IL HR1413

Illinois House of Representatives congratulates Jacksonville Savings Bank on its 100th anniversary in 2016.

Bank was originally organized on October 16, 1916, as Jacksonville Savings and Loan Association by 10 community leaders with the goal of helping residents finance home purchases.

Bank expanded through acquisition of Litchfield Community Savings in 1997 and merger with Chapin State Bank in 2000, adding trust powers and agricultural lending capabilities.

Charter changed from state-chartered savings and loan association to state-chartered savings bank on July 24, 1992; converted to public stock holding company structure on July 14, 2010.

House directs a suitable copy of the resolution be presented to Jacksonville Savings Bank as a symbol of esteem and respect.