LAFAYETTE, Ind. (WLFI) – Lafayette Savings Bank is celebrating 145 years of business by starting an endowment fund to improve the Wabash river front.
The bank presented a $25,000 check Tuesday morning to Community Foundation of Greater Lafayette. The presentation was part of the banks Founders Day.
Lafayette Savings Bank President Randy Williams said the fund is a way to help the community and honor the history the banks had with the Wabash River.
“We’ve been known for years, and years, and years as the bank on the Wabash. This is just a way for cementing that in people’s mind. There are a lot of exciting opportunities here. It’s a huge project and we know that Lafayette Savings Bank for forever,” said Williams.
This is the second endowment between the bank and community foundation.
In addition to the endowment, Williams said they will make annual donations to other non-profit organizations looking to improve the Wabash.
Last month, Lafayette Savings Bank announced a merger with Old National Bank. Bank officials said the decision to merge was made in part because of Old National’s commitment to the communities it serves.
“We like to have our people involved in various not-for profits and giving back to the community. They say they feel it’s their moral obligation to give back,” Williams said. “We say, ‘We were born and raised here. We just think it’s good business. We should be taking care of the people, who help us stay in business.'”