History

1903

The First National Bank of Raymond was formed on October 1 with a capital structure of $25,000. It was managed by:

• William Cass, President
• John Miller, Vice President
• J.E. McDavid, Cashier
• Joseph Cass, Assistant Cashier

1922

A new, larger building eclipsed the footprint of the original structure.

1928

The First National Bank purchased Raymond State Bank, the first bank in Raymond. It was established in 1881 by John Green, right where Sorrells Farm Supply sits today.

1970

A new building graced the landscape at First National Bank’s 403 East Broad Street location.

1988

The Information Technology center moved into a new building.

At the invitation of the directors and stockholders, The First National Bank of Raymond intervened to stop a hostile takeover attempt of the State Bank of Virden. The acquisition was completed in November, with the merger of their shareholders stock into Raymond Bancorp, Inc.

1989

Local directors of the State Bank of Girard asked Raymond Bancorp, Inc. to buy the institution and keep daily operations under local ownership and control in August. The bank previously was owned by out-of-state interests.

1992

The Pawnee Banking Center was established on November 2.

1993

The State Bank of Girard and the State Bank of Virden were consolidated into The First National Bank of Raymond on October 1. This resulted in greater operational efficiencies across the entire organization.

1994

December was a busy month. The Morrisonville Banking Center was established, and the Girard branch moved from its downtown location to a new building on Route 4.