News

TEMPORARY LIQUIDITY GUARANTEE PROGRAM 5/20/10

Our institution has chosen NOT to participate in the FDIC's Transaction Account Guarantee Program. Our customers with non-interest bearing transaction accounts will continue to be insured up to $250,000 under the FDIC's general deposit insurance rules.

$100 BILL UNVEILED 4/29/10

The Treasury, the FRB, and the Secret Service have released the new design for the $100 bill which will be issued on February 10, 2011. The design incorporates new technology to combat counterfeiting including a 3-D security ribbon that contains images of bells and 100s that move and change from one to the other, and a bell in an inkwell that changes color when the bill is tilted. A new web page has been created that explains these and other security features. Web Site¥  

Please note that it sometimes takes a few weeks for new currencies to work their way to our Bank. If you are interested in collecting this new bill, please call your branch first, to make sure we have a supply.

TOWN AND COUNTRY BANK PARTICIPATES IN THE SECOND ANNUAL MONEY SMART WEEK 4/28/10

Springfield, IL – The Federal Reserve Bank of Chicago and the Capital Area Money Smart Advisory Council (CAMSAC) had the second annual Money Smart Week during the week of April 17th, 2010. Town & Country Bank participated by providing classes and by having staff members serve on the CAMSAC.

Town & Country Bank offered three (3) classes. A Houshold Budgeting class that provided a sample household budget and compared attendees spending to national averages. The Imporance of Your Credit Score class showed attendees how to check their credit score, how to dispute errors and how to improve their credit scores. The final class, First Time Home Buyer, educated attendees regarding first time home buyer programs and helped them devise a plann to eventually buy a home.

Money Smart Week was developed to promote financial literacy and provide personal financial education to consumers in the capital area. All seminars, classes and workshops provided during the week were free to the public and took place at various times and locations.

TOWN & COUNTRY BANK HELPS RAISE OVER $10,000 FOR THE SALVATION ARMY
IN LESS THAN 3 WEEKS 2/1/2010

Town & Country Bank announced the results of its fundraising effort for the Salvation Army totaled $10,124.66.  The check was presented to Salvation Army representatives on January 29, 2010 at the Greater Springfield Chamber of Commerce 141st Annual Gala & Banquet.  Town & Country Bank was also the presenting sponsor for the gala. 

“We are very pleased with the results,” said Micah Bartlett, president & CEO of Town & Country Bank.  “We are honored that so many contributors came together to serve the critical needs of our community by helping the Salvation Army continue its worthwhile programs,” he added.

The fundraiser was kicked off January 11, 2010 in an effort to help the Salvation Army offset shortfalls in their annual fundraising.  Red Kettles were placed in each of the four Springfield branches of Town & Country Bank.  The bank’s employees, customers, and community neighbors all contributed to the effort, along with the bank’s own matching contribution. 

TOWN & COUNTRY BANK TO MATCH FUNDS RAISED FOR THE SALVATION ARMY OF SPRINGFIELD 1/11/10

Town & Country Bank in Springfield has announced it is leading an intensive fund raiser for the Salvation Army of Springfield to help offset shortfalls in their annual fundraising.  “The Salvation Army is a critical organization in our community and they are facing budget shortfall,” said Micah Bartlett, President and CEO of Town & Country Bank.  “We felt we needed to do more to help the Salvation Army provide essential services and we are excited to use our long-time network of customers, employees and neighbors as a platform to help the organization meet its budget.”  Town & Country Bank will contribute a dollar-for-dollar match up to $3000 donated. 

The fundraiser, beginning immediately and ending Friday, January 29, 2010, will make use of the Salvation Army’s red buckets in each of Town & County Bank’s four (4) locations.  Customers and other members of the community are encouraged to stop by any branch and drop cash or a check into the bucket, or give our bankers your donation.

