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Marketplace

First State Bank assets reach $1 billion

First State Bank, a locally owned and operated financial institution, announced it has reached $1 billion in assets.

First State Bank opened in July 1940 with the first location in Mendota. The officers appointed at the first organizational meeting were C.O. Harris, M.D., president; J.P. Gallagher, vice president; E.J. Welsch, cashier; and A.A. Landgraf, assistant cashier. Over the last 77 years, the bank has grown to now include 19 branch locations serving north central Illinois.

“We have a tremendous story to tell,” Timothy J. McConville, president and CEO of First State Bank, said in a news release. “We have grown to be one of the Midwest’s strongest banks while maintaining our community roots. ... We want to thank all of our customers for helping us get to this important milestone.”

For more information, visit First State Bank at www.firststatebank.biz.

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