State Bank of Arthur

State Bank of Arthur was established on May 11, 1910. Originally, it operated under its founding name until significant changes occurred in the early 1940s. On June 19, 1941, the bank changed its primary federal regulatory agency to the Federal Reserve and became a state-chartered bank, subsequently joining the Federal Reserve System. The main office was relocated to 411 South Vine Street in Arthur, Illinois, on January 15, 1974. After serving the local community for more than a century, State Bank of Arthur merged with Morton Community Bank on October 6, 2017, becoming part of this larger banking institution based in Morton, Illinois.

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

1910-05-11Institution established. Original name: State Bank of Arthur.

1941-06-19Institution becomes member of the Federal Reserve System.

1941-06-19Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

1941-06-19Changed Primary Federal Regulatory Agency to FED.

1974-01-15Main Office moved to 411 South Vine Street, Arthur, IL 61911.

2017-10-06Merged and became part of Morton Community Bank (18429) in Morton, IL.