TrustBank Named Olney, Illinois 2007 Business of the Year
(March 15, 2007)
TrustBank President and CEO Bruce Runyon said it was a pleasant surprise when the bank won Business of the Year honors at the recent Olney & the Greater Richland County Chamber of Commerce banquet. He and Marketing Officer Deb Phillips said there were 16 people there from the bank, which is usual for the event. Runyon said this attendance is indicative of the level of involvement TrustBank has in the community.
“TrustBank is a community bank,” Runyon said. “It’s important to give back.”
Events and organizations in which the bank is involved include: East Richland Foundation for Academic Excellence; West Richland Academic Foundation; Richland County Recreational Council; Richland County Development Council; Rotary; Olney-Noble Airport Authority; National Wild Turkey Federation; Jake’s Day - Red Hill; Olney & the Greater Richland County Chamber of Commerce; Knights of Columbus; Richland Memorial Hospital Foundation; Richland Memorial Hospital Auxiliary; Olney Central College Foundation; Southeastern Illinois Concert Association; Richland County Relay For Life; American Heart Walk; Christmas Parade Participant; East Richland Sports Boosters; St. Joe PTO; Big Brothers Big Sisters Bowl for Kids’ Sake; Olney Bicycle Classic Corporate Sponsor (TrustBank started this community event); Richland County Fair Corporate Sponsor; Sponsor/Organizer/ Host of the Olney Halloween Parade; and Sponsor TrustBank’s Lawn and Garden Show. Current examples of employees volunteering as coaches for area youth sports teams: St Joe Cross Country; 11-12-year-old Traveling Baseball Team; Little League Baseball; and 5th Grade Basketball. With all the bank employees do, Phillips said they are usually busy all the time. Employees choose to volunteer as a way of making the community a better place to live.
According to information provided by Runyon, TrustBank was formed on September 13, 1912. Originally called Olney Trust & Banking Company, the bank has had two name changes, 10 presidents and much growth since first opening for business. In 1999, Olney Trust Bank purchased Cisne State Bank located in Cisne Illinois. Often times the bank was referred to as "The Trust Bank". With the purchase of Cisne State Bank, it was a logical progression to shorten the bank¹s name to TrustBank, which was trademarked. In 2006, TrustBank purchased a branch of Bank of the Southwest in Tempe Arizona.
TrustBank is a wholly owned subsidiary of Rich Land Bancorp, Inc., a one-bank holding company. As of December 31, 2006, assets were $142.5 million, with capital of $16.4 million. The bank serves the Southeastern Illinois counties of Richland and Wayne with three financial centers: two in Olney and one in Cisne. It also serves the counties of Maricopa and Pinal in Arizona via a branch office located in Tempe. In addition to the traditional full-service branch network, TrustBank offers banking by phone and via the Internet to reach beyond these physical locations. Its service delivery system is designed to make banking more convenient.
Runyon said it is the bank’s mission, “To be the bank whose customers wouldn’t think of banking anywhere else.”
New services in 2006 included: introducing Leasing Services; introducing CheckCard incentive Cash Back Rewards; introducing Remote Deposit for Businesses; participation in Guaranteed Rural Housing Loan through USDA Rural Development (The bank received an award for processing over $600,000 in Loans in 2006.); participation in Richland County Crop Tour; participation in Career Day at ERMS and hosting informational seminars for ERHS classes; and providing programs to East and West Richland high schools.
Runyon said superior companies attract and inspire talented people. He said he believes what he said in his impromptu speech at the Chamber Banquet: “TrustBank employees are great people working for a great bank.”