THE FOLLOWING IS AN ILLINOIS BANKERS ASSOCIATION RELEASE
SPRINGFIELD –The Illinois Bankers Association (IBA) has announced that Thomas J. (Tom) Chamberlain has been elected as the Chair of the IBA’s Board of Directors for 2023-2024. The election was held on June 23 during the organization’s Annual Conference.
The members of the IBA’s Board of Directors provide strategic leadership, governance, and oversight of the Association, working to safeguard and secure the future success of Illinois’ banking industry. Chamberlain has held several key roles with the IBA, including his most recent role as the 2022-2023 Chair-Elect.
Chamberlain is Senior Executive Vice President and Chief Lending Officer at Iroquois Federal Savings and Loan Association. He is responsible for managing the lending activities for the bank’s eight offices located in Danville, Champaign, Savoy, Hoopeston, Watseka, Clifton and Bourbonnais Illinois, and Osage Beach, Missouri. He began his employment with Iroquois Federal in July of 2004 as Vice President and Manager of the Danville Office. Prior to joining Iroquois Federal, he was employed by First Mid Bank & Trust for 18 years.
“Tom’s dedication and commitment to being a vocal advocate for the industry have been evident throughout his years of service to the IBA,” said Randy Hultgren, the President and CEO of the IBA. “Under his leadership, great things are ahead for our Association, and I am looking forward to working alongside him as we continue to advocate for the interests of our members and a brighter future for all Illinois banks.”
Chamberlain earned his bachelor’s degree from the University of Illinois and his MBA from Eastern Illinois University. He is a graduate of the Illinois Agricultural Leadership Program, and the ABA Stonier Graduate School of Banking at the University of Pennsylvania, where he also earned the Wharton Leadership Certificate. Over the years, Chamberlain has been Chairman of the Illinois Bankers Education Services, Inc. Board, Chairman of the Illinois Bankers PAC Board, Vice Chair of the IBA Government Relations Committee, Chairman of the IBA Ag Credit School Committee, and has served as a member of the IBA Education, Audit, Business Services, Nominating, and Scholarship Committees. He is the current Co-Vice Chair of the American Bankers Association Commercial Real Estate Committee.
Chamberlain has volunteered and served in leadership roles for several community organizations including President of the Danville Area Community College Foundation, President of the Schlarman Foundation, Board Chair of the United Way of Danville, Board Chair of Vermilion Advantage economic development organization, President of the Rotary Club of Tuscola, President of the Tuscola Chamber of Commerce, President of Main Street Tuscola, Grand Knight of the Mattoon Knights of Columbus, and President of the Mid-Illinois Big Brothers/Big Sisters.
Chamberlain will succeed the accomplished Betsy Johnson, President & CEO of Solutions Bank, who admirably served as Chair for the 2022-2023 term.
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About the Illinois Bankers Association
The Illinois Bankers Association is the voice of Illinois’ banking industry, dedicated to creating a positive business climate that benefits the entire banking industry and the communities they serve. Founded in 1891, the IBA brings together state and national banks and savings banks employing more than 105,000 people in nearly 4,500 offices across the state. The IBA is proud of its diverse membership, serving all sizes of financial institutions from the smallest community bank in the state to the largest national bank in the country.
