1st Community Bank
1st Community Bank is an FDIC-insured, locally owned community bank chartered in 1920, operating two branches in Aledo and Sherrard, Illinois. It serves rural western Illinois customers with deposit accounts, agricultural, commercial, consumer, and mortgage loans, plus 24/7 online and mobile banking.
- Company typePrivate
- Founded1920
- HeadquartersAledo, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What 1st Community Bank does
1st Community Bank is a locally owned and managed FDIC-insured community bank, chartered in 1920 and headquartered in Aledo, Illinois. It operates two physical banking centers — one in Aledo and one in Sherrard — serving customers in Mercer County and the surrounding western Illinois rural market. The bank employs between 11 and 50 people and runs a horizontal community-banking model with no disclosed parent company, subsidiaries, M&A activity, or external funding rounds.
The bank's product surface is a conventional community-banking suite. On the deposit side it offers multiple checking tiers (1st For You Checking, Personal Checking, NOW, Super NOW, Money Market), savings products (Statement Savings, Health Savings Account, Christmas Club), certificates of deposit with terms from 31 days to 60 months at APYs of 0.10%-0.80%, and an 18-month IRA certificate. On the lending side it offers agricultural credit lines and term loans, commercial loans and lines of credit, consumer vehicle and home-equity loans, and residential mortgages with balloon and longer-amortization options. Supporting infrastructure includes a 24/7 online banking platform, a mobile app on Apple App Store and Google Play, safe deposit boxes, Visa debit cards with Cirrus/PULSE/SHAZAM acceptance, surcharge-free Allpoint ATM access, and traditional ancillary services such as wire transfers, notary, and tax payments.
Revenue is generated primarily through interest income on the loan portfolio (agricultural, commercial, consumer, mortgage), deposit-account-related fees and net interest spreads, and ancillary transaction fees for wire transfers, overdraft protection, check reorders, safe deposit box rentals, and miscellaneous services. GTM is direct-to-consumer through the two branch locations supplemented by self-serve digital channels. The bank's value proposition centers on local decision-making speed, FDIC-backed deposit protection, and 100+ years of community presence rather than on technology differentiation; no AI/ML capabilities, proprietary models, or technology patents are disclosed in the source data.
1st Community Bank firmographics
Firmographics- Name
- 1st Community Bank
- Legal name
- 1ST COMMUNITY BANK
- Website
- https://1stcommunitybanks.com
- Company type
- Private
- Founded year
- 1920
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- 1st Community Bank is an FDIC-insured, locally owned community bank chartered in 1920, operating two branches in Aledo and Sherrard, Illinois. It serves rural western Illinois customers with deposit accounts, agricultural, commercial, consumer, and mortgage loans, plus 24/7 online and mobile banking.
- Ownership category
- akta.pro rank
1st Community Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)
Keywords
Where 1st Community Bank is headquartered
LocationHeadquarters
- HQ city
- Aledo
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
1st Community Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest Income from Loans: Primary revenue from interest earned on agricultural loans, commercial loans, consumer loans, and mortgage loans
- Deposit Account Fees and Interest: Fees from checking, savings, CD accounts, and interest paid to depositors (rate passthrough)
- Service Fees: Fees from wire transfers, overdraft protection, check reorders, notary services, laminating, fax, photocopies, Illinois license plate stickers, real estate tax payments
- Safe Deposit Box Rental: Annual rental fees for safe deposit boxes in various sizes
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Regular Savings - 0.05% APY with $25 minimum |
| Subscription | Monthly | NOW Accounts - 0.05% APY with $1,000 minimum |
| Subscription | Monthly | Super NOW Accounts - 0.05-0.10% APY |
| Subscription | Multi-year contract | Certificates of Deposit - 31 Day to 60 Month terms |
| Subscription | Multi-year contract | IRA 18 Month Certificate - 0.45% APY |
| Subscription | Annual | Christmas Club 2026 - 0.35% APY |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
1st Community Bank product offering
Product offeringCore offering
1st Community Bank is a locally owned community bank chartered in 1920 that provides traditional deposit and lending services to individuals, farms, and small businesses through two physical banking centers in Aledo and Sherrard, Illinois, supplemented by 24/7 online and mobile banking. Its core offerings include checking, savings, CD, and IRA deposit products; agricultural, commercial, consumer, and mortgage loans; VISA debit cards; safe deposit boxes; and ancillary services such as wire transfers, notary, and bill payment.
Product overview
1st Community Bank is a locally owned and managed community bank chartered in 1920, offering a unified suite of traditional banking products and services. The portfolio centers on deposit products (Checking Accounts including 1st For You Checking, Personal Checking, NOW, Super NOW, and Money Market; Savings Accounts including Statement Savings, Health Savings, and Christmas Club; Certificates of Deposit and IRAs) and lending services (Agricultural, Commercial, Consumer, and Mortgage loans). These core products are supported by supplementary services including Debit Cards, Safe Deposit Boxes, 24/7 Online Banking with Mobile App, wire transfers, and other traditional banking services. The bank operates as a single-platform community bank without modular add-ons, with all products accessible through its two physical banking centers in Aledo and Sherrard, Illinois.
