Banking

Plackett retiring as president of First National Bank in Paxton

PAXTON — Rodney Plackett will retire as president and cashier of the First National Bank in Paxton, effective Dec. 31, 2016.


Mural paints portrait of Gibson City's past

GIBSON CITY — A reproduction of a mural by former Gibson City resident Larry Day helped to beautify the downtown in time for the Harvest Fest celebration on Oct. 11. The mural was reproduced on vinyl and applied to cover the windows of an empty store at 107 N. Sangamon Ave. by Dan Kearfott of Kearfott Graphix.


Area banks retain their BauerFinancial ratings

Banks with offices in the Paxton area retained their previous ratings in the latest ratings from BauerFinancial, based on data for the financial quarter that ended March 31, 2015.

Two-thirds of area banks received BauerFinancial’s highest rating of 5 stars. None got the lowest, second-lowest or third-lowest ratings — zero stars, 1-star and 2-star.


First National Bank of Paxton holds annual meeting

PAXTON — Increased home lending and technological upgrades are boosting prospects at First National Bank in Paxton, which held its annual meeting April 16.

“Because of low interest rates, home lending continues to be our most active lending product in 2015,” said President Rodney Plackett, who added the bank is looking at expanding its investment services options this year.


Busey Bank wins Financial Literacy Award

URBANA — Busey Bank has received the Financial Literacy Award from the Illinois Bankers Association.

The award is presented annually to a financial institution for its work in providing financial education to community members of all ages.


Milford bank's rating improves from 'good' to 'excellent'

MILFORD — The Citizens State Bank of Milford improved from a 3 1/2-star (“good”) rating to a 4-star (“excellent”) rating in the latest ratings from BauerFinancial based on data for the financial quarter that ended Dec. 31, 2014.

All other banks with offices in the Paxton Record’s coverage area retained the ratings they had at the close of the Sept. 30 quarter.


Busey completes purchase of Pekin-based bank

CHAMPAIGN — First Busey Corp. has completed its previously announced acquisition of Herget Financial Corp., the holding company for Pekin-based Herget Bank.

Champaign-based First Busey acquired 100 percent of Herget Financial’s outstanding common stock for $34.1 million in cash, according to the company’s announcement today.


Two area banks upgraded by BauerFinancial ratings service

Two area banks were upgraded in the latest ratings from BauerFinancial based on data for the financial quarter that ended Sept. 30.


Banks in Loda, Milford upgraded in latest BauerFinancial ratings

LODA — The Federated Bank and the Citizens State Bank were both upgraded in the latest ratings from BauerFinancial based on data for the financial quarter that ended June 30.

The Federated Bank, which has branches in Onarga, Loda, Bradley and Chebanse, was upgraded from 4 stars (“excellent”) to BauerFinancial’s highest rating of 5 stars (“superior”).


Area banks maintain their BauerFinancial ratings

East Central Illinois banks retained the ratings they had at the close of the Dec. 31, 2013, quarter.

More than half the area banks received BauerFinancial’s highest rating of 5 stars. No area banks received the lowest or second-lowest ratings — zero stars and 1 star.


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