Anderson State Bank

000

111 West Highway Street, Oneida, IL, 61467  

Anderson State Bank’s operation spans three centuries of service to Knox and Henry counties. The Bank was opened in 1876 by A.B. Anderson. In 1917 the bank became incorporated under the name of Anderson State Bank. Andrew B. Anderson came to Knox County in May 1852. A native of Scotland, Andrew first stopped in Victoria


Anderson State Bank’s operation spans three centuries of service to Knox and Henry counties. The Bank was opened in 1876 by A.B. Anderson. In 1917 the bank became incorporated under the name of Anderson State Bank.

Andrew B. Anderson came to Knox County in May 1852. A native of Scotland, Andrew first stopped in Victoria where he worked as a blacksmith, a trade he learned from his father. He came to Oneida in the summer of 1857 and continued his work as a blacksmith until 1864. He then entered the hardware business and in 1874 began his banking career at the age of 42.

A.B. Anderson’s son, John, joined the bank in 1889. John’s two sons and daughter would later join the family business - John Jr, in 1937 and Andrew in 1950 and Margaret became a director in 1939 and remained on the board until her death in 2013. John, Jr.’s son, Bill, is Chairman/CEO and Andy’s son, Dick, is President/COO.


LENDING PROFILE

Anderson State Bank arranges the following loan types:
  • RESIDENTIAL: Hard Money
  • COMMERCIAL: Hard Money , Portfolio
  • LAND: Hard Money
Lending territories: IL

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