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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
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]
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 ...
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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 .
Melvin Alvah Traylor (1878 – 1934) was an American lawyer and banker who became president of the First Union Trust and Savings Bank in 1928, which would go on to become Chicago's largest bank during his time, and became president of the American Bankers' Association.
FBOP Corporation was a financial services company based in Oak Park, Illinois, United States.As of mid-2009, it had $18.5 billion in assets and was the 46th largest bank holding company in the United States. [2]