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First State Bank

Address:

706 Washington St, Mendota, IL 61342

Phone:

(815) 539-6731

Other Details:
On January 3, 1940, an application was made for permission to organize the First State Bank of Mendota, Ill., with a capital stock of $50,000, a surplus of $5,000 and a reserve account of $5,000 for duration of 99 years. The bank was established to be located at 706 Washington Street, which still serves as the bank s headquarters. A meeting of the shareholders of First State Bank was conducted on November 18, 1986, to vote upon the formation of a holding company type of ownership. The holding company was formed on January 1, 1987. The holding company for First State Bank is referred to as Tri-County Financial Group. First State Bank also houses First State Investment Services, a full-service investment center that offers securities exclusively through Investment Centers of America.

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