The First National Bank of Allendale was chartered by the Office of the Comptroller of the Currency, United States Treasury Department, on July 6, 1906. The bank has prospered, grown, and remodeled its Allendale banking facility three times. In July of 1984, the bank began construction of a full service facility in Mt. Carmel. The branch was opened on December 20, 1984, and expanded in 1994. A second remodel and major expansion of the Mt. Carmel Branch was completed in late 2005.
The First National Bank remains a locally owned, locally managed, independent financial institution. The bank is owned by Allendale Bancorp, Inc. a one-bank holding company, whose home office is also located in Allendale, Illinois. The company has approximately 280 shareholders, 90% of whom live within a 25-mile radius of the bank. From the initial capitalization of $500,000 in 1906, the bank has grown to approximately $160,000,000 in total assets and is the largest financial institution headquartered in Wabash County.
Allendale Facility
P.O. Box 9
301 East Main Street
Allendale, Illinois 62410
Phone: 618-299-4411
618-299-6201 (fax)
Mt. Carmel Facility
P.O. Box 1000
1515 West Ninth Street
Mt. Carmel, Illinois 62863
Phone: 618-263-6511
618-262-4678 (fax)
618-263-3985 (loan fax)
