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The First Trust and Savings Bank of Watseka, Illinois is headquartered in Watseka and is the 148th largest bank in the state of Illinois. It was established in 1909 and as of December of 2019, it had grown to 32 employees at 2 locations. The First Trust and Savings Bank of Watseka, Illinois provides banking services. The Company offers certificate of deposits, online banking, cash management, loans, bills payment, and investment services.
On May 3, 1883, the Iroquois Building and Loan Association, the predecessor of Iroquois Federal Savings and Loan Association, was chartered by the State of Illinois. These types of cooperative home financing organizations referred to in the laws of 1879 as "mutual building, loan and homestead associations" were just beginning to flourish. In August 1936, the association obtained a federal charter and became a member of the Federal Home Loan Bank of Chicago and the Federal Savings and Loan Insurance Corporation.
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