Our Story: Since 1885

Collinsville Building & Loan Association was organized on in 1885, making it Collinsville’s first financial institution.

The first annual financial statement in July, 1886 showed loans in force of $8,100.  By October of 1910, the association’s assets had grown to $178,000.  The depression years of the 30’s seemed to have little effect on the growth of Collinsville Building and Loan Association, and by 1933, the year the association became a member of the Federal Home Loan Bank system, assets grew to $878,000.

On January 15, 1941, the association was granted insurance of accounts by the Federal Savings and Loan Insurance Corporation.  This insurance, along with the association’s sound financial status, enabled CB&L to attract additional funds, and savings climbed above 3 million.

The association spent its early years doing business from several locations in the downtown area, primarily at 117 West Main Street in Collinsville.  In 1969, with assets then totaling 16.7 million and with the problem of needed space, the association moved to its new quarters at 321 East Belt Line (now 701 Belt Line Road) in Collinsville.

In March of 1985, Troy Savings & Homestead Association merged with the Collinsville Building & Loan Association and Troy became a branch office with combined assets of $74 million.

In June of 1985 Collinsville Building & Loan celebrated its 100th Anniversary.

In 2010 we proudly celebrated our 125th Anniversary and look forward to continued service in the years to come.

And most recently, Collinsville Building & Loan ended their 126th year with assets of  $132 million, first mortgage loans of $90 million, and deposits of $102 million.

Current Board of Directors

Susan M. Hemker, Keith H. Throm (Chairman)
Michael A. Wrigley, Richard D. Cain Jr., Craig Eversmann

Board of Directors

Emeritus Directors: William G. Jokerst, Joseph P. Ossola, Richard R. Cain Sr.