Question 1

What is Table Grove State Bank?

Accepted Answer

Table Grove State Bank is a locally-owned community bank serving West-Central Illinois. Established as a state-chartered commercial bank supervised by the FDIC, the institution operates as a full-service financial institution with a strong focus on agricultural and personal banking. With approximately $48 million in total assets, the bank maintains its commitment to providing personalized banking services to residents and businesses throughout Fulton County and the surrounding region.

The bank is structured as a Subchapter S Corporation and operates as a community bank, maintaining its independence and local ownership.

Question 2

When was Table Grove State Bank founded?

Accepted Answer

Table Grove State Bank was founded on March 5, 1946, in the small village of Table Grove, Illinois. The bank was established in the post-World War II era to serve the agricultural and rural communities of West-Central Illinois, specifically in Fulton County.

For nearly 80 years, the institution has maintained its original mission of providing accessible banking services to farmers, small businesses, and families in the heartland of Illinois. Throughout its history, the bank has remained locally owned and operated, with a consistent focus on community investment and supporting the prosperity of its neighbors.

Question 3

Where is Table Grove State Bank headquartered?

Accepted Answer

Table Grove State Bank is headquartered in Table Grove, Illinois, a small rural village in Fulton County. The main office is located at 121 South Broadway, Table Grove, IL 61482.

Table Grove is situated in West-Central Illinois within the Peoria metropolitan statistical area.

Question 4

Where does Table Grove State Bank operate?

Accepted Answer

Table Grove State Bank operates primarily in West-Central Illinois, with its single branch located in Table Grove. The bank serves Fulton County and surrounding communities in the region.

While the bank maintains only one physical office, it provides services to customers throughout the broader West-Central Illinois area, including the Peoria region. The institution's service area encompasses both rural agricultural communities and small towns throughout this part of Illinois.

Question 5

What services does Table Grove State Bank offer?

Accepted Answer

Table Grove State Bank offers a comprehensive range of banking services tailored to both agricultural and personal banking needs:

Personal Banking: The bank provides various checking account options, savings accounts, Individual Retirement Accounts (IRAs), Health Savings Accounts (HSAs), and consumer loans including auto financing. Financial calculators are available to help customers with planning and decision-making.

Agricultural Banking: As a bank located in Illinois's agricultural heartland, Table Grove State Bank specializes in farm lending and agricultural banking services. The institution employs experienced banking professionals who understand the unique financial needs of farming operations and rural businesses.

Digital Banking Services: The bank offers modern digital banking through its mobile banking app available on both Apple and Android platforms. Customers have 24/7 access to their accounts, enabling them to check balances, make instant transfers, complete loan payments, and manage their finances remotely. Online banking platforms provide flexibility for customers to conduct transactions on their own schedule.

Business Banking: Services include commercial lending and business accounts designed to support small businesses and local enterprises in the community.

Question 6

What makes Table Grove State Bank unique?

Accepted Answer

Table Grove State Bank distinguishes itself through its unwavering commitment to small-town community banking values combined with modern technology. The institution emphasizes "friendly banking" with a "sense of small town pride" as its foundation, focusing intensely on personal relationships with customers.

The bank's specialization in agricultural banking sets it apart in the region. Its team of banking professionals possesses deep expertise in farm financing and understands the seasonal, cyclical nature of agricultural operations, making it particularly valuable to farmers and agribusinesses.

Despite its small size with only one office and approximately 8 employees, Table Grove State Bank offers competitive digital banking services, including mobile apps for both iOS and Android devices. This combination of personalized, local service with modern technological capabilities allows the bank to serve rural customers effectively in today's digital age.

The institution's commitment to community investment is central to its identity. The bank actively promotes local businesses and maintains strong connections within Fulton County, viewing its success as directly tied to the prosperity of its customers and community.

Question 7

What type of financial institution is Table Grove State Bank?

Accepted Answer

Table Grove State Bank is a State-Chartered Community Bank. Specifically, it is classified as a commercial bank with a state charter that is not a member of the Federal Reserve System, supervised by the Federal Deposit Insurance Corporation (FDIC).

As a community bank, Table Grove State Bank embodies the traditional model of local, relationship-based banking. It is locally owned and operated, with decision-making authority residing within the community it serves. The bank's deposit accounts are insured by the FDIC through the Deposit Insurance Fund (DIF).

The institution operates as a Subchapter S Corporation, a tax structure that allows profits to pass through to shareholders while maintaining the advantages of corporate structure. This designation reflects the bank's focus on serving its local community rather than operating as a large-scale commercial enterprise.

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About Table Grove State Bank in the United States