First State Bank of Forrest: A Cornerstone of Financial Stability

Introduction

Nestled in the heart of Forrest, Illinois, First State Bank of Forrest (FSB) has been a beacon of financial stability and community support for over a century. Founded in 1917, FSB has grown into a thriving financial institution that stands as a pillar of its local economy.

History and Milestones

FSB has a rich and storied history that spans generations. Here are some key milestones:

• 1917: Founded as The Farmers and Merchants State Bank of Forrest
• 1965: Merged with The Forrest State Bank
• 1994: Adopted the name First State Bank of Forrest
• 2007: Opened a new, state-of-the-art banking center
• 2017: Celebrated its 100th anniversary

Throughout its history, FSB has maintained its commitment to providing exceptional financial services to the Forrest community. It has weathered economic ups and downs, adapted to changing technologies, and consistently met the evolving needs of its customers.

Financial Performance and Stability

FSB is a sound and financially stable institution. According to the Federal Deposit Insurance Corporation (FDIC), FSB has consistently maintained a strong financial rating. In 2021, its total assets exceeded $1 billion, making it one of the largest banks in the Forrest area.

Moreover, FSB has a proven track record of profitability. In 2021, it reported net income of over $5 million, demonstrating its financial strength and resilience.

Products and Services

FSB offers a comprehensive range of products and services to meet the financial needs of individuals, families, and businesses in the Forrest area. Its offerings include:

Personal Banking:
- Checking and savings accounts
- Debit and credit cards
- Personal loans
- Mortgages

Business Banking:
- Commercial loans and lines of credit
- Business checking and savings accounts
- Merchant services
- Treasury management

Wealth Management:
- Investment advisory services
- Retirement planning
- Estate planning

Community Involvement

FSB is not only a financial institution but also an integral part of the Forrest community. It actively supports local organizations and initiatives, such as:

• Forrest Community Schools
• Forrest Lions Club
• Forrest Fire Department

Through its charitable contributions and volunteerism, FSB demonstrates its commitment to making a positive impact on the lives of its customers and neighbors.

Customer Service

FSB is renowned for its exceptional customer service. Its staff is friendly, knowledgeable, and dedicated to providing personalized financial solutions. Customers can bank with FSB through its convenient banking center, online banking platform, or mobile app.

Why FSB Matters

First State Bank of Forrest plays a vital role in the economic and social well-being of the Forrest community. It provides:

• Financial stability: FSB's strong financial foundation ensures that the community has access to reliable banking services.
• Economic growth: By providing loans, mortgages, and other financial services to businesses and consumers, FSB stimulates economic activity in Forrest.
• Community support: FSB's charitable contributions and volunteerism make a tangible difference in the lives of its neighbors.

Benefits of Banking with FSB

Customers who choose First State Bank of Forrest enjoy numerous benefits, including:

• Financial security: FSB's strong financial rating and sound management practices provide peace of mind for depositors.
• Personalized service: FSB's staff takes the time to understand each customer's unique financial needs.
• Convenient access: FSB offers multiple channels for customers to bank, including its convenient banking center, online banking platform, and mobile app.
• Community support: By banking with FSB, customers support a local financial institution that is committed to the Forrest community.

Call to Action

If you are looking for a reliable, locally-owned financial institution that is committed to providing exceptional service, look no further than First State Bank of Forrest. Visit their banking center today or contact their friendly staff to learn more about their products and services.

Useful Tables

Stories and Lessons Learned

Story 1: The Small Business Loan

A small business owner in Forrest, struggling to expand her operations, approached FSB for a loan. The FSB team took the time to understand her business needs and provided a loan that allowed her to purchase new equipment and hire additional staff. The business owner's revenue increased significantly, creating new jobs in the community.

Lesson Learned: FSB is committed to supporting local businesses and helping them succeed.

Story 2: The First-Time Homebuyer

A young couple in Forrest dreamed of owning a home but were apprehensive about the process. They consulted with an FSB loan officer who guided them through every step, from pre-approval to closing. The couple was thrilled to purchase their first home with confidence and support from FSB.

Lesson Learned: FSB provides personalized financial advice and empowers customers to achieve their financial goals.

Story 3: The Community Volunteer

An FSB employee was passionate about supporting the local food pantry. She volunteered her time every Saturday to sort donations and help families in need. Her dedication inspired her colleagues to join her, creating a ripple effect of volunteerism in the Forrest community.

Lesson Learned: FSB encourages employee volunteerism and fosters a culture of community involvement.

Step-by-Step Approach to Banking with FSB

1. Visit the Banking Center: Visit FSB's convenient banking center located at 101 Main Street, Forrest, Illinois.
2. Open an Account: Choose the account type that best meets your needs, such as a checking account, savings account, or money market account.
3. Deposit Funds: Deposit funds into your account to start earning interest and access your money.
4. Enroll in Online Banking: Sign up for FSB's online banking platform to manage your accounts, view your statements, and make transactions securely.
5. Explore Additional Services: Discover the full range of services FSB offers, including mortgages, personal loans, wealth management, and business banking.

By following these steps, you can enjoy the benefits of banking with First State Bank of Forrest and become a part of the FSB community.