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State Bank of Cherry’s parent company completes purchase of First State Bank of Van Orin · Illinois Valley - Shaw Local

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  State Bank of Cherry, Parent Company completes purchase of First State Bank
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  of Van Orin, Written by Michael Urbanek This article is being read
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  by an automated voice brought to you by Everlet. CherryBank Corporation Inc,
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  the parent company of State Bank of Cherry, has completed its acquisition
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  of First State Bank of Van Orin effective November 1, 2026, according
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  to a news release. First State Bank of Van Oren customers well
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  see no immediate changes to their accounts or services, the release says.
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  The should keep banking at First
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  State Bank of Van Orin until a system conversion plan for summer
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  2027. After the conversion, Van Orin customers will have access to all
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  State Bank of Cherry, branches and expanded services according to the release
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  The bank says it will send customers details well before the conversion.
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  Joanna Engels, president and CEO of State Bank of Cherry, said the
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  combined bank can offer customers more resources, improved technology, and additional banking
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  solutions. First State Bank of Van Oren was chartered in 1919 and
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  serves Northern Bureau County and the surrounding area. It has 40 million
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  in assets, four employees, and locations in Van Oren and Malden according
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  to the release. State Bank of Cherry, founded in 1906, is headquartered
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  in Cherry. It has 139.6 million in assets and fewer than 10
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  employees, the release says. Customers with questions can call State Bank of
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  Cherry at 815-894-2345.