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Planters Bank and Trust Company opened its doors for business in 1920 in Ruleville, Mississippi. In July 1920, the bank had total assets of $268,000. As of December, 2013, the figure has grown to over $750,000,000.00. The bank is now headquartered in Indianola. The bank began to expand into a “system” of banks serving the Central Mississippi Delta region when it opened a branch in Indianola in 1940. In 1941, a branch office was opened in Sunflower, and in 1951, a branch was opened in Louise. The bank expanded to Greenville in 1970 and purchased the Inverness branch from Deposit Guaranty National Bank in 1986. The Cleveland branch opened in 1996 with Greenwood and Leland opening in 1999. The bank now has a total of thirteen full service offices in nine Delta communities. A one-bank holding company, “Planters Holding Company,” was formed in early 1981. Planters Holding Company now owns 100% of the common stock of Planters Bank and Trust Company. Planters Holding Company operates at the same address as the bank office in Indianola.
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Unlike other Chicago-area banks, our heritage traces the advancement and evolution of the banking industry and the growth and expansion of the Chicago metropolitan area. The same local spirit that sparked that original group of early settlers to invest in and finance their town’s growth helped guide us as Old Second expanded throughout Kane, Kendall, DeKalb, DuPage, Cook, LaSalle and Will counties and the surrounding communities. In addition to their commitment to community, our founders’ fiscal discipline remains among our bank’s guiding principles. Backed by an unwavering sense of financial responsibility, we’ve persevered through the most challenging and rewarding economic climates and historical events of the late-19th century, the entire 20th century and the early 21st century. Our balance sheet remains solid, our credit rating remains strong and our dedication to building strong and lasting relationships with our customers remains unparalleled. Since 1871, Old Second consistently has helped businesses and individuals throughout the Chicago area START BANKING. Old Second National Bank is an Equal Opportunity Employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex or national origin. Member FDIC. Equal Housing Lender.