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First Illinois Bank is a full service
banking institution and the only bank to remain headquartered in East
St. Louis, IL.
First Illinois Bank proudly serves the
banking needs of East St. Louis and its surrounding communities.
First Illinois Bank was originally chartered in 1865 as Illinois Bank.
In 1905, the bank was re-chartered as First National Bank in East St.
Louis. In 1934, the bank was reorganized as First National Bank at East
St. Louis. Then, in 1978, the bank became First Illinois Bank.
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NOTICE OF EXPIRATION OF THE
TEMPORARY FULL FDIC INSURANCE COVERAGE FOR
NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013,
funds deposited in a noninterest-bearing transaction account
(including an Interest on Lawyer Trust Account) no longer
will receive unlimited deposit insurance coverage by the
Federal Deposit Insurance Corporation (FDIC).
Beginning January 1, 2013, all of a depositor’s accounts at
an insured depository institution, including all
noninterest-bearing transaction accounts, will be insured by
the FDIC up to the standard maximum deposit insurance amount
($250,000), for each deposit insurance ownership category.
For more information about FDIC insurance coverage of
noninterest bearing transaction accounts, visit
www.fdic.gov. |
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