The $932 million-asset bank was one of only four banks in the nation to be recognized for its philanthropic efforts administered through its Better Fedder Program.
“Since our founding more than 117 years ago, we’ve maintained the community’s well-being as our top priority,” said Josh Deck, OlyFed President & CEO. “We’ve always believed you can do well by doing good, so the better the bank performs the more we can give back to the community we love.”
Every year the bank contributes between 10 percent and 15 percent of its profits back to the local community. Last year, bank employees performed more than 1,200 hours of volunteer service and its management team served on more than 30 local nonprofit boards.
“ICBA is proud to recognize OlyFed and its employees for their efforts to build better communities,” ICBA President and CEO Rebeca Romero Rainey said.
“These efforts serve as a poignant reminder of the important role community banks serve-helping to strengthen local economies and providing personalized support to those in need.”
More than 100 community banks have been recognized by the ICBA National Community Bank Service Awards since the program’s inception in 2002. Bank technology services provider FIS, of Jacksonville, Fla., sponsored this year’s program. Stories about the winners are featured in the September issue of ICBA Independent Banker.