Originally called Olney Trust & Banking Company, the bank has had two name changes, 10 presidents and a lot of growth since first opening for business.

When the bank was organized, George A. McGahey was named the president. The first bookkeeper was Lura Bailey and Cashier was James P. Wilson.

According to an article in The Olney Times from June 1913, "When it was learned that Mr. George A. McGahey was to be president and James P. Wilson cashier, the stock was oversubscribed in a few days."

Sixty-eight stock shares were sold at $125 per share.

The bank opened with an operating capital of $50,000 and a surplus of $12,000.

The bank had a five-person board of directors. In addition to McGahey, T.A. Fritchey served as Vice-President, and L.V. Chesrown, Henry Gassmann and Joseph Weiler were directors.

The first building, located on the corner of Whittle Avenue and Market Street, was dedicated on June 16, 1913. The two-story stone, steel and concrete building, now home to another bank, was constructed at a cost of $25,000. The interior, made of marble and mahogany, was decorated by James T. Commins.

Interest-bearing passbook savings accounts were first available in Olney through the Olney Trust & Banking Co.

McGahey served as president until his death in 1925, at which time Wilson became president. Wilson was bank president for 33 years.

The building was remodeled once in 1950, closing off the skylight in the lobby and separating the first and second floors. An air conditioning system, the first in Olney, was also installed in the remodeling.

After Wilson's death in 1958, L.C. Blackburn took over the office. He retired in 1965 and was succeeded by A.A. Korn. Korn's death in 1967 brought another Blackburn to the office of president. Robert L. Blackburn held the position of president until his death in 1972.

It was in that year that Olney Trust & Banking Co. constructed a new building at 600 E. Main Street, the same property where the Olney Sanitarium had been built in 1898, followed by the construction of Weber Medical Clinic.

The main street branch, still home to the bank, has been remodeled twice since its construction in 1972.

Zean Gassmann followed as president after the death of Blackburn and served until the end of the year, when Lawrence J. Weber Sr. took the position.

It was during Weber's presidency that the holding company formed and the name was shortened from Olney Trust & Banking Company to Olney Trust Bank.

After Weber resigned in 1989, Lonnie G. Doan served as interim president until 1990 when John S. Zdychnec started serving in the position. In 1996, Bruce A. Runyon became president and continues in the office.

In 1999, Olney Trust Bank purchased the Cisne branch.

"As we purchased the Cisne Bank, it was a logical progression to shorten the name to TrustBank and we've trade-marked that name. Often times we were referred to as the Trust Bank," Runyon said.

At present, assets are estimated to be $131.8 million with a capital of $13.2 million.

The number of employees has grown sharply as well.

As noted earlier, the bank opened in 1912 with three employees. In 1940, TrustBank employed nine. That number had grown to 24 by 1962. Today, TrustBank employs more that 60 people in its four branches.