SIDELL STATE BANK

Sidell State Bank was established on January 1, 1934. Throughout its history, the institution underwent several important changes. On November 4, 1974, it officially changed its name to Sidell State Bank and relocated its main office to the intersection of Cauble and Chicago Streets in Sidell, Illinois. The bank continued to operate at this location until January 8, 2007, when its main office moved to 504 North Chicago Street, Sidell, Illinois. On January 14, 2005, Sidell State Bank expanded by acquiring the First National Bank in Homer, Illinois. However, a significant change occurred on August 14, 2015, when Sidell State Bank merged with The Edgar County Bank and Trust Company, located in Paris, Illinois. This merger ultimately led to a rebranding on August 1, 2017, when the institution changed its name to Prospect Bank.

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

DATEEVENT

1934-01-01Institution established. Original name: Sidell State Bank.

1974-11-04Changed Institution Name to Sidell State Bank.

1974-11-04Main Office moved to Cauble And Chicago Streets, Sidell, IL 61876.

2005-01-14Acquired First National Bank in Homer in Homer, IL.

2007-01-08Main Office moved to 504 North Chicago Street, Sidell, IL 61876.

2015-08-14Merged and became part of The Edgar County Bank and Trust Co., Paris, ILlinois (3722) in Paris, IL.

2017-08-01Changed Institution Name to Prospect Bank.