About Us

The financial institution, now chartered as The First Savanna Savings Bank originated in 1886. A dozen men applied for a charter on behalf of the Savanna Homestead Loan Association. When the charter was received in May, 1886, there were 21 initial subscribers with a mutual stock issue of 129 shares. After 10 years, a second charter was issued and the name changed to Savanna Savings Building and Loan Association. In 1972, a merger with the Home Building and Loan Association necessitated the purchase of the former A & P grocery store and allowed the Association to expand its office space into the adjoining building. The present entrance and lobby are located in the former A & P building. Finally in 1997, the Association re-chartered into a savings bank which is now, The First Savanna Savings Bank.

It is interesting to note that the bank has had only four (4) managing officers in its history. J. S. Greenleaf was elected to this position and served until 1938. At that time Russell Ward took over the control until he was succeeded by George Siedenburg in 1965. George retired and passed the reins over to Steven McIntyre in 1992.

Over the years, the Association has weathered many storms. There have been several wars, including two "World Wars", the Great Depression, the farm crisis of the 80's, the Savings and Loan crisis of 1989, and the economic bailout in the first decade of the 21st Century. Additionally, the Bank remained open during the floods of 1965 and 1993. Over the years, The First Savanna Savings Bank has prospered and maintained high levels of capital which is the measuring stick of safety and soundness for financial institutions. During the thrift crisis in 1989, The First Savanna Savings Bank was recognized by USA Today as one of the safest thrifts in the nation. Our Capital levels have only risen higher since that time.