The Farmers State Bank and Trust Company has been proudly serving the Morgan County Community for over 100 years.
The Farmers State Bank and Trust Company was organized in 1910 under a charter issued by the State of Illinois. Upon subscribing the necessary capital, a group of prominent businessmen and farmers in the Morgan County Community officially opened the bank for business on January 4, 1911. The original officers of the Bank were Arthur L. French, President; D. Rees Browning, Vice President; and Frank J. Heinl, Cashier.
Arthur L. French served as President until his death in 1920 and was succeeded by A. C. Rice, who served in that capacity until his death in 1939. At that time, Arthur Joy French (son of Arthur L. French) was elected President and continued in that position until 1975. Jan F. Blue served as President from 1975 to 1998 and continues serving on the Board of Directors today. Currently, Joy French Becker (daughter of Arthur J. French) serves as President and Chairman of the Board. This family tradition continues into the fourth generation to carry on the commitment to Morgan County and the Jacksonville community. Joy’s daughters, Kristan Becker Hoffman and Elizabeth French Becker serve as Executive Vice Presidents and were elected to the Board of Directors in 2003.
The business of The Farmers State Bank and Trust Company grew as the community prospered. In July of 1941, the Bank moved to its current location at 200 West State Street, a building which is listed on the National Register of Historic Places. This site, formally known as the Ayers National Bank Building, has been associated with banking longer than any other site in Illinois. In 1976, the Bank opened a Full-Service Branch on West Morton Road in Jacksonville. Both the 200 West State Street and 1718 West Morton Avenue locations continue in operation today.
As The Farmers State Bank and Trust Company has grown and expanded, it has continually updated its banking services and systems. Similarly, as the financial needs within the community have changed, the services have been expanded and improved to meet the ever-changing needs of the customer base.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154