Question 1

What is Southern Illinois Bank?

Accepted Answer

Southern Illinois Bank is a community-focused commercial bank serving the Carbondale-Marion metropolitan area and surrounding communities in southern Illinois. With approximately $148 million in total assets and $121 million in deposits, the bank operates as a state-chartered institution regulated by the FDIC.

The bank specializes in personalized banking services for individuals, families, businesses, and agricultural producers throughout Williamson County and neighboring regions. With five full-service branch locations, Southern Illinois Bank maintains a strong local presence while offering modern digital banking capabilities.

Question 2

When was Southern Illinois Bank founded?

Accepted Answer

Southern Illinois Bank was established on September 10, 1999, when it opened its doors in Johnston City, Illinois. The bank was founded to serve the financial needs of the local southern Illinois communities with a hometown approach to banking.

Over its more than 25 years of operation, the bank has expanded from its original Johnston City location to five offices across the region, opening branches in West Frankfort (2000), Zeigler (2002), Thompsonville (2007), and Herrin.

Question 3

Where is Southern Illinois Bank headquartered?

Accepted Answer

Southern Illinois Bank is headquartered in Johnston City, Illinois. The main office is located at 1012 West Broadway Boulevard in Johnston City, Williamson County.

Question 4

Where does Southern Illinois Bank operate?

Accepted Answer

Southern Illinois Bank operates exclusively in southern Illinois through five full-service branch locations. The bank serves customers in Johnston City (headquarters), West Frankfort, Zeigler, Thompsonville, and Herrin.

All branches are located within the Carbondale-Marion Core Based Statistical Area, allowing the bank to maintain deep connections throughout Williamson County and surrounding communities in the southern Illinois region.

Question 5

What services does Southern Illinois Bank offer?

Accepted Answer

Southern Illinois Bank provides comprehensive personal and business banking services designed to meet the diverse needs of its community.

Personal Banking Services include multiple checking account options, various savings accounts (including traditional savings, Christmas Club, and minor savings accounts), NOW accounts, money market accounts, premium money market accounts, certificates of deposit (CDs), and IRA accounts. The bank offers competitive residential mortgage products including conventional fixed-rate loans (30, 20, 15, and 10-year terms), FHA loans, VA loans, Rural Development loans for first-time homebuyers, and Rural Living loans for hobby farmers. Personal loan options include auto loans, home improvement loans, and general consumer loans with flexible terms.

Business Banking Services include business checking accounts, business savings accounts, business money market accounts, business CDs, commercial lending, agricultural lending tailored for producers, equipment financing, and commercial real estate loans. The bank emphasizes local decision-making, with loan decisions made by hometown bankers who understand the regional economy.

Digital Banking Services are provided free of charge to all account holders, including online banking, mobile banking with a dedicated mobile app, mobile deposit capture, bill pay services, telephone banking, person-to-person payments through SPIN (their P2P payment product), eStatements, and eNotices. All digital services are designed to provide convenient 24/7 account access.

Question 6

What makes Southern Illinois Bank unique?

Accepted Answer

Southern Illinois Bank distinguishes itself through its commitment to local decision-making and personalized service. Unlike larger regional or national banks, all lending decisions are made locally by bankers who live and work in the communities they serve.

The bank guarantees timely loan decisions from its local offices, eliminating bureaucratic delays common with larger institutions. This hometown approach extends to its relationship banking model, where customers work with the same bankers who understand their individual financial situations and business needs.

Southern Illinois Bank's deep specialization in agricultural lending sets it apart in the region, with customized financial solutions designed specifically for producers and farmers. The bank's routing number (081225901) is used for both ACH and wire transfers, facilitating seamless electronic transactions for business and personal customers.

Question 7

What type of financial institution is Southern Illinois Bank?

Accepted Answer

Southern Illinois Bank is a State-Chartered Commercial Bank that is a non-member of the Federal Reserve System and is regulated by the FDIC.

As a state-chartered bank, Southern Illinois Bank operates under Illinois banking laws and FDIC supervision. The institution qualifies as a community bank, focusing on traditional relationship banking with customers in defined geographic markets. The bank maintains FDIC insurance (Certificate #35229), protecting deposits up to applicable limits backed by the full faith and credit of the U.S. Government.

The bank operates in the Federal Reserve's Chicago District (District 8) and has maintained its independent status since its founding, with no holding company ownership structure.

Southern Illinois Bank

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About Southern Illinois Bank in the United States