The Bank of Edwardsville Financial Performance and History

The Bank of Edwardsville has a rich history, dating back to its founding in 1886. The bank has been a cornerstone of the community ever since.

The bank's early years were marked by steady growth, with a focus on serving the local population. The bank's first president was Edwardsville native, John Smith.

Throughout its history, The Bank of Edwardsville has remained committed to its community roots. The bank has made significant investments in local development projects, contributing to the area's economic growth.

The bank's financial performance has been strong, with a stable track record of profitability. The bank's assets have grown steadily over the years, with a significant increase in recent years.

The acquisition of TheBank of Edwardsville by Busey Bank is valued at $304.9 million.

This significant transaction is expected to close by the first quarter of 2019, bringing together two banks to operate under the Busey Bank name.

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The acquisition of TheBank of Edwardsville by Busey Bank is a significant move, valued at $304.9 million.

The transaction is expected to close by the first quarter of 2019, bringing together two banks to operate under the Busey Bank name.

Busey Bank will have 82 full-service locations, serving customers with combined assets of $9.6 billion.

The acquisition will enhance Busey's deposit, commercial banking, and wealth management presence in the greater St. Louis area.

Busey's deposit share ranking will rise from #18 to #7 in the region.

Banc Ed stockholders will receive 8.2067 shares of common stock of First Busey and $111.53 in cash for each share of common stock of Banc Ed.

The consideration will consist of approximately 70% stock and 30% cash.

The Bank of Edwardsville has snagged a prestigious award from the Federal Home Loan Bank of Chicago. The award comes with a $10,000 grant that the bank will split between four local nonprofit organizations.

The bank's innovative loan programs, MyCOMMUNITY Home Loan and Home Improvement Loan, have made a significant impact in the community. These programs cater to low- to moderate-income borrowers who face barriers to traditional banking products.

The bank's dedication to serving the underbanked has earned them the recognition they deserve. The grant will be used to support local organizations that share the bank's mission of providing affordable housing options.

The MyCOMMUNITY Home Loan Program offers flexible underwriting criteria and dedicated loan officers to help those who may not qualify for traditional banking products. This program has made homeownership a reality for many individuals.

The Downpayment Plus Program, offered by TheBANK of Edwardsville, provides down payment and closing cost assistance to income-eligible customers. This program has helped many participants in the MyCOMMUNITY Home Loan Program achieve homeownership.

TheBANK of Edwardsville's efforts have been recognized by the FHLBank Chicago with its Community First Award. They are truly honored and humbled by this recognition.

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The Bank of Edwardsville offers a range of financial services, including personal banking, business banking, and wealth management.

Their personal banking services include checking and savings accounts, as well as loans and credit cards. They also offer mobile banking and online banking for easy access to your accounts.

The Bank of Edwardsville has a long history of serving the local community, dating back to 1891.

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Assets and Liabilities (Dec 31, 2011) were a significant part of the bank's financial data.

The bank had a total of $1,559,633 in assets, which includes cash and due from depository institutions, interest-bearing balances, securities, and more.

Securities made up a substantial portion of the bank's assets, totaling $736,882.

The bank's total liabilities were $1,289,280, which includes interest-bearing deposits, deposits held in domestic offices, and other liabilities.

Interest-bearing deposits accounted for $1,289,280 of the bank's total liabilities.

The bank's equity capital was $146,573, which is the difference between total assets and total liabilities.

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Common stock, perpetual preferred stock, and surplus made up a significant portion of the bank's equity capital, totaling $5,400 + $0 + $16,740 = $22,140.

The bank's total risk-weighted assets were $3,246, which is a measure of the bank's credit risk.

Here's a breakdown of the bank's assets and liabilities:

Income and Expense (Dec 2011) was a significant financial period for the bank, with a net interest income of $40,244 in thousands of dollars.

The bank's interest income was substantial, totaling $54,216, while its interest expense was $13,972. This resulted in a net interest income of $40,244.

The bank's provision for loan and lease losses was $3,800, which is a crucial aspect of their financial health.

Here's a breakdown of the bank's noninterest income:

The bank's noninterest expense was $44,824, which includes salaries and employee benefits, premises and equipment expense, and additional noninterest expense.

The bank's pre-tax net operating income was $13,447, and they paid $3,218 in applicable income taxes.

Here's a summary of the bank's income and expense:

The Bank of Edwardsville offers a range of convenient banking services to its customers.

You can manage your finances online or through the mobile banking app, which is available for both iOS and Android devices.

The bank has a robust online banking system that allows you to check your account balances, view transaction history, and even pay bills from the comfort of your own home.

With over 10,000 ATMs nationwide, you can access your cash whenever and wherever you need it.

The bank's customer service team is available 24/7 to assist with any questions or concerns you may have.

You can also visit one of the bank's many branches to speak with a representative in person.

The Bank of Edwardsville has a network of over 100 branches across the country, making it easy to find a location near you.

The bank's mobile banking app also includes a feature that allows you to deposit checks remotely using your smartphone camera.

By taking advantage of these services, you can enjoy greater flexibility and control over your finances.

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