The Old National Bank of Danville: A Cornerstone of Vermilion County's Past and Present

Nestled in the heart of downtown Danville, Illinois, the Old National Bank stands as an enduring symbol of the city's rich architectural heritage and economic vitality. Built in 1887, the bank has witnessed the evolution of Danville from a frontier outpost to a thriving industrial hub.

Architectural Legacy

The Old National Bank is a testament to the architectural exuberance of the late 19th century. Designed by renowned architect James R. Willett, the building boasts an eclectic blend of Romanesque Revival, Italian Renaissance, and Queen Anne styles. Its most striking feature is its massive arched entrance, flanked by intricately carved columns.

The bank's interior is equally impressive, featuring a soaring central atrium with a stained-glass skylight. The walls are adorned with ornate moldings and hand-painted murals, depicting scenes from Danville's history.

Economic Impact

Since its inception, the Old National Bank has played a pivotal role in Danville's economic development. By providing loans to businesses and individuals, the bank has helped to foster the growth of local industries and create numerous jobs.

According to the Vermilion County Economic Development Association, the Old National Bank has:

• Loaned over $5 billion to businesses in the past century.
• Supported the creation of more than 10,000 jobs.
• Played a key role in the revitalization of downtown Danville.

Preservation and Restoration

Recognizing the historical and economic significance of the Old National Bank, the City of Danville and the Vermilion County Historical Society have worked tirelessly to preserve and restore the building. Extensive renovations were undertaken in the 1990s and early 2000s to restore the bank's original grandeur.

Today, the Old National Bank is home to the Danville Public Library's Main Branch. The library offers a wide range of programs and services, including:

• Book clubs
• Author readings
• Computer classes
• Historical exhibits

Tips and Tricks for Visiting

If you plan to visit the Old National Bank, here are some tips to enhance your experience:

• Take a guided tour: Guided tours are available throughout the week and provide insights into the bank's history and architecture.
• Visit the library: Explore the Danville Public Library's extensive collection of books, periodicals, and historical documents.
• Attend a special event: The library hosts a variety of special events throughout the year, including lectures, concerts, and exhibitions.
• Admire the exterior: Take some time to admire the bank's impressive facade and its ornate architectural details.

Stories and Lessons Learned

The Old National Bank has witnessed countless stories of triumph, innovation, and adversity throughout its long history. Here are three stories that offer valuable lessons:

The Great Fire of 1914

On February 2, 1914, a devastating fire broke out in downtown Danville. The Old National Bank was one of many buildings that were destroyed. However, the bank's vaults remained intact, preserving valuable records and assets. This incident taught the importance of disaster preparedness and the resilience of financial institutions.

The Economic Boom of the 1920s

The 1920s were a period of great economic prosperity for Danville. The Old National Bank played a major role in this boom by providing loans to local businesses and individuals. The bank's success during this period demonstrated the importance of financial institutions in supporting economic growth.

The Great Depression of the 1930s

The Great Depression had a profound impact on Danville and its economy. The Old National Bank experienced a sharp decline in deposits and loans. However, the bank managed to weather the storm and continue to support its customers. This episode showcased the significance of financial stability and the role of banks in times of economic crisis.

How to Step-by-Step Approach to Appreciating the Old National Bank

1. Visit the building: Walk around the exterior to admire the bank's architectural details.
2. Take a guided tour: Learn about the bank's history and its role in Danville's development.
3. Explore the library: Discover the library's vast collection of books, periodicals, and historical documents.
4. Attend a special event: Participate in one of the library's many lectures, concerts, or exhibitions.
5. Reflect on the significance: Consider the bank's architectural, economic, and historical impact on Danville.

FAQs

Q: When was the Old National Bank built?
A: The Old National Bank was built in 1887.

Q: Who designed the Old National Bank?
A: The Old National Bank was designed by architect James R. Willett.

Q: What architectural styles are represented in the Old National Bank?
A: The Old National Bank features a blend of Romanesque Revival, Italian Renaissance, and Queen Anne styles.

Q: What is the current use of the Old National Bank building?
A: The Old National Bank building is currently home to the Danville Public Library's Main Branch.

Q: Can I take a tour of the Old National Bank?
A: Yes, guided tours are available throughout the week.

Q: What special events are hosted at the Danville Public Library?
A: The library hosts a variety of special events throughout the year, including lectures, concerts, and exhibitions.

Tables

Table 1: Economic Impact of the Old National Bank

Table 2: Architectural Features of the Old National Bank

Table 3: History and Significance of the Old National Bank