[Congressional Record (Bound Edition), Volume 150 (2004), Part 1]
[Senate]
[Page 34]
[From the U.S. Government Publishing Office, www.gpo.gov]




       THE STATE BANK OF LINCOLN CELEBRATES 100 YEARS OF SERVICE

 Mr. DURBIN. Mr. President, as the Senate convenes for its 
first session of the new year, I would like to call attention to a 
milestone reached 4 days ago by a financial institution with a long 
history in Lincoln, IL: the State Bank of Lincoln.
  On Friday, January 16, 2004, the State Bank of Lincoln celebrated the 
completion of 100 years of financial service to the community of 
Lincoln and the people of Logan County. The bank first opened its doors 
for business on January 16, 1904, and it has operated as an independent 
bank ever since.
  When the bank began to serve the people of Lincoln, it had $50,000 in 
starting capital. By the end of its first year, the bank's assets had 
nearly doubled to $93,000. That growth has continued through the years. 
Today, the bank has total assets in excess of $170 million, serves the 
community in four locations, and has received an A+ rating from the 
Weiss Rating Service.
  The State Bank of Lincoln has more than $140 million in local 
deposits, and has provided more than $100 million in loans to 
businesses, farmers, and other individuals, to help them achieve their 
goals and dreams. The bank also has invested in the bonds of local 
school districts, colleges, and public entities.
  As the State Bank of Lincoln passes this important milestone in its 
history, I would like to extend my congratulations to all who have 
helped this financial institution serve the community for so many 
years, along with my best wishes for another 100 years of committed 
service to the people of Lincoln and Logan County.

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