093_HR0469
LRB093 13271 HSS 18540 r
1 HOUSE RESOLUTION
2 WHEREAS, The members of the House of Representatives
3 would like to congratulate The Farmers Bank of Liberty on the
4 occasion of the 100th anniversary of its founding; and
5 WHEREAS, Following a meeting held on June 23, 1903 in the
6 Masonic Hall in Liberty where the community's need for a bank
7 was discussed, The Farmers State Bank of Liberty was
8 established; on July 5, 1904, The Farmers State Bank was
9 technically closed, the charter was surrendered to the State,
10 and the depositors were paid in full; that same day, the
11 directors and officers established a private bank, a
12 "co-partnership" called The Farmers Bank of Liberty, which
13 resumed operations without any interruptions in service to
14 the community; and
15 WHEREAS, The Board of Directors authorized plans for a
16 new bank building in 1913; in 1916, the bank officially
17 opened the Beverly Branch Bank of Liberty; throughout the
18 years, through its loan program, the bank assisted in the
19 opening of several businesses and the building of State Route
20 104 and a four-year high school; the bank expanded to form a
21 branch facility in Barry in 1995; the Payson Branch was
22 opened in 1999; and
23 WHEREAS, In 1905, just 2 years after the bank's
24 formation, assets totaled $65,067; in June of 2003, assets
25 totaled $44,234,667; through prosperity and adversity,
26 through multiple wars, recessions, and the Great Depression,
27 through prosperous farm yields and prices and the agriculture
28 crisis of the 1980s, The Farmers Bank of Liberty has stood
29 and still stands as a monument of responsible helpfulness to
30 the citizens of Liberty and the surrounding territory;
31 therefore, be it
32 RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
-2- LRB093 13271 HSS 18540 r
1 NINETY-THIRD GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that
2 we congratulate The Farmers Bank of Liberty on the occasion
3 of its 100th anniversary; and we thank it for its continued
4 support of the community; and be it further
5 RESOLVED, That a suitable copy of this resolution be
6 presented to The Farmers Bank of Liberty as a token of our
7 respect and esteem and with best wishes for its continued
8 success.