- Business
- Pontiac Bancorp, Inc. (PONT) is a bank holding company for Bank of Pontiac, a community bank providing commercial and retail banking services to individuals, businesses, and agricultural customers primarily in Livingston, Grundy, Tazewell, McLean, and Ford Counties in central Illinois. The Bank offers deposit products including checking accounts, savings accounts, money market accounts, and certificates of deposit; consumer and mortgage lending solutions such as home equity loans, personal loans, and residential mortgages; commercial and business banking services encompassing business checking, loans, cash management, and automated clearing house services; agricultural financing including equipment, livestock, real estate, and operating loans; as well as trust services, discount brokerage, crop insurance, loan insurance, and payment protection plans. Digital and convenient banking options include online banking, mobile banking, bill pay, debit/ATM cards, telebanking, e-statements, direct deposit, automatic funds transfer, and real-time payments (RTP). Bank of Pontiac operates branches in Pontiac (main and west), Odell, Dwight, Forrest, Fairbury, Coal City, Bloomington, Minier, Delavan, Paxton, Piper City, and Melvin, with ATMs throughout its market area; the company maintains headquarters at 300 West Washington Street, Pontiac, Illinois, and traces its origins to 1947 when Bank of Pontiac opened, with the holding company formed in 1982. In September 2023, Bank of Pontiac announced the acquisition of three branches from Farmers-Merchants Bank of Illinois in Paxton, Melvin, and Piper City, involving approximately $157 million in deposits and $22 million in loans, which closed in early 2024 and expanded its footprint while increasing total assets to around $1.16 billion.