Full Text of HR0479 95th General Assembly
HR0479 95TH GENERAL ASSEMBLY
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| HOUSE RESOLUTION
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| WHEREAS, The members of the Illinois House of | 3 |
| Representatives are pleased to congratulate the staff of | 4 |
| German-American State Bank on the 100th anniversary of the | 5 |
| financial institution; and
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| WHEREAS, When Henry Coffman, Lewis Fosha, and Robert | 7 |
| Wessels were granted permission to organize a bank to be known | 8 |
| as German-American State Bank "with a capital stock of | 9 |
| twenty-five thousand dollars, divided into 250 shares of one | 10 |
| hundred dollars each", the initial stockholders, directors, | 11 |
| and officers could little envision the long-term success and | 12 |
| phenomenal growth that would follow; from 1907 to 2007 the | 13 |
| original capital of $25,000 has grown to $11,552,000; total | 14 |
| assets now exceed $145,000,000; from a total of 3 positions in | 15 |
| 1907 (President, Vice-President, and Cashier), the | 16 |
| German-American State Bank now includes a total staff of 42 | 17 |
| full and part-time employees; and
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| WHEREAS, By 1953 the bank had outgrown the 1907 bank | 19 |
| building and it was demolished and replaced on the same site | 20 |
| with a modern facility; this building would grow in 1962 and | 21 |
| again in 1977 to its present size; in 1996 a complete make over | 22 |
| of the interior was completed; and
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| WHEREAS, In 1982, with changing State regulations in | 2 |
| Illinois permitting branch banking, the bank opened a second | 3 |
| location in Seward in June of 1983; in May of 1997 the bank | 4 |
| opened another branch in Pecatonica, moving from a temporary | 5 |
| location to a new full-service building in the Spring of 1999; | 6 |
| the most recent branch opened in Winnebago in 2005; and
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| WHEREAS, Many people have contributed to the bank's century | 8 |
| of progress; the bank's directors have a long history of | 9 |
| encouraging innovation and growth; the bank presidents, | 10 |
| including James Schneiderman, who currently holds the | 11 |
| position, have willingly embraced changing technology, | 12 |
| regulations, and new product ideas necessary to compete and | 13 |
| grow in the fiercely competitive financial services | 14 |
| marketplace; and
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| WHEREAS, The most important part of the anniversary is the | 16 |
| total commitment to customer satisfaction that the directors, | 17 |
| officers, and staff of German-American State Bank share; | 18 |
| therefore, be it
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| RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE | 20 |
| NINETY-FIFTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we | 21 |
| congratulate the staff of German-American State Bank on the | 22 |
| 100th anniversary; and be it further
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| RESOLVED, That a suitable copy of this resolution be | 2 |
| presented to Jim Schneiderman, President of German-American | 3 |
| State Bank as a symbol of our esteem.
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