The year is 1962 and a group of local businessmen are in Springfield Illinois at the Department of Financial Institutions on October 15th for the signing of their application for the formation of a new bank. As in many small communities, at the time, the businessman saw a need for a bank that would help the people of the community receive a fair return on their deposits and provide funds to help the community grow. This was a common story that built the strength of community banking in the State of Illinois in the early 1960's. In 1963 Community Bank of Trenton entered into an agreement to purchase the assets of Farmers Bank of Trenton.
The original board of directors included: Cyril Haas, George Vaninger, Paul Brefeld, Arthur Kuhn, H. A. Cope, D. L. Schaeffer, and Theodore Klasing. For many years the bank was well known in the community because of the leadership of D.L. Shaeffer and his wife Gladys. Leroy Zimmermann joined the bank, in 1966, as its Cashier and after several years rose to the position of bank manager. Leroy retired from the board after forty four years with the bank.
From humble beginnings the bank has grown with the community. The bank has operated through both the ups and downs of the last fifty plus years. Starting with only $100, 000.00 in capital in 1962 the bank currently has assets of over $95 million. We have seen and survived the economic issues of the late 70's and early 90's and then in 2009 when economic issues began to grip our nation affecting almost every economic and geographic sector.
As for the financial industry we are one of the most highly regulated industries, in the country. Both the state and federal governments along with the FDIC continue to impose additional regulation as concerns arise within our industry. Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system, after the traumatic times of the late 1920's with what is known as "the great depression". The FDIC insures deposits at the nation's more than 8, 000 banks and savings associations and it promotes the safety and soundness of these institutions. The FDIC is charged with identifying, monitoring, and addressing risks to which insured institutions are exposed. The FDIC receives no federal tax dollars, we the insured institutions fund its operations and are levied fees to keep the insurance fund solvent.
As an institution we began on a promise to serve Trenton and the surrounding communities, and that promise continues to guide our operations today. The bank continues to be locally owned and locally managed. Many of the faces seen in the bank today are those that we have grown up with in the community.
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
The drum of the realization of the promise is beating, we are sweeping the road to the sky. Your joy is here today, what remains for tomorrow? The armies of the day have chased the army of the night...
NMLS 1795154