Albanyville was founded in 1802 by Quinton Albany who settled in the area after moving from Virginia.  The original town name was Spring Lake because the original settlement was around a lake several miles from the river.  Quinton married a mail order bride in 1810 and at least one of their descendents has lived in the community ever  since.  After Quinton's death in 1827 from pneumonia, the town's name was changed to Albanyville in his memory.  The increased availability of shipping caused by the close proximity of Blue River lead to nearly exponential growth towards the river after the civil war.  Much of this can be traced to legendary mayor Grayson Baily.  During his tenure, the city bypassed the neighboring town of Davenport as a major shipping area.  The founding of Callison Publications as well as numerous other locally based industries have made Albanyville one of the major mid-sized cities in the state.  Since the turn of this century, the city has continued to grow with future growth expected.  It is now a popular destination for new businesses and residents due to it's excellent economy, despite the stock market events of recent years, and a relatively low crime rate.