DISCLAIMER: This page was created as a venue for residents, past-residents and friends of Panama, Illinois to post community events and stay connected. If you have business to conduct with the Village of Panama, please contact the Village President directly.
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ABOUT PANAMA, ILLINOIS
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Panama was founded in 1906 when the Shoal Creek Coal Company o
f Chicago sunk a coal mine shaft here. The town attracted many European immigrants during the mining boom (the mine closed in 1933). Two-thirds of the village is in Montgomery County, with the remainder in Bond County. As of the census of 2010, the population was 343.