MENDOTA, Ill. — Tri-County Financial Group Inc., the parent company of First State Bank, ranked 132nd in the American Bankers Association list of the top 200 performing banks in the nation. First State Bank also ranked fourth in Illinois on the list of banks over $1 billion and publicly traded.
The nation’s top performing banks accomplished this by boosting profits and minimizing loan losses despite fallout from the coronavirus pandemic, said Tim McConville, president and CEO of Tri-County Financial Group.
“We are very proud of how our employees responded to the unprecedented pandemic situation. The bank administered the PPP program to help small businesses, performed loan modifications and worked with our mortgage customers,” McConville said.