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The bank was founded in 1964. [1] On September 9, 2010, the Federal Deposit Insurance Corporation issued an order against the bank, citing "unsafe or unsound banking practices". [2] In 2011, the bank was acquired by Wintrust Financial for $13.75 million in cash and stock and its branches were re-branded as St. Charles Bank & Trust Company. [1 ...
The subsidiary bank was formed in 1934 as the Iowa State Bank & Trust Company in Iowa City, Iowa by Ben S. Summerwill. [3]In 1983, ISB Financial Corp. was established as a closely held bank holding company for Iowa State Bank & Trust Company.
In the United States, a state bank is a bank in a U.S. state that is chartered by the government of that state, as opposed to a national bank which is chartered at the federal level. [ 1 ] [ 2 ] Overview
Elgin is located at (42.955965, -91.636394) [3] at the confluence of Otter Creek with the Turkey According to the United States Census Bureau, the city has a total area of 0.66 square miles (1.71 km 2), all land.
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