Jacksonville Savings Bank

Jacksonville Savings Bank was established on January 1, 1917, originally operating under the name Jacksonville Savings and Loan Association. In 1992, the institution changed its name to Jacksonville Savings Bank and transitioned from a Mutual Savings Bank to a Stock Savings Bank. The bank expanded its operations over the years, acquiring Litchfield Community Savings, S.B. in Litchfield, Illinois, on January 3, 1997, and acquiring Chapin State Bank in Chapin, Illinois, on July 3, 2000. In April 2000, Jacksonville Savings Bank redefined its trust powers to a limited status. The main office was relocated to 1211 West Morton Avenue in Jacksonville, Illinois, on July 26, 1995. Ultimately, on February 15, 2019, Jacksonville Savings Bank merged with CNB Bank and Trust, N.A., and ceased to operate as an independent entity.

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

1917-01-01Institution established. Original name: Jacksonville Savings and Loan Association.

1992-07-24Changed Organization Type to Mutual Savings Bank.

1992-07-24Changed Institution Name to Jacksonville Savings Bank.

1995-04-20Changed Organization Type to Stock Savings Bank.

1995-07-26Main Office moved to 1211 West Morton Avenue, Jacksonville, IL 62650.

1997-01-03Acquired Litchfield Community Savings, S.b. in Litchfield, IL.

2000-04-17Changed Trust Powers to Limited.

2000-07-03Acquired Chapin State Bank in Chapin, IL.

2019-02-15Merged and became part of Cnb Bank and Trust, N.a. (3775) in Carlinville, IL.