G. Toraason retires from First State Bank


MENDOTA – After 46 years in the financial services industry, First State Bank wishes to announce the retirement of Goodwin (Goody) Toraason, EVP/Sr. Lending Officer. Throughout his tenure, the bank has grown from four branches to 19 through several acquisitions and new market growth. Toraason started his banking career in 1976 with the last 28 years with First State Bank. He has led and developed the Loan Department, served on the Executive team as well as the Board of Directors.

Toraason has been heavily involved in his community over the years. He was Charter President of the Illinois Valley Sunrise Rotary, served on the YMCA Board, was the President of the IV Chamber of Commerce, a board member for St. Bede Academy, and was a Peru Catholic basketball coach for many years. He is looking forward to spending more time with his grandchildren, visiting family, traveling, golfing, walking and fishing.

As Toraason embarks on retirement, First State Bank salutes him for an outstanding career in the financial services industry. “I want to thank Goody for his tremendous contributions to the success and growth First State Bank has achieved during his time here. His retirement is well deserved,” stated Tim McConville, President/CEO. Toraason’s last day with First State Bank will be Friday, July 29.

First State Bank is a $1.4 billion community bank committed to providing value-added offerings, backed by exceptional service to the local communities it serves. It does so by providing a combination of cutting edge banking products and conveniences and also employing local professionals who take the time to get to know each customer’s banking needs on an individual basis. First State Bank has 19 locations throughout North Central Illinois.  For more information, visit First State Bank’s website at firststatebank.biz.

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