History of Commercial Bank & Trust

Milestones

  • The charter for Commercial Bank was signed April 21, 1877, and the bank opened for business on May 15, 1877, under the name of Commercial Bank of Paris.
  • On May 8, 1922, Commercial Bank purchased the Bank of Henry in Paris for $100,000.00, and the charter was amended to give the Bank trust powers. At this time, the name was changed to Commercial Bank and Trust Company.
  • On October 20, 1933, directors authorized officers to make an application to join the Federal Deposit Insurance Corporation (FDIC), and the bank has maintained membership since that time.
  • In November 1983, R. Molitor Ford and William W. Deupree purchased Commercial Bank and Trust Company from more than 300 shareholders.
  • In May 2012, Commercial Bank celebrated its 135th Anniversary.
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