State Bank of Cerro Gordo

The State Bank of Cerro Gordo was established on May 24, 1894, originally operating under the name The American Bank. Over the years, the institution underwent several significant changes, including a transition to full trust powers on July 1, 1973, and a withdrawal from membership in the Federal Reserve System on February 22, 1974. On October 17, 2002, the bank acquired the Cerro Gordo Building and Loan and subsequently changed its name to the State Bank of Cerro Gordo. In 2009, the bank's main office relocated to 101 South Madison Street, Cerro Gordo, Illinois. The bank's operations came to an end when it merged with the State Bank of Bement in Bement, Illinois, on April 1, 2022.

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

1894-05-24Institution established. Original name: The American Bank.

1973-07-01Changed Trust Powers to Full.

1974-02-22Institution withdraws from membership in the Federal Reserve System.

2002-10-17Changed Institution Name to State Bank of Cerro Gordo.

2002-10-17Acquired Cerro Gordo Building and Loan, s.b. in Cerro Gordo, IL.

2009-05-06Main Office moved to 101 South Madison Street, Cerro Gordo, IL 61818.

2022-04-01Merged and became part of State Bank of Bement in Bement, IL.