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Milledgeville State Bank

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5.0
7 reviews
|Finance|Milledgeville, IL 61051

451 N Main Ave, Milledgeville, IL 61051

(815) 225-7171

Closed now

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About

Milledgeville State Bank opened for business January 2, 1942. First Board of Directors was composed of A.H. Wagner, W.A. Litwiller, Fred W. Werner, Samuel Livengood, and Albert Anderson. In addition to serving as a director, Anderson was also the bank's cashier. On opening day, the bank had deposits of $47, 000, capital accounts of $32, 500 and total resources in excess of $79, 000. No loans had yet been made. A bank has existed in Milledgeville since the early 1900's, except for the period from 1932 to 1942. The present bank's predecessor, Shumway State Bank, closed in January of 1932, having gone into receivership prior to the moratorium of 1933. It is interesting to note, however, that wh

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5.0
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