In January, 1991, an investor group led by Joel Salk acquired the First National Bank of Roselle, a $28.0 million bank with $2.5 million in capital, which was originally chartered in 1985. The Bank was recapitalized and the name changed to First Eagle National Bank, to reflect our broader market profile.
In 1994, a new free-standing facility was built one-half mile west on Lake Street and the Bank relocated to Hanover Park, which is referred to as our DuPage County Office. This new facility tripled the size of our existing bank. In 2001, First Eagle built a 15,000 square foot office in Chicago’s West Loop, at the corner of Madison and Racine. The visibility and accessibility - off the Eisenhower Expressway at Racine, off the Kennedy at Madison, and minutes from the Loop - enables First Eagle to further serve the metro-Chicago market. Today, First Eagle Bank has assets in excess of $570.0 million and over $100.0 million in capital.