Bankers donate $47,000 to tornado victims

Northwestern Financial Review, Sep 19, 1998

United Bankers' Bank with the Minnesota Bankers Association and the Independent Community Bankers of Minnesota worked together with community bankers throughout Minnesota to raise $47,136.65 for victims of the March tornadoes in Southern Minnesota. These funds recently were presented to David Todd of the American Red Cross and Major Robert E. Thomson of the Salvation Army.

"We asked community bankers to assist people in desperate need and they responded generously," stated United Bankers' Bank's President Bill Rosacker.

"Community banks are such a vital part of the communities they serve, it is nice that we can all pitch in to help the tornado victims," commented Mike Carlson, vice president and general counsel of the Minnesota Bankers Association.

Al Olson, ICBM president, said: "We are proud of the effort and contributions of so many bankers to help people in need."

This isn't the first time that community banks have worked together to raise funds. Last May, Minnesota's community bankers responded with their typical community spirit in raising nearly $200,000 for victims of the massive 1997 spring flooding. United Community Bankers' Development Corporation is still working with the victims to help them recover with a forgivable loan program which allows flood victims to recover some or all of their closing costs incurred in moving to replacement housing.