Question 1

What is FNB Raymond?

Accepted Answer

FNB Raymond is a community-focused commercial bank specializing in agricultural lending and traditional banking services in central Illinois. With approximately $181 million in total assets and 5 branch locations, the bank serves rural communities across Montgomery, Christian, Macoupin, and Sangamon counties.

As a federally chartered national bank regulated by the Office of the Comptroller of the Currency (OCC), FNB Raymond operates as a subsidiary of Raymond Bancorp, Inc. The institution has earned recognition for its agricultural specialization, with farm loans representing approximately 51% of its loan portfolio.

Question 2

When was FNB Raymond founded?

Accepted Answer

FNB Raymond was founded in 1903, establishing itself as a community banking institution dedicated to serving the agricultural and financial needs of Raymond, Illinois and surrounding rural areas.

For over 120 years, the bank has maintained its commitment to serving family farms, small businesses, and local residents throughout central Illinois. The bank's longevity reflects its ability to adapt to changing agricultural economics while maintaining its community banking roots and locally-focused decision-making.

Question 3

Where is FNB Raymond headquartered?

Accepted Answer

FNB Raymond is headquartered in Raymond, Illinois, located in Montgomery County near Interstate 55, south of Springfield.

The main office is located at 403 East Broad Street, Raymond, IL 62560, where President and CEO Neil T. Jordan leads the institution's operations.

Question 4

Where does FNB Raymond operate?

Accepted Answer

FNB Raymond operates 5 full-service banking centers throughout central Illinois, serving four counties:
• Raymond (Montgomery County) - Main office and headquarters
• Girard (Macoupin County) - Full-service branch
• Virden (Macoupin County) - Full-service branch  
• Pawnee (Sangamon County) - Full-service branch
• Morrisonville (Christian County) - Drive-up focused branch with lobby by appointment

All locations provide access to 5 ATMs across the network. The bank's market area includes rural agricultural communities near Interstate 55 between Springfield and St. Louis, with some presence extending into the Springfield and St. Louis metropolitan statistical areas.

Question 5

What services does FNB Raymond offer?

Accepted Answer

FNB Raymond provides a comprehensive range of banking services tailored to agricultural and rural community needs:

Agricultural Banking: Operating loans, term loans, farm mortgage loans, equipment financing, and lines of credit designed for the farming cycle. The bank allocates portions of operating loans at Illinois' favorable farm operating interest rate.

Personal Banking: Checking accounts, savings accounts, certificates of deposit (CDs), health savings accounts (HSAs), debit cards, and consumer loans including residential mortgages and home equity products.

Business Banking: Commercial checking, business loans, commercial real estate financing, and lines of credit.

Digital Banking: Mobile banking app (available on iOS and Android) featuring mobile deposit capture, bill pay, account monitoring, card management with on/off controls, fund transfers, balance alerts, and branch/ATM locators. Online banking platform with 24/7 access.

Additional Services: Fiduciary powers (though not currently exercised), safe deposit boxes, and check reordering services.

Question 6

What makes FNB Raymond unique?

Accepted Answer

FNB Raymond distinguishes itself through its deep agricultural specialization and expertise. The bank maintains loan officers with strong agricultural backgrounds who understand farming operations, commodity cycles, and the unique cash flow needs of agricultural producers.

The institution's agricultural focus is demonstrated by its portfolio composition - approximately 51% farm loans - and its recognition for agricultural specialization by federal regulators. FNB Raymond partners with government-supported lending programs including the Farm Service Agency, Illinois Finance Authority, and Farmer Mac to provide advantageous terms to borrowers.

The bank's commitment to local decision-making sets it apart from larger regional competitors. As a locally-owned institution operating through Raymond Bancorp, Inc., FNB Raymond maintains "hundreds of years of total combined experience" among its staff of 34 employees, enabling personalized service and quick lending decisions.

The bank's Community Reinvestment Act (CRA) rating of "Satisfactory" reflects its excellent performance in lending to small farms by revenue, with strong penetration among farms of different sizes throughout its assessment areas.

Question 7

What type of financial institution is FNB Raymond?

Accepted Answer

FNB Raymond is a National Bank - a federally chartered commercial bank regulated by the Office of the Comptroller of the Currency (OCC).

As a national bank, it operates under federal banking laws and regulations, holds membership in the Federal Reserve System, and provides FDIC-insured deposit accounts. The institution is structured as an S-Corporation and is wholly owned by Raymond Bancorp, Inc., a one-bank holding company.

FNB Raymond also qualifies as an Agricultural Bank due to its specialized focus on farm lending and rural community banking, placing it among the top agricultural lenders nationally for community banks of its size.

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