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The Moline, Illinois-based bank had approximately $340 million in assets and six offices in the Illinois-Iowa Quad Cities and the State Line (Rockford/Beloit) region of Illinois and Wisconsin. In January, 2024, the Joy, Illinois branch office of Farmers-Merchants Bank of Illinois merged into CBI Bank & Trust.
The company traces its history to the Great Depression in the 1930s, when the Iowa chapter of the Farm Bureau established Farm Bureau Mutual Insurance Company in 1939 to sell insurance to farmers. [3] Farm Bureau Life Insurance Company was founded as Iowa Life Insurance Company on October 30, 1944, and opened for business in 1945. [citation needed]
Farmers and Merchants Savings Bank was founded in 1912. It was originally located in the Dugan's Saloon building which is diagonally across the street from the present building. [2] The land on which the bank now sits was purchased in 1919, and the Lytle Company of Sioux City, Iowa drew up the plans in 1921. The present building was constructed ...
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QCR Holdings announced an agreement to sell its Rockford subsidiary, Rockford Bank and Trust, to Heartland Financial USA, Inc. subsidiary Illinois Bank & Trust on August 13, 2019. [6] The sale closed on November 30, 2019 [7] and the bank's systems conversion occurred on February 7, 2020. [8] In 2022, QCR Holdings acquired Guaranty Federal ...
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Farmers and Merchants Bank, Columbus, Wisconsin (1919) Henry Adams Building, Algona, Iowa (1913) Home Building Association Company, Newark, Ohio (1914) National Farmer's Bank, Owatonna, Minnesota (1908) People's Federal Savings and Loan Association, Sidney, Ohio (1918) Peoples Savings Bank, Cedar Rapids, Iowa (1912)
Spencer is a city in the state of Iowa, United States, and the county seat of Clay County. [2] It is located at the confluence of the Little Sioux and Ocheyedan rivers. The population was 11,325 in the 2020 census, an increase from 11,317 in 2000. [3] Spencer hosts the Clay County Fair, held annually in September and averaging more than 300,000 ...