FIRST SAVANNA SAVINGS BANK

First Savanna Savings Bank was established in 1886 under the original name Savanna S Building and Loan Association. Over the years, the institution underwent several significant changes. On January 21, 1997, it changed its organization type to a mutual savings bank and simultaneously adopted the name First Savanna Savings Bank. That same day, it transitioned to being regulated by the Federal Deposit Insurance Corporation (FDIC). After many years of operation, on January 20, 2023, First Savanna Savings Bank merged with Citizens State Bank located in Lena, Illinois, and changed its organization type to a stock savings bank as part of this merger.

Below is a list of some important events in banks history, including mergers and acquisitions.

DATEEVENT

1886-01-01Institution established. Original name: Savanna S Building and Loan Association.

1997-01-21Changed Institution Name to First Savanna Savings Bank.

1997-01-21Changed Organization Type to Mutual Savings Bank.

1997-01-21Changed Primary Federal Regulatory Agency to FDIC.

2023-01-20Changed Organization Type to Stock Savings Bank.

2023-01-20Merged and became part of Citizens State Bank in Lena, IL.