Home   |  About Us   |  Contact Us   |  First National Credit Card   |  Locations

Newest Ideas in Banking








Ottawa and the
The First National Bank

Root crops should be sown when the
moon is rising, and above ground crops when the moon is waning.


The First National Bank of Ottawa has marked over 150 years of innovation, bold initiative, and community leadership as an independent community bank.  The following provides an overview of some historic highlights and insight into the traditions that have served us well, both as an integral partner in the development of our communities and as precursors of our current stature and commitment to customer service and responsiveness.

We honor our rich history and acknowledge our significance in the prominence and influence that is apparent today.  A ledger with The First National Bank of Ottawa's first entry the day the bank began business, June 1, 1865, is displayed for customers and visitors in the main bank lobby.

The First N1886-1904ational Bank of Ottawa has never defaulted on any demand made on it, not insignificant through the events of its long history, which include the panics of 1873, 1893, the financial crisis of 1929 - 1932 and the mortgage crisis of 2007 - 2008.  In 1931 Illinois Governor Henry Horner issued an emergency proclamation closing the banks in Illinois.  The First National Bank, as a national institution refused to comply.

The farsighted and innovative officials of the bank foresaw the incoming crisis, keeping the bank extremely liquid, and advised depositors that they had $1,000,000.00 available at the tellers' windows, helping avert any crisis of confidence or run on the bank by depositors.  The bank is purported to be the only bank in LaSalle County that survived the Great Depression.




During the winter of 1864 - 1865, a number of local businessmen, aware of banking reform taking place throughout the country met to discuss the possibility of a national bank for the community. 1909-1922 At the time, 638 national banks had been organized under the National Currency Act of 1863 and the National 1922-Bank Act of 1864.  In January 1865, subscription books to raise capital for the bank were opened and subsequently about 50 residents raised the required $100,000.  Freeman Clarke, the Comptroller of the Currency issued a charter to The First National Bank of Ottawa in May 1865.  A private bank on the corner of Main and LaSalle Street, owed by W. H. Cushman was purchased and The First National Bank of Ottawa opened for business June 1, 1865.  William Hickling became the President and W. H. Cushman was cashier.  Cushman was married to the former Anna C. Rodney who had been a bridesmaid in Abraham Lincoln's wedding in 1842.

President Lincoln was identified with the early history of the bank both personally and in his capacity of Chief Executive of the United States.  His first documented visit to the community was in 1858 for the first of the now famous Lincoln-Douglas debates with political opponent Stephen Douglas.

There is a brief record of financial dealings between Lincoln and Richard Thorne, who was a director of the bank from 1865 to 1867.  In 1856 Lincoln wrote to Thorne concerning campaign expenses:  "some little expense bills are on me, and I have concluded to draw on you for $20 now, which is ten dollars within the authority you gave me."

Significant historical events involving Lincoln occurred during the same period that the bank was first being established.  In January 1865 while Lincoln was meeting with Jefferson Davis to discuss peace negotiations to end the war, the founding shareholders were organizing the bank.  In May, approximately one month after the surrender of the Confederacy and the assassination of the President, the bank's charter was being issued. 

In 1904, the bank moved to its present location at 701 LaSalle Street and expanded to double the size of its only facility in 1907.  The 1921 expansion included two store buildings to the west behind LaSalle Street.  Upon completion of the 1940 remodel and expansion, a 32 page special edition of the Ottawa Republican Times documented every item, from the 85 gallons of paint used on the walls, to the 135 tons of concrete in the new vault.  One of the State's first drive-through facilities was opened in a remodeled portion of the main building on August 30, 1954.  Touted as the newest innovation for those 'on the move', this precursor to the modern drive-up bank served 1300 in the first 11 days, and 2799 in the first four weeks.  Advertisements from that year invited businessmen to bank from the safety of their cars, farmers to save time by driving through, and parents to bank hassle-free from the convenience of their car with the whole family onboard.

Three more branches in the Ottawa area were added between 1976 and 1988.  The most recent remodeling and expansion of the main lobby was completed in 2002.  This remodeling gave the facade a look reminiscent of the original building.  Expansion continued in 2003 when a branch was built in Morris, Illinois and two branches were acquired in Streator, Illinois from First Midwest Bank.  May 11, 2005, was the grand opening of the newest branch located in Yorkville, Illinois.

While maintaining and developing a stable partnership with its communities, fulfilling an instrumental and essential role through growth and stability, The First National Bank of Ottawa has continued to innovate and to provide the most current products and service to our customers.


The First National of Ottawa is truly one of the first National Banks!



First Ottawa Bancshares, Inc. is the parent company of The First National Bank of Ottawa and its Branches: The First National Bank of Ottawa - Northfield, The First National Bank of Ottawa - Plaza,
The First National Bank of Ottawa - South, Morris National Bank and Trust, Streator National Bank, Yorkville National Bank and Trust, and First National Bank - Minooka.
First Ottawa Financial Services is a division of The First National Bank of Ottawa.

Main Facility: 701 LaSalle Street, Ottawa, Illinois 61350

You may request a copy of our Privacy Policy by calling - 1-866-434-0044, option 0

The First National Bank of Ottawa Website Disclaimer
This website is provided as a source of general information and is not intended to be a direct solicitation of services. Full disclosures may be obtained by contacting any of our offices.
For information regarding The First National Bank of Ottawa's privacy practices, please review our Privacy Policy.

Copyright 2016, First Ottawa Bancshares, Inc. All Rights Reserved

Member FDIC