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FCB&T's Burton Participates On Market Recovery Panel

Beecher, Illinois (July 27, 2012) - Tom Burton, Senior Vice President of Lending at First Community Bank and Trust in Beecher, recently attended the Regional Home Ownership Preservation Initiative, "A Fresh Approach: Collaborating Toward Residential Market Recovery", at the Federal Reserve Bank in Chicago. Hosted by the Metropolitan Planning Council (MPC), the conference addressed the growing economic concerns the Chicago Metropolitan area and the surrounding municipalities are facing and how inter-jurisdictional collaboration between public and private organizations can help to develop and implement more efficient and effective housing and community development strategies.

The plenary panel on which Burton participated addressed the challenges smaller towns and businesses face due to the economies of scale. He explained the need to engage community banks as business partners in the redevelopment plans of the areas they serve. "By addressing a community's economic challenges in a collaborative spirit, we can achieve greater efficiencies that will ultimately benefit everyone", he said. "Because community banks and smaller financial institutions serve only their immediate areas, they don't have the luxury of absorbing losses with the gains from a more profitable region, like the huge national institutions do", he added.

Other panel members joining Burton included representatives from Richton Park, Rolling Meadows and Oak Park along with representatives from several financial institutions.

About First Community Bank and Trust
First Community Bank and Trust is a privately owned bank. Established in 1916 First Community Bank and Trust has been serving Beecher, IL, Peotone, IL and the surrounding communities for over 99 years. Our commitment to providing the best banking products and services is matched only by our outstanding customer service. We offer traditional community banking services, including mortgage, consumer, and commercial lending, as well as state of the art electronic banking services.

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Press Contact:
Steven D. Koehn, VP
First Community Bank and Trust
(708) 946-2246