The idea of a broadly owned local bank in the southwest suburban Chicago area was conceived by 21 organizers in December, 2004. The name “Town Center Bank” was chosen to signify the desire for the bank to be at the heart of the commercial and personal financial activity in any market that we serve.
We submitted our application for permission to organize Town Center Bank to the Federal Deposit Insurance Corporation and the Office of Financial and Professional Regulation of the State of Illinois on July 29, 2005. We were granted permission to organize the bank in April, 2006. Our goal was to attract between 500 and 800 shareholders. We hope our shareholders will be our customers and our salespersons.
Beginning on April 7, 2006 and ending on August 11, 2006, we raised a total of $21,600,000 in capital stock from 925 investors. These new stock holders are either residents of or have financial ties in our southwest Chicagoland market area.
With 17 dedicated employees, we opened our Frankfort temporary office on September 18, 2006 and our New Lenox office on October 16, 2006. Our long term objective is to open additional locations in nearby communities. In all of our locations, our strategy is to offer banking services with attractive rates and fees where customer service is the number one priority. | |  Our management brings more than 150 combined years´ experience to Town Center Bank. Please stop in soon and say hello to (from left) Judy Hageman, Vice President, Bob Taylor, CFO/Senior Vice President, Nancy Long-Graham, Senior Vice President, Andrew Bernhardt, CEO/President, Deanie Clare, Vice President, and David Schnepper, Executive Vice President. | | |
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