Illinois National Bank
Industry | Financial Services |
---|---|
Founded | 1999 |
Headquarters | Springfield, Illinois, USA |
Number of locations | 13; more than 25,000 ATMs nationwide |
Key people | Sarah Phalen, Pat Phalen, Tom Gihl, Brett Tiemann, John Wilson |
Services | Banking, Investments, Finance mortgages, Wealth Management, Tax services, Lockbox, Business and Personal banking |
Number of employees | Over 250 |
Website | http://www.illinoisnationalbank.com/ |
Illinois National Bank is a locally owned, privately held national bank based in Springfield, Illinois. It operates 13 branches and a remittance processing center in central Illinois.[1]
First generation
The original INB was established in 1886 in Springfield, Illinois. In 1989, the bank was sold to First of America Bank[2] and assumed that name on February 1, 1990.[3] In 1997, First of America was sold to National City Bank, which was in turn sold to PNC Bank in 2008.
Second generation
In 1999, a group of Springfield investors and former employees of the first INB came together to form the second generation INB. The new bank opened on June 21, 1999.[4][1] Beginning with one branch in downtown Springfield, the bank has grown to 13 branches in Central Illinois. INB acquired a remittance processing center in 2000; it is the largest in Illinois outside the Chicago area. In 2013, INB expanded outside the Springfield area by opening branches in Peoria and Bloomington. There is also a loan production office in Champaign.
Services
INB offers traditional banking products such as checking and savings accounts, mortgage and other loan services, and certificates of deposit; also retirement products like Individual Retirement Accounts (IRA), remittance processing services, and tax preparation services.
References
- 1 2 "Illinois National Bank (INB) History". illinoisnationalbank.com. Retrieved 23 December 2015.
- ↑ "Bloomington, IL Mortgage and Commercial Loans". illinoisnationalbank.com. Retrieved 23 December 2015.
- ↑ "InstitutionHistory". ffiec.gov. Retrieved 23 December 2015.
- ↑ "IRWeblink". snl.com. Retrieved 23 December 2015.