SENB Bank

SENB Bank, originally established as Southeast National Bank on December 17, 1999, commenced operations with a focus on providing banking services to the community of Moline, Illinois. The bank underwent a name change to Southeast National Bank on the same day it was established. In 2000, it expanded its service offerings by gaining full trust powers. The institution's evolution continued in December 2017, when it shifted regulatory oversight to the Federal Deposit Insurance Corporation (FDIC), altered its chartering agency to State, and rebranded itself as SENB Bank. That month, the bank also moved its main office to 3535 23rd Avenue, Moline, Illinois. In September 2014, SENB Bank expanded its footprint further by acquiring Buffalo Savings Bank located in Buffalo, Iowa. This expansion continued on April 1, 2019, when SENB Bank acquired Gateway Community Bank in Roscoe, Illinois. Throughout its history, SENB Bank has transitioned from being a member of the Federal Reserve System to a state-chartered bank.

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

1999-12-17Institution established. Original name: Southeast National Bank.

1999-12-17Changed Institution Name to Southeast National Bank.

1999-12-17Acquired Southeast National Bank of Moline in Moline, IL.

2000-02-24Changed Trust Powers to Full.

2014-09-15Acquired Buffalo Savings Bank in Buffalo, IA.

2017-12-26Main Office moved to 3535 23rd Avenue, Moline, IL 61265.

2017-12-27Institution withdraws from membership in the Federal Reserve System.

2017-12-27Changed Chartering Agency to State.

2017-12-27Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

2017-12-27Changed Primary Federal Regulatory Agency to FDIC.

2017-12-27Changed Institution Name to Senb Bank.

2019-04-01Acquired Gateway Community Bank in Roscoe, IL.