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ICBA Congratulates TrustBank on 100th Anniversary

(June, 2012)

The Independent Community Bankers of America (ICBA) congratulates TrustBank in Olney, IL for reaching an important milestone in serving its local community.  This marks the community bank’s 100 years in business helping individual and small business customers with their financial needs.

“It’s community banks like TrustBank that drive economic stability and prosperity on Main Street and make their communities a better place to work and live” said Cam Fine, ICBA president and CEO.  “They are the definition of relationship bankers; passionately committed to serving the needs of their local customers and communities.”

Community banks reinvest in their communities every day because they are an integral part of the economic, financial and civic fabric of thousands of towns and cities across America.  They are common-sense lenders that do right by their customers and exist solely to serve the needs of their local customers and communities.

“It’s been an honor to support our community all these years, and to see it grow and thrive” said Mr. Bruce Runyon, President of TrustBank.  “We look forward to continuing our tradition of working hard so that local consumers can experience the community bank difference for years to come.”

Representing more than 24,000 locations nationwide and employing nearly 300,000 Americans, ICBA members hold more than $1.2 trillion in assets, $1 trillion in deposits, and nearly $750 billion in loans to consumer, the agricultural community and local small businesses.  In fact, community banks under $10 billion in assets provide nearly 60 percent of small business loans between $100,000 and $1 million.

Located in small towns, suburbia and big-city neighborhoods, community banks improve the nation’s communities by lending locally.  To find out more about community banks, visit www.icba.org.

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NOTICE OF EXPIRATION OF THE TEMPORARY FDIC INSURANCE
COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.