SOURCE: Central Illinois Bank

May 02, 2006 14:58 ET

Central Illinois Bank Appoints Three Directors to Its Board

CHAMPAIGN, IL -- (MARKET WIRE) -- May 2, 2006 -- Central Illinois Bank (CIB) is pleased to announce the appointment of R. Alan Gleghorn, Timothy P. Harrington, and Ronald E. Rhoades to its Board of Directors, effective April 26, 2006.

Mr. Gleghorn has served as Chief Executive Officer of Christie Clinic, the oldest multi-specialty group practice in central Illinois, since 1999. Mr. Gleghorn, who received an MBA from the University of Illinois, has been involved in the health care industry his entire career, and his previous experience includes working for a medical practice management firm in Texas.

Mr. Harrington, a native of Champaign-Urbana, is a principal in Devonshire Group, a diversified real estate services company and the largest real estate company in central Illinois, and currently serves as the Director of Commercial Services for Devonshire. Mr. Harrington, who received a Bachelor of Science in Business Administration from the University of Arizona, is an active member of the Champaign County Economic Development Corporation.

Mr. Rhoades has served as Chairman, President and CEO of Plastic Container Corp., an extrusion blow molding company manufacturing plastic containers, since 1994. Mr. Rhoades is a native of Decatur, and has been a resident of Champaign for over thirty years. Mr. Rhoades is a member of the Advisory Board of Gill Athletics in Champaign, and brings valuable manufacturing business experience and insight to the Board.

Joseph T. Henderson, Chairman, President and CEO stated, "We are thrilled to have such high caliber local business leaders as Messrs. Gleghorn, Harrington and Rhoades join our Board of Directors. Each individual is a great complement to our existing Board, and their expertise in their respective fields and service to our Bank will help us continue to strengthen our position in the Champaign-Urbana market."

Central Illinois Bank currently operates sixteen full-service banking offices including two in Champaign, two in Peoria, and one each in Arrowsmith, Arthur, Bloomington, Danville, Decatur, East Peoria, Lincoln, Monticello, Rantoul, Sidney, Springfield and Urbana. CIB Marine Bancshares, Inc. is a multi-bank holding company with 36 banking offices in Central Illinois, Wisconsin, Indiana, Florida, Nebraska, Arizona and Nevada. Please visit www.centralillinoisbank.com or www.cibmarine.com for additional information.

Contact Information

  • CONTACT:

    Joseph T. Henderson
    Chairman, President and CEO
    Central Illinois Bank
    309-699-3405

    Angela Blair
    Investor Relations
    CIB Marine Bancshares, Inc.
    312-379-5180