CBI Completes Successful Technology Upgrades at Former SENB Locations in Moline, Expands Services and Strengthens Presence in Quad-Cities and Stateline Areas

CBI Bank and Trust, a leading financial institution based in Muscatine, completed technology updates at former Southeast National Bank (SENB) locations in Moline over the weekend. The update marks the successful completion of a plan put in motion by Central Bancshares Inc., the parent company of CBI, who acquired McLaughlin Holding Company, the parent company of SENB, in October 2023. As a result of this merger, SENB’s client accounts are now part of CBI Bank & Trust’s computer systems and operations.

The seamless transition was a result of months of planning, coordination, and hard work by many talented individuals within the organization. Bob Howard, the regional president of CBI Bank & Trust expressed satisfaction with the smooth transition and extended a warm welcome to clients in the Quad-Cities and stateline areas.

Former SENB Bank clients can now benefit from banking at 24 locations and access to a broader range of services including wealth management, investments, and treasury and cash management services. CBI and F&M Bank, a division of CBI Bank & Trust based in Galesburg Illinois collectively serve approximately 50,000 consumers and businesses through their branches in Iowa, Illinois, and Wisconsin. The total bank assets now exceed $1.5 billion making CBI Bank & Trust one of the largest locally based banks in the region and placing it in the top 10-15% of Iowa banks. Additionally, CBI’s Trust and Investment divisions manage over $1.4 billion in client assets.