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In July 1982, First National Cincinnati Corporation announced the pending acquisition of the Hillsboro-based Farmers and Traders National Bank for an undisclosed amount. [17] The acquisition was completed in March 1983 for $6.8 million in cash and notes. [18] [19]
Benchmark Bank, Aurora, Illinois MB Financial Bank, National Association, Chicago, Illinois Commercial bank [34] December 4, 2009: Greater Atlantic Bank, Reston, Virginia Sonabank, McLean Virginia Savings and loan association [34] December 11, 2009: Republic Federal Bank, National Association, Miami, Florida 1st United Bank, Boca Raton, Florida
The original Illinois National Bank was established in 1886 in Springfield, Illinois. [2] In 1989, the bank was sold to First of America Bank [3] and assumed that name on February 1, 1990. [4] In 1997, First of America was sold to National City Bank, which was in turn sold to PNC Bank in 2008.
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The advantage of holding a National Bank Act charter is that a national bank is not subject to state usury laws intended to prevent predatory lending. [6] However, in Cuomo v. Clearing House Association, L. L. C. , the Supreme Court ruled that federal banking regulations do not preempt the ability of states to enforce their own fair-lending ...
From 1889 to 1890 he served on the Hillsboro city council. [2] Over time he increased the size of his farm to 800 acres (3.2 km 2) and in 1888 founded the First National Bank in Hillsboro. [1] Starting with $50,000, he operated the bank as president until 1897 when he closed it. [1] This bank was the first in Washington County. [3]
Hillsboro is located south of the center of Montgomery County at (39.164973, −89.484572 It is bordered to the east by Schram City and to the south by Taylor Springs . Illinois Route 16 passes through the city center, leading west 9 miles (14 km) to Litchfield and northeast 28 miles (45 km) to Pana .
The Continental and Commercial National Bank is a historic office building located at 208 S. LaSalle Street in Chicago's Loop. The 21-story building was built in 1911-14 for the Continental and Commercial National Bank, at the time one of the largest banks in the nation.