Merchants and Manufacturers Bank

Merchants and Manufacturers Bank was initially established as East Joliet Bank in Joliet, Illinois, on September 24, 1969. The institution underwent a series of name changes and restructurings throughout its history. On April 19, 1979, it changed its name to East Joliet Bank, followed by another name change to Westbank/Will County on March 20, 1987. In the same year, the bank's trust powers were modified to limited. It further transitioned to Bank of Joliet on May 1, 1993, and subsequently, on February 19, 1997, changed its trust powers to none. The bank rebranded as Merchants and Manufacturers Bank on September 1, 2000. Merchants and Manufacturers Bank expanded its operations by acquiring First Bank of Channahon on September 24, 1988. Ultimately, the bank merged with Busey Bank based in Champaign, Illinois, on June 21, 2024, concluding its independent operations.

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

1969-09-24Institution established. Original name: East Joliet Bank.

1979-04-19Changed Institution Name to East Joliet Bank.

1987-03-20Changed Institution Name to Westbank/Will County.

1987-09-10Changed Trust Powers to Limited.

1988-09-24Acquired First Bank of Channahon in Channahon, IL.

1993-05-01Changed Institution Name to Bank of Joliet.

1997-02-19Changed Trust Powers to None.

2000-09-01Changed Institution Name to Merchants and Manufacturers Bank.

2024-06-21Merged and became part of Busey Bank in Champaign, IL.