Lincoln Savings Bank Invests in Greene
Pictured here: Lincoln Savings Bank Commercial Lender, Dan Castle and Greene, Iowa Mayor Jim O'Brien
During the month of May, Lincoln Savings Bank purchased all four lots of the General Obligation Corporate Bonds for the City of Greene, Iowa totaling to $565,000. Lincoln Savings Bank has held a branch location in Greene for over 20 years.
“We are only as strong as the communities in which we serve,” states Lincoln Savings Bank CEO & President, Erik Skovgard. “We are a community bank, and for us that means investing back into where we live and work. We appreciate the support Greene has given to us over the years and this was a great way of showing it.”
The bond offering indicated the proceeds will be used to pay the costs of constructing bridge and street improvements, including incidental water system, sanitary sewer system, sidewalk work and to acquire a vehicle for use by the municipal public works department.
According to Jayne Knapp, City Clerk/Manager of Greene, the specific projects that will be focused on from the bond sale will include the West/South Street project and the East/South Street bridge (known as the C13 Bridge). In addition, the public works department was able to purchase a used road grader.
“The council and Mayor were very happy to see our local community bank involved in this project,” said Jayne Knapp.
Lincoln Savings Bank lives and operates by four core values, one being; “Building strong communities.” We thank all of our customers and the City of Greene for letting us serve you.
Lincoln Savings Bank, Member FDIC.