Illinois Bank & Trust Contributes $100,000 for COVID-19 Community Relief Efforts in Illinois
Rockford, Ill. (April 15, 2020) – Illinois Bank & Trust announced contributions totaling $100,000 to support nonprofit organizations in our communities that are leading the response to challenges created by COVID-19.
“We are honored to provide support to the organizations that serve our communities,” said Jeff Hultman, CEO of Illinois Bank & Trust. “I am grateful for these groups and their work to address the challenges so many are experiencing in the wake of COVID-19.”
“Illinois Bank & Trust is driven by our desires to enrich the lives of those within the communities we serve,” said Joe Mattingley, Northwest Illinois Market President of Illinois Bank & Trust. “We are pleased to partner with the Galena ARC for its child care services provided to essential workers that may need these services during this COVID-19 crisis.”
Illinois Bank & Trust is contributing to nonprofit organizations where we live and work. These nonprofits are primarily focused on providing child care and youth activities to our communities.
“Many people, businesses and communities need additional resources and financial help,” said Hultman. “We are donating funds to some of the organizations that are working directly with those affected by COVID-19. We need to work together to address the impacts of this pandemic.”
Throughout the year, nonprofits in our communities count on Illinois Bank & Trust for financial support as well as our time and talents. Employees are provided with one full paid day every year to volunteer for community service. In 2019, our employees volunteered a total of 4,000 hours of service and we donated $125,000 in contributions and sponsorships.
Illinois Bank & Trust is proud to make contributions to the following organizations:
$75,000 for The YMCA of Rock River Valley- COVID-19 Emergency Childcare
Illinois Bank & Trust will be contributing $75,000 to the YMCA of Rock River Valley- COVID-19 Emergency Childcare program. The YMCA has expanded their childcare services for all essential workers in the Rockford community. Funds contributed by Illinois Bank & Trust will help with this program.
"We are overwhelmed with gratitude for the generous gift from Illinois Bank & Trust in support of COVID-19 relief efforts. Ceasing our operations has put a significant financial strain on our YMCA as we shift our focus to serve emergency community needs -- like child care for the children of essential workers. This donation will help fill a gap to ensure we will thrive again when the crisis is over. Illinois Bank & Trust has been a strong partner with the Y and we appreciate their thoughtfulness as we move through this time in our history together,” said Brent Pentenburg, CEO, YMCA of Rock River Valley.
$25,000 for The Galena Art and Recreation Center (ARC)
Illinois Bank & Trust will be donating $25,000 to The Galena Art and Recreation Center. The Galena ARC, in response to the COVID-19 outbreak has taken the initiative to remain open to meet the needs of the community.
“There comes a time when you can't say enough about the great community in which we live. Today is one of those days. Today we were made aware of a very generous donation from Illinois Bank & Trust in the amount of $25,000. This donation is to be used to continue to support child care programming during this trying time as we fight COVID-19. We are so appreciative of this gift as we work every day to keep our families and the kids’ lives as normal as we can. Thank you to all at Illinois Bank & Trust!” said Dave Decker Executive Director, Galena ARC.
Banking Client Relief Actions
Since the beginning of the crisis, Illinois Bank & Trust has enacted a multitude of programs aimed at providing financial relief for consumer, small business, and commercial clients. As an SBA-certified lender, Illinois Bank & Trust is also working with business clients to utilize available CARES Act funding. Please visit our COVID-19 resource center on our website for frequent updates.
Keeping Our Employee Team Safe
Illinois Bank & Trust continues to adapt our operations to the evolving environment. This has included having much of our workforce working remotely from home, modifying bank lobby access, restricting employee travel and group meetings, and intensifying the cleaning regiments of all our locations. Illinois Bank & Trust has also implemented a premium pay increase of 20% for its hourly customer-facing bank branch employees and customer service representatives in our call centers. The bank has also committed to cover all COVID-19 related testing and treatment costs for its primary healthcare plan participants.