Commercial Bank Pledges to LCC Capital Campaign
June 13, 2019 |
Photo: Commercial Bank staff, Commercial Bank Board members, LCC President, and LCC Capital Campaign Steering Committee Co-Chairs gather for a photo during the announcement of Commercial Bank’s pledge to the LCC Pathways to the Future Capital Campaign.
Parsons – Commercial Bank has pledged $150,000 to support the next phase in Labette Community College Foundation’s Pathways to the Future Capital Campaign. This gift will help the college renovate and expand the athletic facilities to meet the needs of students and serve the community better.
“LCC’s role in the region aligns with our mission as a community bank, and we are enthusiastic to embark on this partnership with the college’s athletics and wellness programs,” Commercial Bank President Ray Jacquinot said. “As a community bank, we could not see a better organization to support and align ourselves with than the LCC Cardinals.”
Commercial Bank’s contributions and commitment to the livelihood of the communities they serve are noted through donations to local hospitals, support in the school systems, hosting a Halloween-themed event for area children, and donating to numerous local causes.
“LCC is working to better serve students every day, and Commercial Bank’s contribution to our academic and athletic complex campaign is a remarkable way to help us continue that growth,” LCC President Mark Watkins said. “We are excited to partner with Commercial Bank, as this is a pivotal point not only for LCC athletic programs but for the whole institution. Higher education is important, and these funds will help contribute to attracting future students to LCC.”
Labette Community College and Commercial Bank have had a long-standing relationship. LCC not only provides top notch education in healthcare fields but also offers quality education in programs like business, accounting, office technology, communication and others. These programs provide trained workers who are qualified for many positions at Commercial Bank and other area businesses. Several long tenured bank employees are graduates and former students of LCC. In fact, Bank President, Ray Jacquinot played baseball while attending LCC and graduated in 1980.
“Commercial Bank is privileged to have so many graduates and students work for us. We have received a quality education at LCC,” said Jacquinot.
LCC and Commercial Bank actually have a great deal in common. Both organizations’ mission statements are based on helping the communities they serve. Meeting the needs of customers/students is always first priority for both institutions.
Commercial Bank’s rich history with customers began in 1874 when Parsons Savings Bank was founded. Later called Parsons Commercial Bank, and in 1990 changed the title to Commercial Bank.
Over time as technology changed, Commercial Bank added Drive-Thru’s, ATM’s, online banking, and online account opening, all to meet the needs of our clients. Commercial Bank is conveniently located in Parsons, Oswego, Chanute, Erie, Independence, Coffeyville, and Caney.
Commercial Bank’s footprint has expanded overtime as well. The bank also offers all types of insurance through Commercial Insurance Agency, agents are located in Oswego, Parsons, and Independence. Along with financial services and insurance, the bank offers services from the Commercial Wealth Management department. Commercial Wealth Management serves to accommodate all their client’s needs. Services include estate planning, trust management, IRA’s, retirement planning, investments, and much more.
“Our banks are committed to the communities we service.” – Ray Jacquinot, Commercial Bank President.
Commercial Bank’s gift brings the fundraising total to just under $4M. $6.7M is needed to update and expand the athletic facility, add $1M to the current scholarship endowment, and increase annual fund giving. The athletic complex project will provide air conditioning, new seating, and other updates to the current gym. It will also make it possible to construct a 21,850 addition to house: classroom space for Exercise Science, Athletic Training, and Physical Education programs; indoor softball/baseball training area; wrestling training area; lockers; showers; weight room; and cardio room.
“This project will bring LCC’s facilities up to the standard of other Kansas Community Colleges,” said Athletic Director Aaron Keal. “LCC student athletes have always had to do more with less, but the gap in quality of facilities has done nothing but widen among our competition. That’s why gifts, like this one from Commercial Bank, are so vital.”
“Commercial Bank’s generous pledge helps provide LCC with the flexibility and momentum necessary to be successful in our capital campaign,” Lindi Forbes, Foundation Executive Director said. “We are grateful to Commercial Bank for partnering with us to transform the LCC campus.”
Private support for LCC’s capital campaign can come through outright gifts of cash, bequests, life insurance policies, gifts of real estate, and other giving mechanisms. “There are many ways to contribute to this important campaign,” Jacquinot said. “Individuals or businesses can choose to give in a variety of ways, even to spread out payments up to five years. This makes the giving capacity larger and more feasible for more people. You don’t have to give in a lump sum. We invite you to join Commercial Bank in supporting this worthy cause”
For more information on how to give to the Pathways capital campaign, please contact Forbes at 620-820-1212 or lindif@labette.edu. Gifts may also be mailed to: 200 South 14th, Parsons, KS 67357.