The First National Bank in Tremont and the village of New Holland announce downtown re-vitalization project

 

[October 23, 2020] 

The First National Bank in Tremont and the Village of New Holland are jointly announcing a large project for the Village of New Holland’s downtown, consisting of a newly constructed bank building located on Route 10, relocating the current Village offices, Community Center and Historical Society and the donation of a building in between the current bank building and the new bank location.

The First National Bank in Tremont is donating their current bank building to the Village of New Holland, along with a $20,000 grant they received from the Federal Home Loan Bank of Chicago, to help pay for remodeling costs of the project. The current bank building will be the new home for the Village offices, New Holland Community Center and the New Holland Historical Society. The First National Bank in Tremont expects to start construction on their new bank branch, located on the corner of Route 10 and Lincoln St, in March 2021 and move into the new facility by year end.

“The New Holland Banking Center’s customer base is a loyal and valuable part of The First National Bank in Tremont. We knew our current location could not sufficiently support the needs of our community without a drive-through service. We were land-locked with nowhere to build one in our current location, but I certainly didn’t want to move out of the business district and leave behind another empty downtown building. When we heard of the Village’s need for a building, we knew we wanted to give back to the community through the gift of our historical building. Being awarded the $20,000 grant from The Federal Home Loan Bank of Chicago was the icing on the cake. This is a win/win for both the bank and the entire New Holland community as we partner together in revitalizing the downtown business district. This is what community banking is all about.” June Kidd, President/CEO of The First National Bank in Tremont.

The Village of New Holland (along with Sheridan Township) are in negotiations to sell the current Community Center to Sugar Creek Wind Farm/Algonquin Power. The former hardware store, located next to the current bank building, is being donated to the Village of New Holland by the New Holland Development Foundation for further downtown revitalization.

"Small town living at its best in New Holland, Illinois! Myself, along with the most supportive trustees on the Village Board are taking action and RESTORING Lincoln Street in New Holland. The Historic Redevelopment of New Holland is important to many of the families in our community. There are several families with ancestors that began New Holland back in 1875. In 2025, New Holland will be celebrating our 150th Anniversary and the Village Board and I hope to make it a memorial event to remember for years to come.” Annie Coers, Mayor of the Village of New Holland.

About the First National Bank in Tremont

The First National Bank in Tremont has total assets of $135 million with offices in Tremont, Hopedale and New Holland, offering a full range of financial products and services. The First National Bank in Tremont is an Equal Housing Lender and Member FDIC. More information about The First National Bank in Tremont is available at www.tremontbank.com.

[Joyce L. Wassell
Marketing Director]