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Sherman Community Bank & Trust Company

Status:Inactive as of 05/31/1988
 Absorption - Without Assistance
Successor Bank:Auburn Peoples Bank
Headquarters:Sherman Community Bank & Trust Company
Andrew Road
Sherman, IL 62684
Established:11/16/1979
FDIC Insurance:11/16/1979
FDIC Cert:#22983
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$10,326,000
Total Deposits:$9,403,000

History

1979-11-16Institution established: Original name:Sherman Community Bank
1987-02-09Changed name to Sherman Community Bank & Trust Company
1988-05-31Acquired Mechanicsburg Citizens Bank & Trust Company (23366) in MECHANICSBURG, IL
1988-05-31Acquired American Bank & Trust Company (20886) in SPRINGFIELD, IL
1988-05-31Merged into and subsequently operated as part of Auburn Peoples Bank (22367) in AUBURN, IL
1988-05-31Acquired Community Bank of Divernon (18938) in DIVERNON, IL
1988-05-31Merged into and subsequently operated as part of Illini Bank of Sangamon County (19980) in SPRINGFIELD, IL
1990-10-24Changed name to Illini Bank (19980)
1993-11-04Acquired Illini Bank - North (24632) in DANVERS, IL
1993-11-04Acquired Illini Bank-East (25265) in COFFEEN, IL
1993-11-04Acquired Illini Bank of Menard County (19493) in PETERSBURG, IL
2017-06-23Acquired Farmers State Bank of Camp Point (12091) in CAMP POINT, IL
2017-06-23Acquired Illini Bank (19980) in SPRINGFIELD, IL
2017-06-23Merged into and subsequently operated as part of United Community Bank (19459) in CHATHAM, IL
2018-03-10Acquired Liberty Bank (33873) in ALTON, IL
2019-04-06Acquired Mercantile Bank (11301) in QUINCY, IL
2021-01-26Change trust powers from Limited to Full.