ILLINOIS BANK & TRUST SCHOLARSHIP | Tom Budd

Contact: Tom Budd, President

Illinois Bank & Trust has five locations in the Rockford area and it holds the largest market share of deposits of any financial institution in the area, according to Federal Deposit Insurance Corporation data. It has roughly 18% of the Rockford-area market with $1.45 billion in deposits, according to the FDIC.

Illinois Bank & Trust has also serves as the premier sponsor for Stroll on State, the region’s biggest one-day holiday festival that draws tens of thousands of people to downtown. It’s under contract to serve as the chief sponsor funding the event through 2025.

Tom Budd, the former president and CEO of Rockford Bank & Trust, serves as its Rockford region president and head of commercial banking.