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The bank was founded in 1964. [1] On September 9, 2010, the Federal Deposit Insurance Corporation issued an order against the bank, citing "unsafe or unsound banking practices". [2] In 2011, the bank was acquired by Wintrust Financial for $13.75 million in cash and stock and its branches were re-branded as St. Charles Bank & Trust Company. [1 ...
In May 2019, Wintrust acquired Rush-Oak Corporation, the parent company of Oak Bank, an Illinois state-chartered bank which had approximately $201 million in assets. [12] In October 2019, Wintrust acquired STC Bancshares Corp, the parent company of STC Capital Bank, an Illinois state-chartered bank with approximately $275 million in assets. [13]
In the United States, a state bank is a bank in a U.S. state that is chartered by the government of that state, as opposed to a national bank which is chartered at the federal level. [ 1 ] [ 2 ] Overview
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Home National Bank and Home National Savings and Trust were the main occupants, but they leased many of their new offices to other local businesses, opening at 70% capacity. Its completion of the city's first skyscraper was seen as the dawning of a new era for Elgin. The bank boasted state-of-the-art vaults, which were fireproof and burglar ...
Jodi Paige Williams is the new coach at Elgin High School. She graduated from Texas State and played two years for the Bobcats.