People's State Bank

Status:Inactive as of 10/20/2006
 Merger - Without Assistance
Successor Bank:Morton Community Bank
Headquarters:People's State Bank
105 South Adams
Manito, IL 61546
Established:10/31/1905
FDIC Insurance:01/01/1934
FDIC Cert:#10436
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$47,855,000
Total Deposits:$39,269,000

History

1905-10-31Institution established: Original name:People's State Bank
2002-01-02Reorganized.
2006-10-20Merged into and subsequently operated as part of Morton Community Bank (18429) in MORTON, IL
2008-03-21Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2008-03-21Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
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 primary regulatory agency from FEDERAL RESERVE BOARD to FEDERAL DEPOSIT INSURANCE CORPORATION
2015-08-18Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
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 (2006-09-30 and Older)