Differentiator
Problem solved
Functional benefit
Products and services
- 1st For You Checking Account
- Personal Checking Account
- NOW Account
- Super NOW Account
- Money Market Savers Account
- Statement Savings Account
- Health Savings Account (HSA)
- Christmas Club Account
- Certificates of Deposit (CDs)
- IRAs (Individual Retirement Accounts)
- Agricultural Loans
- Commercial Loans
- Consumer Loans
- Mortgage Loans
- VISA Debit Cards
- Safe Deposit Boxes
- 24/7 Online Banking
- Mobile Banking App
- Additional Banking Services Supplementary services including money orders, cashier's checks, overdraft funds transfer, wire transfers, bank-by-mail, night depository, telephone transfers, combination statements, real estate tax payments, Illinois license plate stickers, notary public, laminating, fax, and photocopy services for individual and business customers.
Companies that use 1st Community Bank
Customer profileSegments4 records
Ideal customer profiles4 records
1st Community Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
Feature3 records
1st Community Bank partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Federal Home Loan Bank of Dallas (FHLB Dallas)coreFHLB Dallas and 1st Community Bank partnered to award grants to Dallas-Fort Worth nonprofits for housing, education, and economic mobility initiatives. 1st Community Bank participated as one of six member banks in this community investment program.
- Allpoint ATM Networkcore1st Community Bank is a member of the Allpoint ATM Network, providing customers surcharge-free ATM access at thousands of locations nationwide. The bank also offers a mobile app for locating ATMs.
Scale indicators3 records
Recent moves5 records
Expansion highlights3 records
1st Community Bank competitors and assessment
Company assessmentDirect peers
- Midland States Bank: Illinois-headquartered community bank with agricultural, commercial, and consumer lending alongside deposit products. Operates a similar relationship-based community banking model in rural and small-town Illinois markets, making it a strong scale-up peer.
- Pinnacle Bank: Community bank focused on small business, agriculture, and consumer banking in small-town and rural markets across multiple Midwestern states. Comparable operating philosophy of relationship-based community banking with similar product offerings.
- Heartland Bank and Trust Company: Illinois-based community bank offering deposit accounts, ag lending, commercial, consumer, and mortgage loans across multiple branches. Closely comparable in product mix, customer segments, and community-bank operating model to 1st Community Bank, with broader geographic reach across central Illinois.
- Morton Community Bank: Illinois-based community bank providing personal and business banking including ag, commercial, mortgage, and consumer lending. Directly comparable in customer segments and product mix within the Illinois rural banking market.
- Blackhawk Bank: Small Illinois community bank serving retail and small business customers with deposit products, consumer lending, mortgages, and commercial loans. Directly comparable in scale, community-banking positioning, and service mix to 1st Community Bank.
- Farmers State Bank: Rural community bank with a strong agricultural lending franchise alongside standard deposit and consumer products. Comparable in ag lending emphasis and small-town community banking model to 1st Community Bank.
- First Bankers Trust Company: Illinois community bank offering deposit accounts, commercial lending, ag loans, and mortgages to individuals and small businesses. Operates a similar relationship-driven community banking model with overlapping product set and customer base.
- CNB Bank & Trust: Small Illinois community bank offering deposit accounts, ag lending, commercial loans, and consumer mortgages. Directly comparable in scale, geographic focus on rural Illinois, and product portfolio to 1st Community Bank.
Broad incumbents
- Busey Bank: Established Illinois community and commercial bank offering deposits, ag lending, mortgages, and commercial banking services. Overlapping customer base and product mix with 1st Community Bank but with a wider branch network and broader digital capabilities.
- First Mid Bank & Trust: Larger Illinois community banking franchise with a full suite of deposit, ag, commercial, mortgage, and wealth management products. Comparable business model and customer segments, but materially larger scale than 1st Community Bank.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
1st Community Bank compliance and trust
Trust signalCompliance2 records
1st Community Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
1st Community Bank leadership team
Management profileNumber of profiles
1st Community Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
1st Community Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 1st Community Bank
What does 1st Community Bank do?
1st Community Bank is a locally owned community bank chartered in 1920 that provides traditional deposit and lending services to individuals, farms, and small businesses through two physical banking centers in Aledo and Sherrard, Illinois, supplemented by 24/7 online and mobile banking. Its core offerings include checking, savings, CD, and IRA deposit products; agricultural, commercial, consumer, and mortgage loans; VISA debit cards; safe deposit boxes; and ancillary services such as wire transfers, notary, and bill payment.
Is 1st Community Bank a public or private company?
1st Community Bank is a private company. It is classified as unknown and is currently operating.
When was 1st Community Bank founded?
1st Community Bank was founded in 1920. It employs 11 to 50 people.
Where is 1st Community Bank based?
1st Community Bank is headquartered in Aledo, United States, in the North America region.
How does 1st Community Bank make money?
Four revenue lines are on record. Interest Income from Loans are the primary driver. The others are deposit Account Fees and Interest, service Fees and safe Deposit Box Rental.
Who are 1st Community Bank's main competitors?
Direct peers on record are Midland States Bank, Pinnacle Bank, Heartland Bank and Trust Company, Morton Community Bank, Blackhawk Bank, Farmers State Bank, First Bankers Trust Company and CNB Bank & Trust. Broad incumbents are Busey Bank and First Mid Bank & Trust.
Does 1st Community Bank have an API?
No public API is recorded for 1st Community Bank.
What industry is 1st Community Bank in?
1st Community Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAI, Small Business Banking (Microbusiness/Sole Proprietor). Its NAICS code is 52211 and its SIC code is 6022.