bank (31369) in TREMONT, IL
2010-12-10Acquired Citizens State Bank of Cropsey (10430) in CROPSEY, IL
2015-08-18Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2015-08-18Changed primary regulatory agency from FEDERAL RESERVE BOARD to FEDERAL DEPOSIT INSURANCE CORPORATION
2016-07-08Acquired Heritage Bank of Central Illinois (12554) in TRIVOLI, IL
2017-10-06Acquired State Bank of Arthur (1800) in ARTHUR, IL
2018-03-17Acquired State Bank of Speer (10825) in SPEER, IL
2019-12-06Acquired First Trust & Savings Bank of Albany, Illinois (5754) in ALBANY, IL

Financial Information (2005-09-30 and Older)