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Home > About Us > Our History

Our History

1908 - 2008: Serving people, businesses, and our communities for 100 years.

Farmers State Bank began as one location in downtown Belvidere, Illinois, and has grown to become the largest locally owned financial institution in Northern Illinois. Now known as Alpine Bank, we operate 14 locations serving over 60,000 families and businesses. We have over $850 million in assets and service 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.

 

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.
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.
2008	Alpine Bank and Belvidere Bank combine under the name of Alpine Bank.