Rochester State Bank

Rochester State Bank was established on October 11, 1912. Initially functioning as a member of the Federal Reserve System, the bank underwent a series of regulatory changes, including a shift to a state-chartered bank classification in 1936. On June 11, 1936, it changed its primary federal regulatory agency to the Federal Reserve, becoming a member of the system. After withdrawing from the Federal Reserve membership in 1963, the bank transitioned to being regulated by the Federal Deposit Insurance Corporation (FDIC), which became its primary regulatory agency on November 6, 1963. The main office was relocated to 133 North John Street in Rochester, Illinois on April 12, 1976. In a significant development, Rochester State Bank merged with American Bank of Missouri on July 9, 2021. Subsequently, on October 16, 2023, the institution changed its name to American Bank of Freedom, reflecting its new identity under the American Bank brand.

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

1912-10-11Institution established. Original name: Rochester State Bank.

1936-06-11Institution becomes member of the Federal Reserve System.

1936-06-11Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

1936-06-11Changed Primary Federal Regulatory Agency to FED.

1963-11-06Institution withdraws from membership in the Federal Reserve System.

1963-11-06Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

1963-11-06Changed Primary Federal Regulatory Agency to FDIC.

1976-04-12Main Office moved to 133 North John Street, Rochester, IL 62563.

2021-07-09Merged and became part of American Bank of Missouri (15423) in Wellsville, MO.

2023-10-16Changed Institution Name to American Bank of Freedom.