Bill Text: IL HR0628 | 2021-2022 | 102nd General Assembly | Introduced
Bill Title: Congratulates First National Bank & Trust Company on its 150th anniversary and wishes the bank continued success.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2022-02-15 - Resolution Adopted [HR0628 Detail]
Download: Illinois-2021-HR0628-Introduced.html
| |||||||
| |||||||
| |||||||
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 |
| |||||||
| |||||||
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 |
| |||||||
| |||||||
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 |
| |||||||
| |||||||
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.
|