Muscatine-based CBI Bank and Trust has completed a technology update at the former Southeast National Bank (SENB) location in Moline.
CBI's parent company, Central Bancshares Inc. of Muscatine, completed its acquisition of SENB's parent company, McLaughlin Holding Company, in October 2023. SENB was merged with CBI.
Following a technology update last weekend, all former SENB Bank customer accounts are now part of CBI Bank & Trust's computer systems and operations.
“We are pleased to announce the successful completion of a project we began last year and would like to extend a warm welcome to our clients in the Quad Cities and border (Illinois-Wisconsin) regions,” said Bob Howard, Regional Director. . President of CBI Bank & Trust. “The fact that everything went so smoothly is a testament to months of planning, coordination, and hard work by many talented people across our organization. I'm so proud of their efforts.
“From today, former SENB Bank customers will enjoy the convenience of banking across 24 locations, as well as access to a wide range of services including wealth management, investments, treasury and cash management services,” Howard said. Stated.
CBI and F&M Bank is a division of CBI Bank & Trust, headquartered in Galesburg, Illinois, with 24 branches located in Bettendorf, Buffalo, Coralville, Davenport, Kalona, Muscatine, Wolcott, Washington, and Wilton, USA Serving approximately 50,000 consumers and businesses through Brimfield, Iowa, Buffalo Prairie, Galesburg, Joy, Moline, Monmouth, Peoria, Illinois, Roscoe, and Beloit, Wisconsin. The bank's total assets currently exceed $1.5 billion. In terms of size, this makes CBI Bank & Trust one of the largest locally based banks in its market area and ranks in the top 10 to 15 percent of banks in Iowa. In addition, the bank's trust and investment divisions collectively manage more than $1.4 billion in client assets.
