Belvidere Bank
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Our History
1908 - 2008: Serving our community for 100 years.
Farmers State Bank began as one location in downtown Belvidere and has grown to become the largest locally owned financial institution in northern Illinois. Now known as Alpine Bancorporation, Inc., this holding company operates 14 locations serving over 60,000 families and businesses. Alpine Bancorporation, Inc. consists of sister banks Alpine Bank and Belvidere Bank and has over $850 million in assets and services 6,900 first mortgages with a dollar value of $620 million. As we have grown over the past 100 years, there have been many changes, but our fundamental mission has remained the same: maintaining great customer service, loyal relationships and a strong commitment to the communities we serve.
Join us for our 100th anniversary celebration January 21-25, 2008.
| Alpine Bancorporation Family History | |
| 1908 | Farmers State Bank chartered and opens in Belvidere. |
| 1923 | Hugh K. Funderburg elected to the board. |
| 1931 | Hugh K. Funderburg elected bank president. |
| 1933 | Farmers State Bank assumes assets and deposits of Peoples Bank. |
| 1938 | Farmers State Bank renamed Farmers National Bank of Belvidere. |
| 1940 | Farmers National Bank assumes assets and deposits of Popular Grove Bank. Farmers National Bank assumes assets and deposits of Cherry Valley Bank. |
| 1944 | Hugh K. Funderburg acquires State Bank of Kirkland. |
| 1946 | Farmers National Bank granted trust powers. |
| 1961 | R. Robert Funderburg elected Chairman of Farmers and Kirkland banks. |
| 1967 | Farmers National renamed Belvidere National Bank and Trust Company. |
| 1971 | Belvidere Bank opens Logan Avenue facility. |
| 1974 | R. Robert Funderburg forms Bank of Cherry Valley. |
| 1975 | State Bank of Kirkland moves to new 7,000 sq. ft. facility. |
| 1976 | R. Robert Funderburg acquires Alpine State Bank. Bank of Cherry Valley moves to new 6,700 sq. ft. facility. |
| 1979 | Belvidere Bank opens North State St. branch. |
| 1981 | Alpine Bank opens Spring Creek/Mulford branch. |
| 1983 | Alpine Bank moves to new 28,000 sq. ft. facility. |
| 1991 | Belvidere Bank moves to new 38,000 sq. ft. facility. Belvidere Bank and State Bank of Kirkland merge. |
| 1992 | R. Robert Funderburg, Jr. elected Chairman. Valley Bank opens Machesney Park branch. |
| 1994 | Alpine Bank and Valley Bank merge. |
| 1995 | Alpine Bank opens East State/Perryville drive up facility. |
| 1996 | Alpine Bank relocates State/Mulford branch to new 46,500 sq. ft. facility. Original Belvidere Bank facility redeveloped as "Landmark Plaza." |
| 1998 | Alpine Bank opens first in-store branch at Logli's Harlem Rd. |
| 1999 | Alpine Bank opens second in-store branch at Logli's East State St. |
| 2000 | Alpine Bank opens third in-store branch at Logli's Charles St. |
| 2003 | Belvidere Bank acquires property in Poplar Grove for future branch. |
| 2005 | Alpine Bank acquires land for future branch on Riverside Blvd. Belvidere Bank opens new 5,200 sq. ft. Gateway Center branch. |
| 2006 | Belvidere Bank opens Bucs branch in Belvidere High School. |
| 2007 | Alpine Bank opens new 4,400 sq. ft. Roscoe branch. Belvidere Bank opens Blue Thunder branch in Belvidere North High School. |
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