The First Bank and Trust Company of Murphysboro Rates & Review

The First Bank and Trust Company of Murphysboro Review

The First Bank and Trust Company of Murphysboro serves its southern Illinois locations with assets in excess of $56 million in 2010.

The bank was founded in 1889 as The First National Bank Of Murphysboro. Today, from its two branches in Murphysboro, one in Carbondale, and five ATM locations, this bank offers checking and savings account plans along with trust services and online banking.

Bank products

Products offered by The First Bank and Trust Company of Murphysboro include a regular checking account, E-Z banking account, passbook savings account, community savings account, NOW account, HSA, customer first checking account, senior citizens checking account, and a money market checking account.

CD rates are available with terms from 32 days to 36 months.

The bank's regular checking account requires a minimum balance of $100 and a minimum balance of $500 to avoid the imposition of fees. For the best bank rates, customers should consider the money market account options offered by the bank.

Bank loans

In addition to savings and checking account options, the bank offers real estate, business, and consumer loans to its customers.

Trust services

For customers of The First Bank and Trust Company of Murphysboro, trust services include administrator/executor and guardianship services along with living, testamentary, escrow and land trusts. The bank's trust department has operated within the community since 1918.

Deposit insurance

The First Bank and Trust Company of Murphysboro has been insured by the Federal Deposit Insurance Corporation since 1934.

In July 2010, FDIC coverage for eligible deposits was permanently increased from $100,000 to $250,000 per depositor. Joint accounts are insured by FDIC up to at least $250,000 per account holder.

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