On January 28, 1903 Jersey State Bank opened its door for business at 123 West Pearl Street in Jerseyville, Illinois. Jersey State Bank began with capital stock of $25,000 divided into 250 shares of $100.00 each. On January 14, 1904 about one year after opening, the balance sheet reflected Total Assets & Liabilities equaling $262,558.56.
In 1928, the bank moved from its West Pearl location to 100 North State Street in Jerseyville. Much expansion was done in the following 53 years. The Brockman building on the West was purchased in order to add 2 drive-up lanes and a walk-up window. Later the Henry Building on the North was purchased in order to expand the loan department. Operations of the bank continued to grow and it became necessary to relocate the business in order to provide office space, expand drive-up facilities and provide additional parking space for customers.
In 1980, land was acquired at 1000 South State Street in Jerseyville. A new bank was constructed and began operation on May 17, 1981. The present banking house contains approximately 10,000 square feet with 5 drive-up lanes and 62 parking places. On November 16, 1987, Jersey State Bank opened it first branch facility located at 14 East Main Street, Grafton, Illinois, being the first financial institution to establish a branch within Jersey County. The branch was established to meet the convenience and needs of the trade area which the bank now serves. The Data Center which houses its proof, transit and computer operations was moved to a new location at 1303 South State street in July 1994. In April 1996 Jersey State Bank opened its newest branch facility at the Wal-Mart Super Center located at 1316 South State Street in Jerseyville. In 2006, Jersey State Bank incorporated its Data Center back into main banking facility. Jersey State Bank also added on storage areas and future offices to the building. Jersey State Bank recently closed its Wal-Mart facility in March of 2011.
100 years after opening, the balance sheet reflects Total Assets at over $100,000,000.00. Jersey State Bank has been proud to serve Jersey County for the past 100 years and looks forward to its future. It has been a privilege and pleasure to serve the community and customers within trade area. Jersey State Bank is strong financially and desires to independently service its customers for another 100 years.
Main Office
1000 South State Street
Jerseyville, IL 62052
Phone: (618) 498-6466
Grafton Banking Office
14 East Main Street
Grafton, IL 62037
Phone: (618) 786-2311
