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 Press Releases About TrustBank


TrustBank Announces Changes to Board of Directors

(July 3, 2012)

Olney, Illinois - July 3, 2012 -   C. L. “Buddy” Glover announced his retirement from the TrustBank Board of Directors in June, 2012.  Glover served as a director of the bank for 22 years (1990 – 2012) and served as Chairman of the Board for the most recent 6 years (2006 – 2012).

With the retirement of Glover, Director John Kermicle was elected to the position of TrustBank Chairman of the Board.  Kermicle has been a member of the TrustBank Board of Directors since April, 2006.

To fill the open position created by Director Glover’s retirement, Bradley Doll was elected to TrustBank’s Board of Directors at the June, 2012 meeting. Doll is the co-owner of Doll’s Concrete.  He is a graduate of East Richland High School, Olney Central College, and the University of Illinois.  Doll is currently serving as President of Olney Little League and the St. Joseph School Board.  Doll and his wife, Mischelle, are both lifelong residents of Olney, Illinois and have 2 children, Reid and Riley.

Board of Directors

Standing left to right:  Gregory T. Kuenstler; Charles W. Diel; Bradley M. Doll; Robert J. Glovitz and Michael T. Thomas

Seated left to right:  Steven L. Schonert; Daniel G. Eagleson; Bruce A. Runyon; John S. Kermicle, Chairman of the Board and Edward E. Shake.



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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.