“This is going to help us tremendously,” said Major Paul Logan.  “We are over $70,000 short of making our Tree of Lights goal,” he said.  The Tree of Lights goal represents just half of the Salvations Army’s annual 2010 budget.  The annual budget includes the provision of services the Salvation Army offers all year, such as; the homeless shelter which serves 40 homeless people 365 days of the year and the food pantry that serves over 16,000 people.  “We are very grateful for the donations we have received and thank Town & Country Bank for stepping up to help us, so we can in turn help our friends and neighbors,” stated Logan.

Town & Country Bank will present the Salvation Army a check for the proceeds of the fundraiser at the Greater Springfield Chamber of Commerce 141st Annual Gala & Banquet on January 29, 2010 at the Crown Plaza Hotel.  Town & Country Bank is the presenting sponsor of the 141st Annual Gala and encourages businesses to participate in this matching program for the Salvation Army.

FORMER TOWN & COUNTRY BANK PRESIDENT DIES 11/30/09
http://www.sj-r.com/business/x441562106/Former-Town-Country-bank-president-dies

LARRY ANDERSON NAMED COMMUNITY BANK PRESIDENT FOR
TOWN & COUNTRY BANK 08/10/09

DECATUR, IL - Town & Country Bank announced that Larry Anderson has been named Community Bank President for the Macon County region. 

“I’m looking forward to this opportunity,” said Mr. Anderson.  “We want to show the Decatur area just what ‘Community Bank’ means,” he said.  Mr. Anderson went on to explain the Town & Country Bank dedication to personal service – as well as the commitment to the communities where Town & Country Bank employees live and raise their families. Town & Country Bank is proud to be expanding its presence and adding resources in the Decatur market, especially during these difficult economic times.  Customers appreciate, now more than ever, the type of service that a community bank provides while larger regional banks are becoming more distant from the specific needs of the local community.

Mr. Anderson is a graduate of the University of Missouri at St. Louis, earning a Bachelor’s Degree in Economics. He has over 30 years of experience in the financial field, including retail banking, and consumer and commercial lending. Mr. Anderson is involved in many community organizations in the Decatur area.

TOWN & COUNTRY BANK AND LOGAN COUNTY BANK ANNOUNCE SPECIAL LOAN PROGRAM FOR STATE OF ILLINOIS EMPLOYEES 07/13/09

Town & Country Bank and Logan County Bank will again make short-term unsecured loans available to employees of the State of Illinois who do not receive their normal paychecks due to the budget crisis.  The no cost loans are available to customers of the banks (subject to loan approval) who have direct deposit of their payroll.

“We understand the anxiety the budget crisis causes for employees of the state, especially during these uncertain economic times,” stated Micah Bartlett, President of Town and Country Financial Corporation.  “We believe this program can help alleviate any unnecessary financial hardship at home for our customers,” he said.

For more information, please call Town & Country Bank at 217.787.3100 or Logan County Bank at 217.732.3100, or stop by any of our branches.

TOWN AND COUNTRY FINANCIAL CORPORATION MERGES AFFILIATES TO IMPROVE CUSTOMER CONVENIENCE 07/10/09

 SPRINGFIELD, IL – Town and Country Financial Corporation (OTCBB: TWCF) announces the merger of the branches of Town & Country Bank in Forsyth and Mt. Zion with the Town & Country Bank in Springfield.  Also included in the combined bank is the loan production office (LPO) in downtown Decatur. 

“We believe that the simplification of our organizational structure provides the best opportunity to serve our customers better while also becoming more efficient.  We feel the streamlined structure will allow the bank to focus on quick response to customers’ needs, provide convenient locations to all Town & Country Bank customers, introduce new products and services faster, and eliminate unnecessary bureaucracy,” said Micah Bartlett, President of Town and Country Financial Corporation. 

In conjunction with the merger of the LPO in Decatur and branches in Forsyth, Mt. Zion and Springfield, Town and Country Financial Corporation has also merged the Buffalo branch of Town & Country Bank with Logan County Bank in Lincoln, which is another subsidiary of the Company.  This strategy will allow these branches to focus more on products and services designed to meet the specific needs of these communities.