About Peoples National Bank
The history of Peoples National Bank, chartered as a national bank in 1909, actually began in 1893, when a private firm called Peoples Bank was founded in McLeansboro, Illinois, by John H. Miller. Mr. Miller, a prominent businessman who later served as Speaker of the Illinois House, led the Bank until his death in 1907. In 1909, the trustees reorganized the bank and obtained a national bank charter as Peoples National Bank.
In 1923, Peoples National Bank assumed a portion of the assets and liabilities of the Cloud State Bank, originally organized in 1871 by Chalon Cloud as a private bank under the name Hamilton County Bank. Peoples National Bank also purchased the Cloud State Bank building, which had been built by Chalon Cloud and his father, A.G. Cloud, in 1880-1882.
The distinctive Cloud State Bank building had been designed by the Reid Brothers of Evansville, Indiana, who later designed the famous Hotel del Coronado near San Diego. Now on the National Register of Historic Places, this building is still the home of Peoples National Bank in McLeansboro, and has become a symbol of the long history of the Bank as a strong financial institution… Continue reading about Peoples National Bank here
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