Martinsville, Indiana, July 27, 2022—Home Bank recently presented a check in the amount of $15,500 to the Indiana Dream Team. The donation to this local ministry was made as part of the bank’s community gifting program.
The Indiana Dream Team was established in 2004 by Pastor Eric Lashbrook and his wife Donna with the vision to create a group home facility for young men. IDT’s program provides support for life skills and character-building, work experience, family restoration, and opportunities for community outreach. The organization is based on a 100-acre property near Gosport. Funds from this gift by Home Bank will assist in the remodel/refurbishment of the residence center.
“IDT has an amazing history of restoring the broken lives and families of these young men in crisis,” stated Lisa Arnold, Home Bank President/CEO. “Its mission directly aligns with that of our gifting program, to support those most in need of hope in our community.”
Home Bank’s board of directors established the gifting program in 2012 to support non-profits in the bank’s market communities. The organization allocates a percentage of its profits each quarter for this purpose, and a committee of employees from across the organization is charged with determining the use of the funds.
Home Bank SB was chartered in 1890 as a mutual institution which essentially means that it is owned by its depositors. Without private ownership or stockholders, the bank’s profits are allocated entirely to its capital reserves, resulting in greater fiscal strength and resources for community support.