Bank of Farmington/Integrity Community Bank Targeted Impact Fund Provides $15,000 in Grants
Bank of Farmington / Integrity Community Bank is committed to supporting our communities, now more than ever. Through our partnership with Federal Home Loan Bank of Chicago we are providing $5,000 each to Black Business Alliance – Peoria Chapter, Peoria Elite, and Dream Center Peoria. The Federal Home Loan Bank of Chicago’s (FHLBank Chicago) Targeted Impact Fund was launched in August in order to provide members with grants to support relief efforts for populations hardest-hit by COVID-19 as well as to promote equity and opportunity for communities of color.
"We work hard each day to exceed the needs of our customers and it's especially rewarding to be in position to help our business customers and communities during this extreme time of need", said Joseph L. Higgs, President. "The FHLB Targeted Impact Fund was created to address racial equity disparities and support communities hardest hit by Covid-19.” We’re proud of our partnership with FHLB and proud as well to direct these grant funds to impactful organizations within our communities.”
In addition to the Targeted Impact Fund Grant, Bank of Farmington/Integrity Community Bank obtained $20,000.00 in grants from its strategic partnership with the Federal Home Loan Bank of Chicago earlier this year (June of 2020). This grant money was distributed to 33 local organizations and churches within the banks' market area to further provide assistance to the communities Bank of Farmington/Integrity Community Bank serves. Bank of Farmington/Integrity Community Bank also processed 106 loans totaling $10.8 million under the Small Business Administration's (SBA) Paycheck Protection Program (PPP). This effort has helped small business customers with their payroll related costs and other qualified expenses, saving countless jobs and sustaining small businesses and local communities.
Our Peoria Branch is Relocating!!
Exciting things are happening at our Peoria Integrity Community Bank location!!!! We are delighted to announce that we will be moving into our permanent location just a mile and half from our current location at 6824 N. Frostwood Parkway. On Friday, December 11, 2020, the Frostwood location will close. The following Monday, December 14, our doors will open to our new office at 7810 N. Route 91, Peoria, IL 61615 located near Grand Prairie Shopping Mall. Our new Full-Service office will have Drive-Up lanes, an ATM, Safe Deposit Boxes, Saturday hours and more!! The best part is that you will be meeting with the same friendly staff you have been accustomed to seeing!
We look forward to serving you at the new office offering expanded services!
Beginning December 14th, 2020, visit us at: 7810 N. Route 91, Peoria, IL 61515
Our telephone and facsimile numbers will remain the same. Tel: (309) 306-8939 | Fax: (309) 245-2161
Should you have any questions on the relocation, please feel free to contact us by telephone at
(309) 306-8939, or by e-mail at email@example.com
PPP Loan Effort Nears $11 Million
Bank of Farmington processed 106 loans totaling $10.8 million under the Small Business Administration's (SBA) Paycheck Protection Program (PPP). This effort has helped small business customers with their payroll related costs and other qualified expenses, saving countless jobs and sustaining small businesses and local communities.
PPP was launched through the SBA in early April as a government response to the economic challenges caused by the COVID-19 pandemic and provides a government loan guarantee along with a component of complete loan forgiveness when certain criteria are met.
"We work hard each day to exceed the needs of our customers and it's especially rewarding to be in position to help our business customers and communities during this extreme time of need", said Joseph L. Higgs, President. "Like many community banks, Bank of Farmington was able to get out in front of this program, quickly submit applications through the SBA website, and put loan proceeds to work immediately for our customers." In my 30-year career, I cannot think of a more rewarding time to be a community banker."
In addition to PPP, Bank of Farmington obtained $20,000.00 in grants from its strategic partnership with the Federal Home Loan Bank of Chicago. This grant money will be distributed to 33 local organizations and churches within the banks' market area to further provide assistance to the communities Bank of Farmington serves.
Bank of Farmington was established in 1903 and has a long and rich history of service to West Central Illinois. Currently, Bank of Farmington has $193 million in assets and maintains offices in Farmington, Canton, Williamsfield, and Peoria.
Bank of Farmington, Ipava State Bank, Mid-America National Bank Partner to Provide Financing to Group Purchasing Golf Course
Three local banks have joined forces for the good of the community. Bank of Farmington, Ipava State Bank, and MidAmerica National Bank have agreed to equally split the loan for Wee-Ma-Tuk Hills Country Club, which has been purchased by a group of shareholders.
"We see this as a project for the entire county," said Lewis Pigg, President of lpava State Bank. "The golf course at Wee-Ma-Tuk plays a critical role in economic development. Across all three banks, we felt we needed to work together and do whatever we could to help save the golf course. It's an investment in our community, quite honestly."
"Besides the obvious economic impacts, the golf course serves as a venue for many local fundraisers. Then there's the matter of homes located in Wee-Ma-Tuk," said Joe Higgs, President, Bank of Farmington. "Saving the course is critical to preserving property values. Overall, the loss of the golf course could have a ripple effect on numerous businesses and individuals in the area, not just golfers."
"Wee-Ma-Tuk golf course is such an important part of entertainment and recreation," said Rick Klinedinst, President & CEO, MidAmerica National Bank. "Golfing is something you can do throughout your life, at any age. It's a great way for businesses to network, it's a social outlet, and it's a form of exercise. I personally have so many great memories of good times on this course, and I want future generations to have a chance at making memories as well."
The group of shareholders had hoped to open the course in early spring, but COVID-19 shut-downs meant postponing all plans. When Governor Pritzker gave the green light for golf courses to open May 1, the project quickly got back on track. Much work has been done over the past couple of weeks to prepare the course to open.
Said Pigg, "They will need support in the form of membership, and all involved in this project hope to see the residents of our community take advantage of the golf course."
"We knew that working cooperatively to find a solution would be a win for all involved. The last thing we wanted was to have a recreational void in our community," said Joe Dietz, CEO and Chairman of the Board of Directors, Ipava State Bank.
Bank of Farmington / Legacy Partnership
Bank of Farmington is excited to announce a new partnership with Legacy Investment Services, Inc. Click here to read the Press Release.
Bank of Farmington and Ipava State Bank Agree to Share ATMs, Yet Remain Two Separate Banks
Bank of Farmington and Ipava State Bank have announced a long-term agreement allowing customers of both bank to use ATMs interchangeably, without fees. Click here to read the Press Release.Click here to download a list of the ISB ATMs.
Leading Edge Technology - Core Banking Software
Our core software system and partnership with Shazam Cardinal offers Real-Time Processing, Expanded Security Features, and sophisticated Mobile Banking Enhancements. We always strive to offer the latest in banking technology so you may receive the most efficient, safe, and secure banking transactions. Additionally, we take the time to listen, get to know you, and understand your banking needs. Banking will always be a relationship business and we are excited to bring our 115 years of experience to your market.