Community Bank was honored as a 2014 Community Service Award recipient by the Illinois Bankers Association (IBA). The Community Service Award is presented to Illinois financial institutions that go "above and beyond" in the area of community service.
The award was presented at the Illinois Bankers Association Annual Conference and Tradeshow, which took place June 18. Walter Healy, President of Community Bank, accepted the award. Healy said, “This is certainly a big gold star for Community Bank. We have been focused on community involvement since the Bank opened over 17 years ago, so this award means a lot to us. It is especially gratifying coming from our peers at the IBA.”
The IBA based their decision on the many ways in which Community Bank excels at community involvement and outreach. In fact, the IBA Awards Committee is lead by The Honorable James Edgar, former Illinois Governor, who remarked that Community Bank’s outreach and involvement was the strongest he had ever seen. The IBA cited the fact that Community Bank directors, officers and staff donate more than 7,600 hours of volunteer time every year – an average of 152 hours per person. The IBA also cited the Bank’s involved with numerous programs and projects, including working with Christ the King Charter School by sponsoring and providing tuition to students who work two days a week in the Bank. In addition, Community Bank is one of the single largest sources of financial support for the Oak Park Regional Housing Center, and two Bank executives serve on their Board of Directors.
The Illinois Bankers Association is a full-service trade association dedicated to creating a positive business climate that benefits the entire banking industry and the communities they serve. Founded in 1891, the IBA brings together state and national banks and savings banks of all sizes in Illinois. Collectively, the IBA represents nearly 90 percent of the assets of the Illinois banking industry, which employs more than 100,000 men and women in over 5,000 offices across the state.
During its seventeen year history, Community Bank has undertaken the sponsorship of many community-wide events and has donated over $2.5 million to various local civic and charitable organizations. Community Bank of Oak Park River Forest was organized in 1996 as a locally owned bank focused on creating financial solutions for individuals, professionals, owners of closely-held businesses and nonprofit organizations in the Oak Park, River Forest and Forest Park communities. Community Bank, which had assets of $275 million as of December 31, 2013, has two locations: 1001 Lake Street, Oak Park and 7777 Lake Street, River Forest.