PRESS RELEASES

First Community Bank Stockholders Elect Founding Board of Directors
October, 10, 2008
First Community Bank subscribers met this week to formally elect the Founding Directors of the locally-owned and managed community bank. The vote represented the first official action of the subscribers of the Bank’s shares of common stock.

Read the full release.


FCB Home Nears Completion
October, 10, 2008
The permanent home of First Community Bank in Plainfield is nearing completion. We expect to be completely moved in and operational by the end of the year.

Community banks secure despite national turmoil
From Business Ledger
Wednesday, October 08, 2008
By Sherri Dauskurdas, Associate Editor
Amidst panic and speculation about the nation’s financial markets, local bank leaders say the message is only a half-truth, and that community banks throughout the suburbs are holding strong and steady.

Read the full release.


A Good Time to Be a Start-Up
From American Banker
Friday, August 22, 2008
By Steve Johnson and Joe Depa
The last time there was a major banking crisis in the United States was in the late 1980s. As a result of that crisis, the government formed the Resolution Trust Corp. in 1989 to buy assets from insolvent savings and loans at discounted prices. During the first three and a half years of its existence it took control of 737 failed thrifts and acquired assets with a book value of $434 billion.

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First Community Bank in Plainfield announces initial stock offering
July 9, 2008

Plainfield, Illinois —Organizers of First Community Bank of Plainfield (in organization) announce plans to offer stock in the new community bank in mid-July “This is great news for area investors who have been lining up to become shareholders in a new, locally-owned and locally-managed community bank in Plainfield. The Plainfield branch office of First Community Bank of Joliet, which the new bank will acquire upon organization, has reached over $58 million in assets since opening in (November 2006)—clear evidence that community clients gravitate to bankers who are friendly neighbors as well as financial experts,” explains Ethridge.

Read the full release.


Plainfield population still rising
July 10, 2008
By JANET LUNDQUIST

PLAINFIELD -- By now, people living and working in Plainfield are used to ranking among the top of census lists.

It's happened again. Plainfield had the fourth-largest population increase in the state from 2006 to 2007, according to estimates released today by the U.S. Census Bureau.

Read the full release.



Plainfield’s First Community Bank home nears completion with
installation of historic vault door

News Release—March 5, 2008

Plainfield, Illinois —Plainfield’s First Community Bank Founding Board’s decision to purchase a century-old bank vault door for their new permanent home symbolizes their commitment to build a better community bank.

“Our new-to-us bank vault door has secured the valuables of customers in closely-knit communities since the early 1900’s, says John Argoudelis, FCB Founding Board Member. “That enduring history and strength seemed to represent our vision for an authentic locally-owned and managed bank with deep roots in the community. Just like this historic door, we plan to be around a long time.”

Standing in front of the vault door in the new First Community Bank are (l to r) John Argoudelis, Founding Board Member; Carl Holmquist, Executive Vice President; Anne Henderson, Senior Vice President; Brad Hogan, Vice President; and Chris Ramirez, Assistant Vice President.

The 17,000-pound steel door was manufactured by York Safe & Lock Company, York, Pennsylvania—the nation’s leading maker of bank vault doors as well as manufacturers of gun turrets for most of the World War II American battleships. Stevenson Crane Company handled the door lift and placement. Donna Stevenson, owner and CEO of Stevenson Crane is a member of FCB Plainfield’s Founding Board.

Bankers plan on moving into the completed red-brick, two-story Federalist style headquarters this fall. The building, located on Route 30 just north of 143 rd Street, is being constructed by Bob Sohol, owner of R.I. Sohol Construction, Bob is also a member of FCB Plainfield’s Founding Board.

“While we are understandably proud of our ‘bricks and mortar,’” notes Richard Ethridge, president of FCB in Plainfield, “our real passion is to serve the people of Plainfield. Our clients are delighted with a return to uncomplicated banking, above-and-beyond service from local bankers, and First Community’s investment in the future of Plainfield.”

First Community Bank opened in temporary quarters on U.S. Route 30 near 135 th Street in late 2006, and since opening has tallied assets in excess of $60 million.

For construction updates and information about the bank’s personal and commercial services, call (815) 436-6300.

Read the press coverage in the Plainfield Enterprise here.

Press Archives

The Herald News
Thursday, Augsut 2, 2007

Plainfield 5th Fastest-
Growing in U.S.
Forbes.com ranks top 100 booming burbs

The Herald News
Sunday, April 22, 2007

Plainfield bank selects
new location
First Community Bank of Plainfield chooses site for permanent building

The Herald News
Monday, November 6, 2006

First Community Bank announces key executive and staff appointments

The Enterprise- Thursday
August 3, 2006

Ethridge joins First Community Bank as president

The Enterprise- Thursday
June 8, 2006

Banking On Plainfield
Local bank hearkens back to the old days

The Herald News
Thursday, May 25, 2006

Investing in local communities
Plainfield bank: Will be affiliated with Joliet facility

     
First Community Bank -13717 South Rt. 30 Ste 137 Plainfield, IL 60544
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