Community National Bank

786396

311 N Main St, Monmouth, IL, 61462  

Community National Bank in Monmouth is a Locally Owned Bank providing friendly and personalized service to the people and businesses in Monmouth, Illinois and the surrounding area. In January 1964 the community of Monmouth was shocked to learn that control of the Second National Bank had changed and the bank was being voluntarily liquidated.


Community National Bank in Monmouth is a Locally Owned Bank providing friendly and personalized service to the people and businesses in Monmouth, Illinois and the surrounding area. In January 1964 the community of Monmouth was shocked to learn that control of the Second National Bank had changed and the bank was being voluntarily liquidated. Deposits would no longer be accepted after January 29th. The Bank was entering its 90th year in the Monmouth business district.
Learning of this, a number of local business people met in the offices of Bowman Shoe Company to learn what might be done to replace the loss. After discussing options, it was decided to seek authorization from the Comptroller of the Currency in Washington, D.C., federal regulator of national banks, to organize a new national bank in Monmouth, IL. The requirements for organizing a new national bank were learned and subsequently disseminated to the group.


LENDING PROFILE

Community National Bank arranges the following loan types:
  • RESIDENTIAL: Hard Money , USDA , Construction loans
  • COMMERCIAL: Hard Money , Portfolio
  • LAND: Hard Money
Lending territories: IL

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