INB
| Industry | Financial Services |
|---|---|
| Founded | 1999 |
| Headquarters | , |
Number of locations | 13 full-service banches, Remittance Center, one lending office; more than 25,000 ATMs nationwide |
Key people | Sarah Phalen, Pat Phalen, Tom Gihl, Brett Tiemann, John Wilson |
| Services | Banking, Investments, Finance mortgages, Wealth Management, Tax services, Lockbox, Business and Personal banking |
Number of employees | Over 250 |
| Website | http://www.illinoisnationalbank.com/ |
INB is a locally owned, privately held national bank based in Springfield, Illinois. It operates 13 branches and a remittance processing center in central Illinois, as well as a loan production office in Chesterfield, MO.[1]
First generation
The original Illinois National Bank was established in 1886 in Springfield, Illinois. In 1989, the bank was sold to First of America Bank[2] and assumed that name on February 1, 1990.[3] In 1997, First of America was sold to National City Bank, which was in turn sold to PNC Bank in 2008.
Second generation
In 1999, a group of Springfield investors and former employees of the first Illinois National Bank came together to form the second generation INB. The new bank opened on June 21, 1999.[4][1] Beginning with one branch in downtown Springfield, the bank has grown to 13 branches in Central Illinois. INB acquired a remittance processing center in 2000; it is the largest in Illinois outside the Chicago area. Over the years, INB expanded outside the Springfield area by opening branches in Peoria, Bloomington and Champaign. There is also a loan production office in the St. Louis metropolitan area. In 2019, the bank changed its formal name to INB, National Association. -- shortened to INB, N.A. or INB for most purposes. [5]
Services
INB offers traditional banking products such as checking and savings accounts, mortgage and other loan services, and certificates of deposit; also retirement products like Individual Retirement Accounts (IRA), remittance processing services, and tax preparation services.
References
- ^ a b "Illinois National Bank (INB) History". illinoisnationalbank.com. Retrieved 23 December 2015.
- ^ "Bloomington, IL Mortgage and Commercial Loans". illinoisnationalbank.com. Retrieved 23 December 2015.
- ^ "InstitutionHistory". ffiec.gov. Retrieved 23 December 2015.
- ^ "IRWeblink". snl.com. Retrieved 23 December 2015.
- ^ https://www.inb.com/News/111/Its-Official-Illinois-National-Bank-is-INB/news-detail/
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