About Us

The State Bank of Bement was organized on January 9, 1914, at 105 East Bodman Street under a charter issued by the State of Illinois Auditor’s Office by acquiring the assets of H. L. Timmons & Company.  In June 1929, the State Bank of Bement acquired the assets of the First National Bank of Bement, and on March 31, 1930, the State Bank of Bement moved from 105 East Bodman Street to the former offices of the First National Bank of Bement at 201 East Bodman Street.  The State Bank of Bement remained at that location until September 1970, when the financial institution moved its offices across the street to its present location at 180 East Bodman Street.

On April 21, 1981, a multi-bank holding company was formed in Bement.  Organized as Bement Bancshares, Inc., the Holding Company acquired 100% of the capital stock of the State Bank of Bement, and the bank became a subsidiary of Bement Bancshares, Inc.  In April 1985, Bement Bancshares, Inc. acquired 100% of the capital stock of the American Bank in Cerro Gordo, Illinois and The First National Bank of Ivesdale in Ivesdale, Illinois.  On October 17, 2002, Bement Bancshares, Inc. absorbed CGB&L Financial Group, Inc. into the Holding Company, and merged the Cerro Gordo Building and Loan, s.b. with The American Bank.  The name of the financial institution was changed to the State Bank of Cerro Gordo.

In May 2005, the State Bank of Bement acquired property just north of the main banking facility across the railroad tracks along East Wilson Street with plans of constructing a new drive-up facility.  In early 2006, the State Bank of Bement drive-up facility officially opened for business at 181 East Wilson Street.  The facility features four wide drive-up lanes, a walk-up window, and a 24-hour drive-thru ATM.

In 2007, the State Bank of Bement added three new ATMs around the area.  The new ATM locations included a walk-up ATM at the Bement Stop N’ Go in Bement, a walk-up ATM at the East End Tavern in Monticello, and a 24-hour drive-thru ATM located at Deedrick Rentals in Sadorus. In 2009, the bank added another new 24-hour drive-thru ATM located at The First National Bank of Ivesdale.


State Bank of Bement Presidents

1914-1927                            H. E. Shaw
1927-1945                            A. L. Wilkinson
1945-1961                            Lew Wilkinson
1961-1968                            John Hardimon
1968-1987                            Francis Lonnon
1987-2004                            George H. Wilkinson
2004-Present                       Arthur R. Wilkinson


State Bank of Bement
180 East Bodman Street
P.O. Box 140
Bement, IL 61813

Telephone:  (217) 678-2311

Fax:  (217) 678-5321


Banking Hours

Main Lobby – 180 East Bodman, Bement

Monday – Thursday:  9:00 a.m. – 3:00 p.m.
Friday:  9:00 a.m. – 5:00 p.m.
Saturday:  9:00 a.m. – 12 noon

Drive-Thru Facility – 181 East Wilson, Bement

Monday – Wednesday:  7:00 a.m. – 7:00 p.m.
Thursday & Friday:  7:00 a.m. – 8:00 p.m.
Saturday:  7:00 a.m. – 5:00 p.m.


2009 Holiday Closings
New Year's Day Friday, January 1, 2010
*Martin Luther King, Jr.'s Birthday Monday, January 18, 2010
*President's Day Monday, February 15, 2010
*Memorial Day Monday, May 31, 2010
In Observance of Independence Day Monday, July 5, 2010
*Labor Day Monday, September 6, 2010
*Columbus Day Monday, October 11, 2010
*Veteran's Day Thursday, November 11, 2010
Thanksgiving Day Thursday, November 25, 2010
Christmas Day Saturday, December 25, 2010

*Denotes that the drive-up facility will be open for business on this day. Drive-up hours on open holidays are the same as regular business days.