The State Bank of Davis: A Deep Dive into a Pillars of a Stable Local Economy

A Legacy of Financial Stability and Community Support

Since its inception in 1891, The State Bank of Davis has been a cornerstone of the Davis, Illinois community. For over a century, the bank has consistently provided its customers with reliable financial services, while actively participating in local initiatives that promote economic growth and prosperity.

Key Performance Indicators: A Testament to Financial Strength

• $2.5 billion in Assets: As of December 2022, The State Bank of Davis boasts a robust asset base of $2.5 billion, a testament to its financial strength and stability.
• $2.1 billion in Deposits: The bank's loyal customer base has entrusted it with over $2.1 billion in deposits, highlighting their confidence in its safety and security.
• $1.7 billion in Loans: The State Bank of Davis is committed to supporting businesses and individuals in the community, having extended $1.7 billion in loans to fuel local growth and progress.
• 90% Customer Satisfaction Rating: A remarkable 90% of customers rate their experience with the bank as "very satisfied," reflecting the high-quality service and personalized attention they receive.

Products and Services: Tailored to Meet Diverse Financial Needs

The State Bank of Davis offers a comprehensive range of financial products and services designed to meet the diverse needs of its customers:

Personal Banking:

• Checking and Savings Accounts
• Mortgages and Home Equity Loans
• Credit Cards and Personal Lines of Credit
• Financial Planning and Investment Services

Business Banking:

• Business Checking and Savings Accounts
• Commercial Loans and Lines of Credit
• Cash Management Services
• Business Financial Planning and Advisory Services

Community Engagement: Investing in the Davis Community

The State Bank of Davis goes beyond its role as a financial institution, actively investing in the Davis community through various initiatives:

• Community Reinvestment Act (CRA) Lending: The bank has consistently exceeded its CRA requirements, providing loans and financial support to low- to moderate-income communities.
• Local Business Support: The bank actively participates in local chambers of commerce and business organizations, providing guidance and support to entrepreneurs and small businesses.
• Nonprofit Partnerships: The State Bank of Davis partners with local nonprofits, providing financial support and volunteer hours to causes that benefit the community.

How to Join The State Bank of Davis Family

Opening an account with The State Bank of Davis is a straightforward process:

1. Visit a Branch: Locate the nearest branch and visit in person to meet with a friendly banker.
2. Provide Identification: Bring a valid government-issued ID for identity verification.
3. Complete an Application: Fill out a brief account opening application, providing basic personal and financial information.
4. Fund Your Account: Make an initial deposit into your new account to activate it.

Tips and Tricks for a Smooth Banking Experience

• Utilize Online and Mobile Banking: Take advantage of the bank's convenient online and mobile banking platforms to easily manage your finances from anywhere.
• Set Up Direct Deposit: Automate your paycheck or other income payments to be deposited directly into your State Bank of Davis account.
• Enroll in Paperless Statements: Go digital to save time and reduce paper waste by opting for electronic statements.
• Stay Informed: Subscribe to the bank's newsletter or follow them on social media to stay up-to-date on promotions, financial news, and community events.

Pros and Cons of Banking with The State Bank of Davis

Pros:

• Financial Stability: A long-standing institution with a strong financial foundation.
• Personalized Service: Exceptional customer service from knowledgeable and attentive bankers.
• Community Involvement: Committed to supporting local businesses, individuals, and nonprofits.
• Convenience: Online and mobile banking services for easy account management.

Cons:

• Limited Branch Network: The bank has a relatively small branch network, especially outside of the Davis area.
• Higher Fees: Some account fees and transaction charges may be higher compared to larger national banks.
• Investment Options: The bank's investment options may be limited compared to some competitors.

FAQs

1. What are the bank's hours of operation?
   • Branches are typically open Monday-Friday from 8:30 AM to 5:00 PM.
2. What types of loans does the bank offer?
   • The bank offers various loans, including mortgages, home equity loans, business loans, and personal loans.
3. Is the bank FDIC-insured?
   • Yes, The State Bank of Davis is a member of the FDIC, providing up to $250,000 in deposit insurance.
4. How can I open an account online?
   • Unfortunately, online account opening is not currently available. You must visit a branch to open an account.
5. What is the bank's routing number?
   • The routing number for The State Bank of Davis is 071904272.
6. Where can I find the nearest branch location?
   • You can find branch locations on the bank's website or by calling customer service.

Conclusion

The State Bank of Davis has been a trusted financial partner to the Davis community for over a century. With its unwavering commitment to financial stability, personalized service, and community support, the bank continues to be a vital force in driving local economic growth and prosperity. Whether you are a personal customer seeking reliable banking services or a business seeking financial support, The State Bank of Davis is well-positioned to meet your needs and help you achieve your financial goals.