Bank Branches › Closed and merged banks › Illinois › Sherman Community Bank & Trust Company
What happened to Sherman Community Bank & Trust Company?
Sherman Community Bank & Trust Company in Sherman, IL (earlier called Sherman Community Bank) merged into Auburn Peoples Bank of Auburn, IL on May 31, 1988. After 2 more changes of hands, what was Sherman Community Bank & Trust Company is today part of United Community Bank (Chatham, IL).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1979Sherman Community Bank opens in Sherman, IL
- Feb 9, 1987renamed Sherman Community Bank & Trust Company
- May 31, 1988MERGEDSherman Community Bank & Trust Company merged into Auburn Peoples Bank of Auburn, IL.FDIC certificate 22983 ends; its business continues under certificate 22367.
- May 31, 1988MERGEDAuburn Peoples Bank of Auburn, IL merged into Illini Bank of Sangamon County of Springfield, IL.FDIC certificate 22367 ends; its business continues under certificate 19980.
- Jun 23, 2017MERGEDIllini Bank of Sangamon County (by then renamed Illini Bank) of Springfield, IL merged into United Community Bank of Chatham, IL.FDIC certificate 19980 ends; its business continues under certificate 19459.
- TodayOPEN
United Community BankMain office Chatham, IL · FDIC certificate 19459 · 46 offices in 3 states on June 30, 2026Every United Community Bank office → Website on file with the FDIC: www.ucbbank.com
If you still have something from Sherman Community Bank & Trust Company
A lien that was never released
If a paid-off mortgage, home-equity line or car loan still shows Sherman Community Bank & Trust Company as lienholder, start with United Community Bank. In a merger the surviving bank takes over the other bank's loans, so it is the bank to ask for a recordable lien release; if the loan was sold along the way, it can tell you to whom.
The FDIC says it cannot process lien releases for banks that merged or were acquired without government assistance, which is what the record shows here.
Record the release with the same county office that recorded the original mortgage or deed of trust.
An old account, passbook or CD
Ask United Community Bank to search for the account under the name Sherman Community Bank & Trust Company. A passbook or certificate shows an account existed. It doesn't show the money is still there, and the OCC notes that federal rules require banks to keep most account records for five years.
Accounts nobody touches are eventually turned over to a state. The OCC puts the usual wait at three to five years with no activity, set by each state's law. Search the unclaimed-property program of the state of the owner's last known address on the bank's records, and any other state they lived in. It is free to search and to claim through a state's own site, and MissingMoney.com, an official site of the state administrators' association, searches most states at once.
A safe deposit box
Ask United Community Bank which branch now holds boxes from the Sherman Community Bank & Trust Company office you used. The OCC says a box with no activity for three to five years (the period is set by state statute) is likely treated as dormant, and its contents may be turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 22983 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.