Flanagan State Bank was founded in 1913, and has been family-owned since Hank Schwerin became involved in the 1930's. Hank and his son, Paul's descendents have had stewardship over the bank ever since. The current generation of Hank’s family, mostly his grandchildren, continue to hear customers’ stories of how Hank and Paul helped people out at crucial times in their lives.
Click here for more information on the history of the bank.
When you do business with us, you become a part of our extended family. We won't treat you like a number. You can rely on the fact that our name and your checks won't change every third year when another buyout occurs. We value the relationship we build with our customers. That relationship is what being a part of our family is all about. You can count on us during the best and the most trying of times. Our family is here to stay - hopefully for another 100 years!
The Current Generation
The current generation of the Schwerin family is just as invested in the banking business as their grandfather was when he became co-owner in the 1930’s. Bank President, Kent Schwerin, joined the bank in 1987 after working for the State of Illinois as a bank examiner and working at Citizens State Bank of Cropsey. In 1995 he succeeded his father, Paul Schwerin, as president. He has worked in banking for over 30 years, the majority of which he has invested in Flanagan State Bank. Kent graduated from Cannon Trust School and has participated in many educational events and school programs covering all areas of banking. He is Chairman of the Flanagan State Bank Board of Directors and Treasurer of Hometown Financial Group, Inc.
Kent is a 1975 graduate of Flanagan High School. He attended Wartburg College and graduated in December, 1978 with a Business major and an Economics minor. Kent lives in Flanagan with his wife Kathy. They are the parents of Tracy, Courtney, and Cody. He is an enthusiastic fan of the Green Bay Packers and the Chicago White Sox, and is also an avid fisherman.
Kent’s sister, Audrey Harlan, is Executive Vice President of the bank. Audrey works at the El Paso branch, where she oversees a variety of tasks relating to bank operations and compliance. Audrey is secretary of the Flanagan State Bank Board of Directors. She also serves on the Board of Directors of Hometown Financial Group, Inc. Kent and Audrey have guided the bank's growth to over $100 million in assets (2006).
Audrey graduated from Illinois Wesleyan University in 1995 with a major in Risk Management. Audrey lives in El Paso, Illinois and spends most of her free time with her husband, Joe, and their four children. In addition, she is active in her hometown church in Flanagan.
Kent's brother, Matthew Schwerin, is President of CAPS Financial Group, an affiliate of Flanagan State Bank. CAPS is a no-commission firm offering investment management and financial planning. Matthew contributes to the bank by handling marketing programs and special projects. He serves as Chairman of Hometown Financial Group, Inc. Board of Directors and serves on the Flanagan State Bank Board.
Matthew is a 1983 graduate of Flanagan High School. He graduated from Elmhurst College in Elmhurst, Illinois in 1987 with majors in finance and economics. Matthew earned his Masters in Business Administration from Illinois State University in 1996. He is a CFA charterholder and is a member of the CFA Society of Chicago. Matthew has two children, Colin and Morgan, and lives in Wheaton, Illinois. Matthew enjoys playing basketball, traveling and playing golf. He volunteers with Crown Financial Ministries, where he coaches people in God's way of handling their finances.
The Barrett Family
Hank Schwerin’s daughter, Helen Barrett, and her husband, Dr. James T. Barrett, serve on the Boards of Directors of Hometown Financial Group, Inc. and Flanagan State Bank respectively. James is a retired dentist; Helen has always been very active in her church activities. Helen and James live in Rockford, Illinois.
Hank’s grandson, John Barrett, a computer consultant and owner of Applications Network in Park Ridge, Illinois, serves on the Board of Hometown Financial Group, Inc.