Introduction
Nestled in the heart of Warren County, Illinois, Community National Bank has served as a pillar of financial stability and community involvement for over a century. Since its humble beginnings in 1904, the bank has grown to become a thriving institution with deep roots in the Monmouth community. This article aims to shed light on the history, services, and unwavering commitment to the community that has made Community National Bank a respected and trusted financial partner for generations.
History of Community National Bank
The story of Community National Bank begins in the early 20th century, amidst a time of rapid economic growth and financial uncertainty. In 1904, a group of local businessmen recognized the need for a locally owned and operated bank that would serve the financial needs of the Monmouth community. With a shared vision of providing stability and economic empowerment, they established Monmouth National Bank.
Over the decades that followed, the bank weathered economic downturns and periods of prosperity, all the while remaining a steadfast supporter of local businesses and families. In 1986, the bank merged with Monmouth Savings and Loan Association, forming Community National Bank. This merger allowed the bank to expand its services and strengthen its financial foundation.
Today, Community National Bank stands as a testament to the enduring spirit of community banking. With assets exceeding $400 million, the bank continues to play a vital role in the local economy, providing a wide range of financial products and services to individuals, families, and businesses.
Services Offered by Community National Bank
Community National Bank offers a comprehensive suite of financial services tailored to meet the diverse needs of its customers. These services include:
The bank's commitment to personalized service sets it apart from larger, impersonal financial institutions. Customers enjoy the convenience of working with knowledgeable and friendly staff who are dedicated to providing sound financial advice and solutions.
Community Involvement
Community National Bank is deeply committed to investing in the Monmouth community and giving back to those it serves. The bank actively supports numerous local organizations, including:
Through financial contributions, volunteerism, and community engagement, the bank plays a vital role in fostering a vibrant and prosperous community.
Financial Performance
Community National Bank's financial performance is a testament to its sound management practices and prudent lending policies. The bank has consistently maintained strong capital ratios, low delinquency rates, and a healthy return on assets.
Community National Bank: A Trusted Financial Partner
For over a century, Community National Bank has been the go-to financial partner for residents and businesses in Monmouth, Illinois. Its commitment to community involvement, personalized service, and sound financial management has earned it a reputation for stability, trustworthiness, and excellence.
As the community continues to evolve, Community National Bank remains steadfast in its mission of providing financial solutions that support the growth and prosperity of Monmouth and its surrounding areas.
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Step 1: Open an Account
Visit a Community National Bank branch or open an account online. You will need to provide personal information and identification documents.
Step 2: Set Up Online and Mobile Banking
Enroll in online and mobile banking by visiting the bank's website. This will allow you to access your account, make transactions, and manage your finances remotely.
Step 3: Explore Financial Services
Explore the range of financial services offered by Community National Bank, including checking and savings accounts, loans, mortgages, and wealth management.
Step 4: Attend Community Events
Attend community events hosted by Community National Bank to learn about financial literacy, investment strategies, and local initiatives.
Step 5: Seek Financial Advice
Consult with the bank's experienced financial advisors to discuss your financial goals and develop a personalized plan that aligns with your needs.
Table 1: Community National Bank Financial Performance
Year | Assets | Non-performing Assets | Return on Assets |
---|---|---|---|
2018 | $350.1 million | 0.51% | 1.18% |
2019 | $375.2 million | 0.46% | 1.22% |
2020 | $390.3 million | 0.41% | 1.24% |
2021 | $412.3 million | 0.43% | 1.25% |
Table 2: Financial Services Offered by Community National Bank
Service | Description |
---|---|
Checking Account | Checking account with convenient features and mobile access |
Savings Account | High-yield savings account for long-term savings goals |
Personal Loan | Flexible loan options for personal expenses, debt consolidation, and special purchases |
Business Loan | Short-term and long-term loans for business expansion, equipment purchases, and working capital |
Mortgage Lending | Home loans for purchase, refinancing, and home equity |
Wealth Management | Personalized investment advice and portfolio management services |
Online and Mobile Banking | Convenient access to your accounts and financial transactions anytime, anywhere |
Table 3: Community Involvement by Community National Bank
Organization | Description |
---|---|
Monmouth United Way | Supports local agencies providing health and human services |
Warren County YMCA | Provides fitness, youth development, and community programs |
Monmouth-Roseville Rotary Club | Service organization dedicated to local and international projects |
Monmouth-Warren County Chamber of Commerce | Supports local businesses and promotes economic development |
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