About First Pekin Savings Bank

Mission

Our mission is to provide high quality financial services to our community and to promote economic growth and stability within the community while earning a reasonable return. An important role for us is providing the resources that will allow the housing sector of this community to continue to grow and prosper.

As a part of fulfilling our mission, we will provide for –Bauer 5 Star Logo

  • products and services that meet the needs of our customers,
  • the mortgage financing needs of our homeowners and businesses,
  • a stimulating work environment for our employees,
  • the needs of our community through leadership and participation, and
  • continued growth in the financial stability of FPSB.

The FPSB Story

HistoryHistory

First Federal Savings and Loan Association first opened its doors on March 18, 1893 in the Farmers National Bank Building as the Pekin Mutual Building and Loan Association. The Association was incorporated January 31, 1893.  Its first President was Ketcham S. Conklin.  The semi-annual statement of the Association showed 142 members owning 1,805 shares of stock and real estate loans of $54,200.

The object of the original charter was "To build and improve homesteads, and to loan money to the members of the Association, and upon good and ample real-estate security, unencumbered (except by prior loans of this Association), or upon the stock of this Association, to the amount of the withdrawal value of such stock."

The Association commenced active business at the office of its Secretary in Room 1 in the Farmers' National Bank Building.  The Association occupied various locations, including 436 Court Street in 1912, the Arcade Building in 1913, #9 North 4th Street in 1916, and 434 Court Street in 1926 where it remained for 36 years until building a new facility at its present location at 532 Court Street.  The Association was experiencing rapid growth during this time.  In July of 1962, the new office at 532 Court Street was officially opened.  First Federal later purchased the property directly south of the bank and developed additional customer parking.

The Association survived the best part of the Great Depression with minimal difficulty.  Its savings accounts were insured with the Federal Savings & Loan Corporation in 1950.  The organization became Pekin Savings & Loan Association in November 1956 and converted to a Federal Charter in 1960.  The name was changed to First Federal Savings & Loan Association of Pekin.  First Federal was the first financial institution in Central Illinois to install an electronic message center.  They were also the first savings and loan in Pekin to offer a drive-up facility teller window.

Leadership

FPSB Board of Directors

Larry H. Clark, President & Chairman
Eric L. Terlizzi, Attorney
William A. Cash, Corporate Secretary & Chief Accountant Shakespeare Oil Company, Inc.
Trenton Ice, Senior Pastor Grace church of the Nazarene
Jacqueline Malan, College Instructor
Earl Riley, Community Bank President

FPSB ManagementTeam

Earl Riley, Community Bank President & Senior Lender
Ron Harlan, Assistant Vice President & Business & Consumer Lender
Janet Stevens, Assistant Vice President & Customer Service Manager
Julie Young, Assistant Vice President & Loan Doc Prep & Servicing Specialist
Kristi Sloter, Assistant Vice President & Commercial Banking Specialist

FPSB Loan Officer

Earl Riley, Community Bank President & Senior Lender
Ron Harlan, Assistant Vice President & Business & Consumer Lender

  Copyright© 2013 Marion County Savings Bank