Farmers State Bank Hillsboro: Your Trusted Banking Partner in the Heart of Illinois

Farmers State Bank Hillsboro has been a pillar of the Montgomery County community for over a century, providing a wide range of financial services tailored to meet the needs of individuals, families, and businesses in Hillsboro and its surrounding areas. Our commitment to our customers is unwavering, and we are dedicated to offering personalized banking solutions that help them achieve their financial goals.

Our Comprehensive Suite of Banking Services

At Farmers State Bank Hillsboro, we offer a comprehensive suite of banking services to meet the needs of our valued customers. Our services include:

• Personal Banking: Including checking and savings accounts, money market accounts, certificates of deposit (CDs), and personal loans.
• Business Banking: Including business checking and savings accounts, business loans, lines of credit, and cash management services.
• Agricultural Banking: Focused on meeting the unique financial needs of farmers and agribusinesses, offering agricultural loans, operating loans, and more.
• Mortgage Lending: Assisting customers in finding the right mortgage loan for their home financing needs, with a wide range of loan options available.
• Trust and Investment Services: Providing expert guidance and personalized investment strategies to help customers manage their wealth and plan for the future.

A Commitment to Community Involvement

Farmers State Bank Hillsboro is an active member of our community. Our team is dedicated to supporting local businesses, organizations, and initiatives that make our town a vibrant and thriving place to live. We believe in investing in the future of Hillsboro and are proud to be a part of this close-knit community.

Key Statistics and Accolades:

• 100+ Years of Service: We have a rich history of serving the Hillsboro community, dating back to our founding in 1914.
• $250+ Million in Assets: Our strong financial foundation ensures that we have the resources to meet the needs of our customers.
• 4.5-Star Rating from BauerFinancial: This prestigious rating reflects our commitment to financial stability and soundness.
• Top-Rated Customer Service: Our team is dedicated to providing exceptional customer service, as evidenced by our consistently high customer satisfaction ratings.
• Community Impact Award from the Hillsboro Chamber of Commerce: We were recognized for our outstanding contributions to the local community.

Why Choose Farmers State Bank Hillsboro?

• Personalized Banking Solutions: We tailor our services to meet your unique financial needs and goals, providing customized solutions.
• Cutting-Edge Technology: We embrace innovation to offer convenient banking services, including online banking, mobile banking, and remote check deposit.
• Dedicated Team of Experts: Our experienced bankers are always available to provide expert guidance and support.
• Competitive Rates and Fees: We offer competitive rates and fees on all of our banking products and services, saving you money.
• Community Involvement: We believe in investing in our community and supporting local organizations and initiatives.

Common Mistakes to Avoid in Choosing a Bank

• Not Considering Your Financial Needs: Choose a bank that offers the services and products that align with your financial goals.
• Neglecting Customer Service: Look for a bank with a reputation for providing excellent customer service to ensure a positive banking experience.
• Overlooking Financial Stability: Choose a bank with a strong financial foundation to ensure the safety of your funds.
• Ignoring Convenience: Consider the accessibility of the bank's branches, ATMs, and online banking services.
• Neglecting Local Involvement: Support a bank that is invested in the community and supports local businesses and organizations.

How to Choose a Bank in 5 Steps:

1. Identify Your Financial Needs: Determine the services and products that are most important to you.
2. Research Banking Options: Compare different banks in your area based on their services, rates, and fees.
3. Visit Branches and Talk to Bankers: Get a firsthand experience of the bank's customer service and the accessibility of their branches.
4. Check Financial Stability: Review the bank's financial ratings and history to ensure its stability.
5. Make a Decision: Choose the bank that best meets your needs and provides the most value.

Pros and Cons of Farmers State Bank Hillsboro

Pros:

• Strong Financial Stability: Backed by over $250 million in assets and a 4.5-Star BauerFinancial rating.
• Personalized Banking Solutions: Tailored to meet your unique financial needs and goals.
• Exceptional Customer Service: Dedicated team of friendly and knowledgeable bankers.
• Community Involvement: Actively supports local businesses, organizations, and initiatives.
• Competitive Rates and Fees: Saving you money on your banking products and services.

Cons:

• Limited Branch Network: Compared to national banks, we only have branches within Montgomery County.
• No ATM Fees: We do not charge ATM fees at our own ATMs, but fees may apply at third-party ATMs.

Stories and What We Learn:

Story 1: Helping a Local Business Grow

A small manufacturing company in Hillsboro approached Farmers State Bank Hillsboro for a business loan to expand their operations. Our team provided tailored financing that allowed the company to purchase new equipment and hire additional staff. As a result, the business was able to increase its production capacity and sales, creating new jobs and contributing to the local economy.

Lesson: Banks can play a significant role in supporting local businesses by providing financing and guidance to help them grow and thrive.

Story 2: Planning for the Future

A young couple in Hillsboro came to Farmers State Bank Hillsboro to discuss their financial goals. Our team helped them create a comprehensive financial plan that included saving for a down payment on a house, investing for their retirement, and protecting their family with insurance. By planning ahead, the couple was able to secure their financial future and achieve their dreams.

Lesson: Banks can be valuable financial partners, providing personalized advice and guidance to help customers plan for their future.

Story 3: Supporting Community Events

Farmers State Bank Hillsboro is proud to support various community events throughout the year. These include the Hillsboro Summerfest, the Montgomery County Fair, and the annual Christmas Walk. Our support helps bring the community together and create memorable experiences for the residents of Hillsboro.

Lesson: Banks can make a positive impact on their communities by supporting local events and initiatives that enhance the quality of life for residents.

FAQs:

Q: What are Farmers State Bank Hillsboro's operating hours?

A: Our lobby hours are Monday-Friday from 8:30am to 4:00pm. Our drive-through is open Monday-Thursday from 7:30am to 4:30pm and on Friday from 7:30am to 6:00pm.

Q: Can I open an account online?

A: Yes, you can open an account online at our website: www.fsbhilsboro.com.

Q: How can I contact customer service?

A: You can reach our friendly customer service team by phone at (217) 532-2351 or by email at [email protected].

Q: Is Farmers State Bank Hillsboro FDIC insured?

A: Yes, all deposits at Farmers State Bank Hillsboro are FDIC insured up to $250,000.

Q: What is Farmers State Bank Hillsboro's routing number?

A: Our routing number is 071906032.

Contact Information:

Farmers State Bank Hillsboro

204 West Seward Street
Hillsboro, IL 62049
Phone: (217) 532-2351
Email: [email protected]
Website: www.fsbhilsboro.com

Table 1: Comparison of Bank Rankings

Table 2: Key Financial Indicators

Table 3: Comparison of Banking Fees