$100,000 pledge First National commits funds to new USD Business School project First National Bank in Vermillion has pledged $100,000 for The University of South Dakota School of Business building project.
The funds for the new business school are being raised by The University of South Dakota Foundation as part of Campaign South Dakota. First National Bank President Tom Schaack recently presented the
first $20,000 payment to USD School of Business Dean Michael Keller.
"The University of South Dakota is key to our community's economic stability and growth," said Schaack. "And the USD business school's role in developing our state's business leaders is critical for South Dakota's economic future.
"The community has been so supportive to the success of our organization that this is one way we can demonstrate our commitment to Vermillion and USD," he said. "First National Bank welcomes this opportunity to invest in all of our futures through this financial commitment."
First National Bank Vermillion is a member of the Fishback Financial Corporation (FFC), a diversified financial services company with offices in three states. FFC is based in Brookings, and its mission includes supporting communities where its offices are located. The Vermillion office, at 20 East Main Street, is staffed with 12 employees. The community board of directors includes Gene Iverson, Jan Uhl, Fern Kaufman, Robert Wood, Tom French and DeVee Dykstra.
"We appreciate the gift from First National Bank," said Keller. "The support of the banking industry is important in making the new business school a reality, and First National in Vermillion is playing a leading role."