Standard Bank Honored for its Service to Local Communities

Jun 27, 2013, 10:30 ET from Standard Bank and Trust Co.

HICKORY HILLS, Ill., June 27, 2013 /PRNewswire/ -- Standard Bank and Trust Co. is one of three recipients of the 2013 Illinois Bank Community Service Award from the Illinois Bankers Association (IBA). The awards were presented on June 26th during the 122nd Annual IBA Conference and Trade Show held in St. Louis. The award honors Illinois financial institutions that demonstrate a high level of service in their communities.   

"The most critical component needed for community growth and development is having people who are actively engaged in making their communities vibrant places to live and work," said Lawrence P. Kelley, Standard Bank's Chief Executive Officer and President.  "The employees of Standard Bank believe in being a strong and positive presence in their neighborhoods.  We are pleased that their commitment is being recognized."

In selecting Standard Bank for this honor, the IBA reviewed the bank's entire portfolio of community service initiatives, not just a single project.  Last year, Standard Bank employees volunteered their time and service to over 170 organizations in Illinois and Northwest Indiana. The bank donated more than $345,000 to local organizations in the Arts, Civic, Education, Health, Professional, and Youth areas. And many employees serve on boards of over 20 organizations and chambers of commerce.

Among the numerous community services the bank provided last year, the award cited the nearly 150 financial literacy workshops given by bank employees. More than 1,000 area residents attended these neighborhood workshops and were recipients of valuable information on budgeting, credit card management, and identity and internet safety.  Standard Bank also made its branch locations available

for the collection of food products, clothing and toys that are distributed to shelters and food pantries throughout its service area. In addition, employees worked with 27 Junior Achievement programs in local schools and mentored students in several other neighborhood youth programs. The bank's Muscular Dystrophy Association campaign raised enough funds to provide summer camp experiences for 35 local children affected with the disease.

About Standard Bank
Standard Bank and Trust Co., a subsidiary of Standard Bancshares, Inc., delivers a wide range of retail, commercial and wealth management services to a diverse and growing client base. With more than $2.2 billion in assets, it is a locally managed neighborhood bank operating 42 banking locations throughout the Chicago area and Northwest Indiana. Founded in 1947, Standard Bank has been supporting local organizations and remains committed to investing in the communities they serve for more than 60 years. Standard Bank and Trust Co. is an Equal Opportunity Employer, Equal Housing Lender and Member FDIC. For more information, visit

SOURCE Standard Bank and Trust Co.