EFFINGHAM – Washington Savings Bank is proud to be celebrating 140 Years of Community Banking.

Since 1883, the bank has remained a steadfast strong financial institution serving individuals, families, and businesses in the City of Effingham and surrounding areas.

The Team at Washington Savings Bank invites customers and guests to their Customer Appreciation Day on Friday, September 22nd, 2023. The event be held at their location at 200 S Banker Street, Effingham, IL. A tent will be set up at their north side parking lot where guests can visit to enjoy a porkburger, a bag of chips, a cookie, and a drink! Don’t forget to stop inside the lobby to enter their giveaway!

The mission of Washington Savings Bank is to be a financially strong, progressive bank, serving our customers by providing quality, professional, and innovative products, and services they need and want, in a safe, sound manner with a friendly touch. Congruent with its mission, Washington Savings Bank has been ranked 5 stars every quarter by Bauer Financial since its inception in 1983. This is the highest ranking that can be received and fewer than 1 percent of the nation’s banks can claim this distinction consistently for 40 years. Bauer Financial is the leading independent bank and credit union rating firm and analyzes the performance of US Banks.

Happy 140th Anniversary, Washington Savings Bank!

Washington Savings Bank originally started on Washington Street and eventually moved to the corner of Jefferson and 5th Street Effingham in 1883. Employees divided their time between the teller window and deskwork.



Left picture: James Tolch, Richard Wolters, and William Tolch broke ground in 1971 at the site of Banker Street’s current location. Right picture: The completed exterior of the Banker Street location in 1971.






Today Washington Savings Bank is proud to have five locations. Two in Effingham, two in Mattoon and one in Lerna. All of which are ready to serve their new and existing customers.