Full Text of HR0628 102nd General Assembly
HR0628 102ND GENERAL ASSEMBLY |
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| 1 | | HOUSE RESOLUTION
| 2 | | WHEREAS, The members of the Illinois House of | 3 | | Representatives wish to congratulate First National Bank & | 4 | | Trust Company on the occasion of its 150th anniversary; and
| 5 | | WHEREAS, First National Bank & Trust Company was granted | 6 | | its original charter under the name of DeWitt County National | 7 | | Bank on January 20, 1872, the charter it continues to operate | 8 | | under today; the bank was the first nationally chartered bank | 9 | | in DeWitt County; and
| 10 | | WHEREAS, DeWitt County National Bank was founded with the | 11 | | capital investment of $50,000 provided by Col. Thomas Snell, | 12 | | J. Thorton Snell, and William R. Carle, who became the bank's | 13 | | first president; and
| 14 | | WHEREAS, As time passed, DeWitt County National Bank | 15 | | opened a savings department in connection with its existing | 16 | | commercial department; the bank also underwent its first | 17 | | remodel and the addition of safe deposit boxes, a then-new | 18 | | feature to banking; it assumed the assets of the People's Bank | 19 | | of Clinton in 1925; and
| 20 | | WHEREAS, Under the leadership of President Richard Snell, | 21 | | DeWitt County National Bank survived a widespread panic that |
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| 1 | | ensued with the crash of the stock market in 1929 and the Great | 2 | | Depression; Thomas Snell Dinsmore, a grandson of one of the | 3 | | original founders, became president in 1936; the bank assumed | 4 | | the assets of the Farmer's and Merchant's Bank of Wapella in | 5 | | 1938; and
| 6 | | WHEREAS, DeWitt County National Bank continued to expand | 7 | | throughout the remainder of the 20th century; the bank | 8 | | continued to mirror the growth and modernization of the nation | 9 | | and doubled in size, adding four teller windows, a night | 10 | | depository, two additional vaults, and 500 safe deposit boxes | 11 | | in 1948; it underwent extensive remodeling in 1969 before | 12 | | building and opening a drive-up facility three years later; | 13 | | and
| 14 | | WHEREAS, DeWitt County National Bank's name changed to | 15 | | First National Bank & Trust Company in 1974 to reflect the | 16 | | addition of the trust department, which handles trusts, | 17 | | durable powers of attorney, land and insurance trusts, and | 18 | | estates; and
| 19 | | WHEREAS, The First National Bank & Trust Company | 20 | | celebrated its 125th year of serving DeWitt County in 1997; it | 21 | | added online banking to provide greater client access to their | 22 | | account information in a secure online environment in 2000; | 23 | | the bank moved locations from 400 South Side Square to its |
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| 1 | | current location on Kelli Court in Clinton in 2007; and
| 2 | | WHEREAS, First National Bank & Trust Company was acquired | 3 | | by the TS Banking Group in 2017, a multicharter bank holding | 4 | | company group with $1.5 billion in banking and fiduciary | 5 | | assets across Iowa, Illinois, North Dakota, Wisconsin, | 6 | | Nebraska, Colorado, and California; the TS Banking Group is | 7 | | headquartered in Treynor, Iowa, which is located in the Omaha, | 8 | | Nebraska MSA; and
| 9 | | WHEREAS, First National Bank & Trust Company acquired the | 10 | | State Bank of Arcadia in Wisconsin, with $210 million in | 11 | | assets, from B&E Investments on October 1, 2021, and this | 12 | | addition to the company has enhanced the bank's financial | 13 | | strength, competitive positioning, and talented employee base; | 14 | | and
| 15 | | WHEREAS, First National Bank & Trust Company, as a | 16 | | community bank, is an integral part of both the local | 17 | | community and economy; the bank is dedicated to community | 18 | | reinvestment and gives 10% of its net income back to the | 19 | | community; it is also committed to teaching financial | 20 | | literacy, hosting educational events, and partnering with | 21 | | local organizations and nonprofits; and
| 22 | | WHEREAS, Today, First National Bank & Trust Company has |
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| 1 | | five locations in Illinois and Wisconsin, employs | 2 | | approximately 50 local people, and possesses $400 million in | 3 | | assets; it offers a full line of products and services that are | 4 | | designed to meet the financial needs of consumers and | 5 | | businesses and remains committed to providing the most | 6 | | advanced, secure, and user-friendly bank technology, service | 7 | | from a knowledgeable team, and innovative tools in combination | 8 | | with the comfort of personalized service from a local bank; | 9 | | therefore, be it
| 10 | | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE | 11 | | HUNDRED SECOND GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that | 12 | | we congratulate First National Bank & Trust Company on its | 13 | | 150th anniversary and wish the bank continued success; and be | 14 | | it further
| 15 | | RESOLVED, That a suitable copy of this resolution be | 16 | | presented to President Josh Shofner of First National Bank & | 17 | | Trust Company as an expression of our esteem and respect.
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