HR1231 96TH GENERAL ASSEMBLY

HR1231 LRB096 22270 GRL 41180 r

HOUSE RESOLUTION

WHEREAS, The concept of today's savings banks and savings and loan associations, formerly known as building and loan associations, has been in effect in the State of Illinois since July 1, 1872, when the General Assembly passed an act to enable a group of individuals to raise funds for loan purposes among its members; and

WHEREAS, Savings banks have grown and prospered over the years, becoming strong financial institutions that contribute to the betterment of their communities in the process; and

WHEREAS, The Eureka Savings Bank of LaSalle, chartered on April 16, 1885, is celebrating 125 years of continuous existence in 2010; this organization has served as a bulwark of confidence and strength for the entire Illinois Valley community and has weathered depressions, financial crises, and other calamities that have plagued the nation throughout the last 125 years; therefore, be it

RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE NINETY-SIXTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we congratulate the board and employees of the Eureka Savings Bank on the occasion of the organization's 125th anniversary and wish them continued success and happiness in the future; and be it further

RESOLVED, That a suitable copy of this resolution be presented to the Eureka Savings Bank as a symbol of our esteem and respect.