Washington Savings Bank Honored for Summertime CEO Program

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Published on October 2 2019 3:04 pm
Last Updated on October 2 2019 3:04 pm
Written by Greg Sapp

(FROM LEFT: JON SPITZ, SENIOR VICE PRESIDENT OF LENDING AND MATTOON MARKET PRESIDENT FOR WASHINGTON SAVINGS BANK; DAVID DOEDTMAN, PRESIDENT AND C-E-O FOR WASHINGTON SAVINGS BANK; ELAINE BUEHNERKEMPE, VICE PRESIDENT FOR WASHINGTON SAVINGS BANK; GARY GENENBACHER, PARTNER AND INDUSTRY LEADER FOR B-K-D NATIONAL FINANCIAL SERVICES GROUP'S ILLINOIS OFFICE)

Washington Savings Bank has been honored by a statewide banking organization for its "Summertime CEO" program.

The award was presented by Community Bankers Association of Illinois President Kraig Lounsberry and by BKD National Financial Services Group's Illinois office partner and industry leader Gary Genenbacher. The award was presented at the CBAI 45th Annual Convention and Exposition held in Springfield.

In 2017, Washington Savings Bank launched WSB Summertime CEO, which allows children ages six to 12 to manage and run their own lemonade stand business. Participants completed an application and interview process and received a lemonade stand kit and start-up cash. The young entrepreneurs were encouraged to be original with their stands and brainstorm how to spend and save their earnings. Several chose to donate their earnings to charity. With more than 40 participants, more than $2,000 was donated back to local charities. Each CEO completed an income statement at the end of their business journey.

Washington Savings Bank President David Doedtman said, "Our WSB Summertime CEO program is one of several educational opportunities we offer to our community. Whether partnering with local schools to help educate students about saving, or providing safe banking tips to seniors, we are proud of our efforts to educate the community at all ages."

The award, now in its 21st year, recognizes high-performing CBAI members that implemented innovative ideas demonstrating a commitment to their employees, customers, shareholders and communities through exceptional programming.