The State Bank of Blue Mound

The State Bank of Blue Mound was established on October 12, 1912. Initially, it operated under its original name until it became a state-chartered bank, a member of the Federal Reserve System, on July 1, 1941. This change also involved a shift in its primary federal regulatory agency. On May 15, 1984, the bank changed its trust powers to full and relocated its main office to Main Street in Blue Mound, Illinois. Subsequently, on June 2, 2010, the main office was moved again to 202 North Saint Marie Street, also in Blue Mound. The institution later merged with First National Bank of Pana on October 30, 2015, becoming part of that entity based in Pana, Illinois.

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

1912-10-12Institution established. Original name: The State Bank of Blue Mound.

1941-07-01Institution becomes member of the Federal Reserve System.

1941-07-01Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

1941-07-01Changed Primary Federal Regulatory Agency to FED.

1984-05-15Main Office moved to Main Street, Blue Mound, IL 62513.

1984-05-15Changed Trust Powers to Full.

2010-06-02Main Office moved to 202 North Saint Marie Street, Blue Mound, IL 62513.

2015-10-30Merged and became part of First National Bank of Pana in Pana, IL.