Captain Sam Hull built his frame grocery store and 2nd floor residence in 1847. It had other tenants, but was moved to make way for the bank in 1867.
Mrs. Atwater & N.C. Pettey built the present 3 storefront 2 story brick building in 1867. The bank was on the corner with the Widney & Viner Hardware next south and also it wrapped around the bank with an opening on Washington Street. H.R. Green & Son had the 3rd store.
The bank building had major structural changes made in 1905, 1926, and 1964.
The improvements in 1926 were estimated on May 1, 1926 at $35, 260. They were completed in October with a final price on October 12, 1926 of $37, 247.
Grundy County National Bank was formed on June 3, 1864. The Board of Directors originated with five stockholders. There were 11 original stockholders.
The first meeting of the Stockholders was on September 16, 1864. The capital stock originated at $50, 000 to be divided into 500 shares at $100/share.
In 1918, F.H. Clapp was President of Grundy Bank. He was elected the Grundy Chairman for the Grundy County Liberty Loan Committee. The Liberty Loan Committee was established to raise money for the federal government during the War. Quoted from an article titled Liberty Loan Publicity Campaigns, was the following: "The men who served on the central committees and on the principal sub-committees represented the most capable, experienced and influential men in their respective communities – financial, professional and industrial.
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