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updated: 7/16/2012 12:38:52 PM
Bank Hopes Giving Plan 'Sets The Bar'
Moore says a public/private partnership is key to accelerating economic recovery.
The chief executive officer of Martinsville-based Home Bank SB hopes a program aiming to improve the quality of life in Morgan County "sets an example" for other businesses and organizations to get involved. Dan Moore says Morgan County has "many needs," and he believes the effort to use part of the bank's earnings to address those issues is a step toward "leaving the region better than we found it."
IIB Twitter Watch
July 16, 2012
News Release
Martinsville, Indiana, July 13, 2012 --- Dan L. Moore, President and CEO of Home Bank SB, today announced a major initiative by the bank to take leadership in improving the quality of life for citizens in Morgan County. This plan includes the formation of strategic partnerships with selected non-profit organizations and directing a portion of the bank’s earnings to projects targeting the most critical needs in our community.
“We are pleased to set an example of how the business community can step up and lead the way to address the many challenges we face in this county,” stated Moore. “Home Bank’s employees and directors are passionately committed to investing significant resources toward making positive change.”
Home Bank’s unique organizational structure is a key part of this initiative. The bank was chartered in 1890 as a mutual institution which essentially means that it is owned by its depositors. Without private ownership or stockholders, the bank’s profits are allocated entirely to its capital reserves, resulting in greater fiscal strength and resources for community support. Moore commented, “Mutuality is at the very heart of our purpose, of how we do business. It is the driving force behind our focus on customers and the community.”
This month the bank is also announcing the first of its major financial gifts. Recognizing the pervasive impact of cancer and lost opportunities to save lives through early detection, the bank has formed a partnership with IU Health/Morgan Hospital to underwrite free screenings during the 2012 Morgan County 4-H Fair. Physician screenings for prostrate, breast, skin, colorectal, lung, head, neck and oral cancer will be provided to the community at no charge. Morgan Hospital CEO Doug Puckett stated, “With Home Bank, we share the common objective to bring services for cancer detection and prevention directly to members of our community. Our hope is to reach as many individuals as possible and ultimately save lives.”
“We are pleased to partner this month with IU Health/Morgan Hospital,” said Moore. “Like the hospital, the members of our Home Bank family have embraced a vision to make a better life for our friends and neighbors.”
For more information, including a schedule of the screenings, please visit any Home Bank location, the bank’s website at www.homebanksb.com or IU Health/Morgan Hospital’s site at www.iuhealth.org/morgan.
Source: Home Bank
