Interested in what's happening over here at FNBC? Be sure to follow us on social media for the latest updates.
Amanda Hauser Promotion
Congratulations to Amanda Hauser on her promotion to Trust Officer in our Wealth Management division.
Amanda joined FNBC Bank and Trust in 2016 as a Trust Administrator. Amanda is the relationship manager for over 100 relationships with a current market value of over $50 million dollars. Amanda oversees a variety of account types including grantor and irrevocable trusts, guardianships, special needs trusts, and retirement and investment accounts to help every client achieve their unique financial goals and meet their current financial needs.
Prior to joining FNBC Bank & Trust, Amanda worked in Strategic Planning and Research for Concordia University Chicago. Her experience here helped her gain an understanding of the complex financial issues for families currently planning for college expenses. She has an MBA specializing in Human Resources and Bachelors degrees in Communications and Theatre as well as Secondary Education.
Josh Mahrt Promotion
Join us in congratulating Joshua P. Mahrt on his promotion to Executive Vice President and Senior Trust Officer in our Wealth Management division. His experience, broad areas of expertise and genuine rapport with our clients and staff make Josh the ideal person to lead and grow our Wealth Management division.
Josh joined FNBC Bank and Trust in 2015 as a Vice President and Trust Officer. He manages more than 100 client relationships with a current market value of over $100 million. Josh services a variety of complex accounts including the settlement of federally taxable estates, advising high net worth individuals on investment and tax strategies, the administration of complex guardianship estates, and the management of a large multi-unit apartment complex. Josh specializes in trust administration, estate settlement, guardianship, and wealth management.
Josh is a member of the DuPage County Estate Planning Council and the Aging Care Connections, Adult Protective Services, Multidisciplinary Team. Josh served on the board of Our Community of Illinois, a non-profit corporation that provides resources for minors in the Illinois foster care system. Josh is a graduate of the University of Illinois at Urbana-Champaign and the John Marshall Law School.
PPP Activity Update
We are pleased to report that FNBC Bank & Trust accepted, processed and funded 100% of valid Paycheck Protection Program (PPP) Loan applications we received from our customers. That represents more than $34 million in assistance to local businesses in the communities we serve.
We are especially proud of the collaborative effort among our employees to deliver on our long-standing commitment to our local small business community. Teams from our Loan, Personal Banking and Cash Management departments worked around the clock and on weekends to make sure that every application was processed and funded in the short window of time that PPP funding was available. The 268 loans we funded ranged from $2,340 to $4.4 million, with an average loan amount of $130,000. We assisted clients from various industries, including manufacturing, restaurant and food services, construction, landscaping, professional services, independent contractors, non-profit organizations, schools, churches and many more.
We appreciate the opportunity to help our small business clients during this incredibly difficult time. We continue to work with our business banking clients in the next phase of the program, the application for PPP loan forgiveness.