State Bank of Bement

the state bank of bement was organized on january 9, 1914, at 105 east bodman street under a charter issued by the state of illinois auditor’s office by acquiring the assets of h. l. timmons & company. in june 1929, the state bank of bement acquired the assets of the first national bank of bement, and on march 31, 1930, the state bank of bement moved from 105 east bodman street to the former offices of the first national bank of bement at 201 east bodman street. the state bank of bement remained at that location until september 1970, when the financial institution moved its offices across the street to its present location at 180 east bodman street. on april 21, 1981, a multi-bank holding company was formed in bement. organized as bement bancshares, inc., the holding company acquired 100% of the capital stock of the state bank of bement, and the bank became a subsidiary of bement bancshares, inc. in april 1985, bement bancshares, inc. acquired 100% of the capital stock of the amer