INB

INB, N.A., formerly Illinois National Bank, is a locally owned, privately held national bank based in Springfield, Illinois. It operates 13 branches and a remittance processing center in central Illinois, as well as a loan production office in Chesterfield, Missouri.[1]

For the Spanish National Bioinformatics Institute, for which the Spanish acronym is INB, see Spanish National Bioinformatics Institute.
INB
IndustryFinancial Services
Founded1999
Headquarters
Springfield, Illinois
,
USA
Number of locations
13 full-service banches, Remittance Center, one lending office; more than 25,000 ATMs nationwide
Key people
Sarah Phalen, Pat Phalen, Tom Gihl, Brett Tiemann, John Wilson
ServicesBanking, Investments, Finance mortgages, Wealth Management, Tax services, Lockbox, Business and Personal banking
Number of employees
Over 250
Websitehttp://www.inb.com/

First generation

The original Illinois National Bank was established in 1886 in Springfield, Illinois. In 1989, the bank was sold to First of America Bank[2] and assumed that name on February 1, 1990.[3] In 1997, First of America was sold to National City Bank, which was in turn sold to PNC Bank in 2008.

Second generation
Illinois National Bank, 322 E. Capitol Ave., Springfield, IL

In 1999, a group of Springfield investors and former employees of the first Illinois National Bank came together to form the second generation INB. The new bank opened on June 21, 1999.[4][1] Beginning with one branch in downtown Springfield, the bank has grown to 13 branches in Central Illinois. INB acquired a remittance processing center in 2000; it is the largest in Illinois outside the Chicago area. Over the years, INB expanded outside the Springfield area by opening branches in Peoria, Bloomington and Champaign. There is also a loan production office in the St. Louis metropolitan area. In 2019, the bank changed its formal name to INB, National Association – shortened to INB, N.A. or INB for most purposes.[5]

Services

INB offers traditional banking products such as checking and savings accounts, mortgage and other loan services, and certificates of deposit; also retirement products like Individual Retirement Accounts (IRA), remittance processing services, and tax preparation services.

References
  1. "Illinois National Bank (INB) History". illinoisnationalbank.com. Retrieved 23 December 2015.
  2. "Bloomington, IL Mortgage and Commercial Loans". illinoisnationalbank.com. Retrieved 23 December 2015.
  3. "InstitutionHistory". ffiec.gov. Retrieved 23 December 2015.
  4. "IRWeblink". snl.com. Retrieved 23 December 2015.
  5. https://www.inb.com/News/111/Its-Official-Illinois-National-Bank-is-INB/news-detail/


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