The First National Bank of Mulberry Grove was chartered in Mulberry Grove, Illinois, with $25,000 in capital. Two hundred fifty shares of stock were issued.
The bank opened operations in Mattoon, Illinois. In 1999, the Bank dropped “of Mulberry Grove” from its name. The original Charter was moved to Mattoon, Illinois in 2008.
The First National Bank purchased the trust assets of BankCentral Trust and established its trust department offering trust and investment services.
The assets of Lerna Banking Center, a branch of the Bank of Advance in Advance, Missouri were purchased. The First National Bank’s assets on December 21, 2015 were $84,701,000.00
The First National Bank anticipates the opening of its Wealth Management Center in early 2017. The building is under construction on Broadway Ave. East.
The philosophy of community banking is inherent in the directors, officers and employees of the Bank. A community bank’s success is founded in its ability to identify and service the financial needs of the people in the communities it serves.
Pride, loyalty, commitment, trust and dedication are important in the relationship between a Bank and its customers as well as the communities it serves. The directors, officers and employees of The First National Bank are committed to providing excellent, friendly customer service while remaining steadfast to these principles.