In The News

Mendota, Illinois, January 2, 2024 – First State Bank is announcing that Timothy J. McConville, President/CEO First State Bank, is transitioning to President/CEO of Tri-County Financial Group (TYFG), the holding company of First State Bank. The bank is appointing Kirk Ross, current Executive Vice President, as President/CEO of First State Bank beginning January 10, 2024.

McConville started his career at First State Bank in 1978 as an Agricultural Representative. He was promoted several times throughout the years, becoming President/CEO on October 1, 1994. Tim has served as a director of FSB’s bank board since 1991, and will continue to do so as President/CEO of Tri-County Financial. Under his remarkable leadership, the bank has grown from 4 branches and an asset size of $30.M to 19 branches and $1.5B through several acquisitions and new market growth. As President/CEO, he has provided executive leadership throughout the company, along with leading the enhancement of our operational infrastructure to support this tremendous growth for our employees and shareholders. Tim has created an atmosphere at FSB that encourages community involvement across the company footprint and allows employees to operate with a sense of purpose and feel as though they are a part of something larger. His keen ability to identify and cultivate leaders, has ensured that FSB has an outstanding talent base to carry its purpose forward and continue to make a difference in people’s lives.

Tri-County Financial Board of Directors Chair Tom Prescott commented, “Congratulations to Tim on this transition and his remarkable 46-year banking career! It is hard to overstate the impact he has made during his time at First State Bank. Tim’s hard work and dedication have undoubtedly contributed to the pillars of FSB’s success. His leadership has taken our company to new heights. It’s great that Tim will now have more time for family and other interests. First State Bank is simultaneously fortunate that his wisdom and insight will still be retained as he continues his service as a Director of our company.”
Prescott continued, “Our Board is very pleased to appoint Kirk Ross as Tim’s successor. Kirk has been an integral part of First State Bank’s success over his 30 years on the team. Succession planning has been a top priority at our company and we are very confident that Kirk has the essential skill set to continue on our legacy of success.”

Mr. Ross commented, “First State Bank has built an incredible team in the markets in which we are privileged to work with our customer base. I am excited and honored to continue to be of service to our team and the customers we serve.”
Ross joined FSB in November 1994 as an Assistant Vice President & Ag Loan Officer. In 1997 he was promoted to Vice President & Ag Loan Officer. 1999 brought a promotion as VP Commercial Lending. In May of 2022, he was appointed Secretary of Tri-County Financial, and promoted to Executive Vice President/Sr. Lending Officer in July. Ross was born and raised in Mendota where he currently resides with his wife, Kathy. They have 3 children, Emily, Luke and Olivia. Kirk is a member of Immanuel Lutheran Church, Mendota Lions Club, Treasurer of Mendota Education Foundation and a Mendota Police Pension Trustee.

Regarding this transition, Mr. McConville commented, “Over the past 46 years, I have thoroughly enjoyed working side by side with our talented and tremendous organization of bankers. They continue to serve the hardworking customers in our markets and create a culture of teamwork that makes us an FSB Family.”

First State Bank is a $1.5 Billion community bank committed to providing value-added offerings, backed by exceptional service to the local communities it serves. It does so by providing a combination of cutting edge banking products and conveniences and also employing local professionals who take the time to get to know each customer’s banking needs on an individual basis. First State Bank has 19 locations throughout North Central Illinois. For more information, visit First State Bank’s website at firststatebank.biz.

First State Bank welcomes John Theisinger as Vice President, Commercial/Ag Lending. Theisinger will work out of the bank’s main office at 706 Washington St., Mendota.

“We are pleased to have John join the First State Bank team,” said Tim McConville, President/CEO of First State Bank. “His years of experience and commitment to the communities he’s served mirror the core values of our company,” McConville added.

Theisinger brings more than 25 years of experience in the banking industry in North Central Illinois, with a focus on agriculture and commercial lending. Born and raised on a farm outside of Oglesby, Theisinger attended Illinois Valley Community College and received a degree in Ag Economics from the University of Illinois Urbana-Champaign. He and his wife, Tania, have raised three children and currently reside in Tonica.

With 18 branches providing financial products and services throughout North Central Illinois, First State Bank is a leader in retail and commercial banking. For further information, visit www.firststatebank.biz. 

August 12, 2020 — First State Bank has announced they are donating $63,000 to the Flagg-Rochelle Community Park District’s REC Center, over a 5-year period.

The REC Center - Rochelle Park District will be Rochelle’s centralized hub to improve the quality of life for the citizens of the area. The REC will allow for a variety of activities – including basketball, soccer, volleyball, softball and baseball with the indoor turf and multipurpose flooring in the fieldhouse; to swimming, water aerobics and swim lessons in the aquatic center. Plans include a 24 hour state-of-the-art fitness center and group fitness classroom, along with two multipurpose rooms and an outdoor patio for gathering space; video tours available at www.rochelleparkdistrict.org.

“The Park District is thankful for the support of businesses like First State Bank” said Park District Commissioner, Joe Lenkaitis. “We are grateful for the commitment and generosity of First State Bank while leading the way to strengthen the vision of our community.”

“First State Bank is committed to building up our local communities by financially supporting projects and organizations that benefit the local communities we serve,” said Brent Ohlinger, Community President of First State Bank in Rochelle. “The REC will be an asset to the entire area and First State Bank is proud to be able to contribute.”

First State Bank is a leading financial services provider with 18 branches throughout North Central Illinois. Stay up to date on all of our exciting new happenings. Follow our social media platforms and visit firststatebank.biz for news and announcements. Member FDIC.

Welcome to First State Bank! We are a locally owned community bank and our commitment remains to providing exceptional products and services to the communities we serve. We offer a complete financial services package that includes First State Insurance, First State Mortgage as well as Trust/Wealth Management services.

I understand that over the next several months, there will be changes that occur that will affect your accounts. I would like you to know you can be confident that First State bank has a solid history and strong financial portfolio. Your deposits are safe and secure. All deposits are covered under guidelines defined by the Federal Deposit Insurance Corporation (FDIC).

In today’s banking environment, it is important for you to know that your bank is solid, safe and secure both personally and professionally. From the beginning, First State Bank’s focus has been to be the dominant provider of financial services in North Central Illinois. First State Bank will remain an independent community bank committed to the security of its depositors by maintaining high capital standards. First State Bank also recognizes its civic responsibility to the communities it serves and the rewards of providing a challenging work environment to its employees.

We are committed to making your transition to First State Bank simple and easy. Our team of financial experts is dedicated to providing you nothing less than top of the line, innovative, customer focused products and services. We look forward to providing you a long lasting and enjoyable banking experience. If you have questions, you can check the Frequently Asked Questions, look around our website, visit any of our convenient locations, or call us at 800.362.9632.

As President and CEO, I am very proud of our First State Bank family. Welcome.

Respectfully,

Timothy J. McConville

President/CEO