Our History
150 Years and Going Strong
The Havana National Bank
The Havana National Bank, opened for business on May 17, 1875, has proudly served west-central Illinois for almost 150 years. Located along the east banks of the Illinois River in Havana, Illinois, the Bank ended that day with $95,082.31 in total assets, approximately half of which came from capital stock purchased by its nine original stockholders. Francis Low, the first sheriff of Mason County, served as the Bank’s first president for 29 years.
Over time, the Bank grew from its modest beginnings to become a cornerstone to the region’s agricultural economy. The area east of Havana thrives on an abundant natural resource: an underground aquifer supporting one of the highest concentrations of irrigation systems in Illinois. Mason County alone has more irrigation systems than any other county in the state. Along with staple crops like soybeans and field corn, local farmers are able to produce specialty crops such as seed corn, vegetables, popcorn, and melons, all contributing to both the local and national economy.
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Calvin King was a pivotal figure in the Bank’s history. Calvin was appointed president in 1912 after his father, Newton King (one of the original directors), passed away. During the heart of The Great Depression, Calvin and the Bank board ensured the survival of The Havana National Bank by accumulating enough cash to cover all depositors’ funds. By displaying large stacks of cash behind the tellers, customers were reassured and a run on the Bank was avoided. The Bank was one of only two banks in Mason County to survive The Great Depression. The Bank’s assets grew from $1,532,726 in 1930 to $2,400,826 in 1940.
By its 75th anniversary in 1950, the Bank’s total assets had grown to $8,644,585, and by its centennial in 1975, total assets had grown to $36,822,317. In 2000, The Havana National Bank formed its holding company, Community Investment Group, Ltd., and made its first acquisition—two Associated Bank branches in Havana and Lewistown. This initiated a 25-year period of significant growth. Between the beginning of 2000 and the end of 2024, the Bank expanded by adding branches in San Jose, Green Valley, Manito, and Virginia, as well as adding the HNB Financial Center for brokerage & insurance services. By the end of 2024, assets totaled approximately $300 million, reflecting an impressive annual growth rate of 9.2%. Throughout this expansion, the Bank has maintained a strong capital position, without borrowing at the holding-company level, and has consistently paid semi-annual dividends to its loyal shareholders.
Today, The Havana National Bank operates branches across six communities in five counties within a 30-mile radius of Havana. With a strong capital base, a high-performing loan portfolio, and a mission to remain an independent community bank, the Bank is poised to meet the evolving financial needs of its customers. Its focus on agriculture remains steadfast, recognizing the critical role the industry plays in the local economy. The Bank continues to assist farmers in meeting the challenges of funding the production of agricultural products, ensuring the area’s economic resilience.
While staying true to its agricultural roots, The Havana National Bank has evolved by offering innovative financial services alongside traditional products. As we celebrate our 150th anniversary, we remain deeply committed to serving our customers and communities. Guided by our slogan, "Proud of our past. Committed to your future." we look forward to continuing our legacy of financial strength, community engagement, and exceptional service for generations to come.