German American State Bank was chartered on January 21, 1907 and prides itself as being one of the oldest community banks in the state of Illinois. Since the opening of the bank over 100 years ago, German American State Bank has remained committed to serving its communities of German Valley, Seward, Pecatonica, and Winnebago with products and services to help achieve the financial goals of our customers.
German American State Bank has grown from a single branch to now operating four full service locations by opening its second branch in Seward in 1983, followed by Pecatonica in 1999, and Winnebago in 2005. Our staff includes a team of local decision makers who recognize the importance of servicing our customers as a trusted advisor creating a personal relationship with our customers. At German American State Bank, you will meet with a staff member that can help you with your opportunities, questions, or concerns.
Paper Recovery Service Corp. was a company founded ‘ahead of its time” in 1994 by Frank A. Graceffa. Anticipating a growing need throughout the stateline for an increase in paper recycling capacity, Frank began building what today has become the stateline area’s leading document shredding /destruction and metal and paper recycling company.
The business started small, with just a forklift and one downstroke baling machine. As word spread that Frank ‘treated customers right’ the business began growing rapidly. Frank Jr. came on board in 2001 and the company literally began putting the ‘pedal to the metal’, with the addition of Paper Recovery’s Metals Division to buy everything from aluminum cans to large industrial and structural steel.