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Our History

Founded in 1969 as East Joliet Bank, Merchants and Manufacturers Bank (M&M Bank) started as a traditional, locally owned bank that valued its roles and responsibilities as a community bank.  The Bank primarily operated as a local bank throughout the Seventies before being acquired by a bank consolidator in the Eighties.  The current ownership took control of the bank in 1993 and brought a focused expertise in business banking and a commitment to maintaining the principles of community banking that the institution was founded on.

Since 1993, the Bank has grown five-fold and has been profitable in each of the last seventeen years.  With a strong focus on customer service, M&M Bank has actively grown both facets of its business.  On the retail side, the Bank strives to provide true community banking with an emphasis on knowing our customers and providing unparalleled customer service.  On the business side, we combine these same attributes with everyday access to decision makers and a level of expertise and products usually found only at much larger institutions.

Our Present:
Today, M&M Bank is enjoying continued strong growth while staying true to the conservative principles of safety and soundness.  The results of strong financial management of the bank can be seen in our recent activity and growth, which is occurring at a time when many of our competitors are struggling and failing to meet the critical financing needs of the small to medium size businesses in the Chicago-area.

Solid earnings growth has enabled the Bank to weather the economic downturn and to continue to lend to area businesses.  Since 2008, the Bank has registered over 40% growth in gross loans, even though economic conditions in the Chicago area and nation were soft and uncertain.

M&M Bank is well-positioned to continue its focus on small and mid-size businesses that are the engine of economic growth and job creation in the communities that we serve.  We look forward to continuing to deliver the personal service that has been the cornerstone of our success.