(FRANKFORT, IN) The Farmers Bank is pleased to announce that Susan Ruch has been awarded the 2023 Community Spirit Award from Federal Home Loan Bank Indianapolis (FHLBank Indianapolis). In addition to the award, FHLBank Indianapolis will donate $2,500 to Susan’s nonprofit organization of choice. Susan has chosen the Humane Society of Clinton County to receive the $2,500 donation from FHLBank Indianapolis.
Over the years, Ruch has been a leader for The Farmers Bank’s use of FHLBank Indianapolis’ Affordable Housing Program. Since 2017, she has helped secure more than $1.5 million in FHLBank Indianapolis funding to the Frankfort, Ind., community. As a small business lender, Ruch is dedicated to helping new and existing small businesses succeed and is an advocate for the Elevate Small Business grant program for small businesses that qualify.
As an emerging leader, Ruch leads the Mentorship Program at The Farmers Bank, which promotes growth, leadership and development throughout the organization. She also recently completed the internal Leadership Challenge program at The Farmers Bank, a program based on the Kouzes and Posner leadership model and best-selling book, “The Leadership Challenge.”
“When she sees a need in the community, she harnesses resources both internally and outside the bank to help the family, organization or effort,” said Karen Gregerson, CEO of The Farmers Bank. “Community Development is her passion, and she shares that joyfully with others.”
Since 2007, the annual award has honored individuals at one of FHLBank Indianapolis’ member institutions in Indiana and Michigan who show an outstanding dedication to affordable housing and community economic development. This year, the ways in which the Bank recognizes Community Spirit was expanded to include a Diversity, Equity and Inclusion category. This new category applies to an individual who shows exceptional dedication to advancing the principles of diversity, equity and inclusion within their financial institution or community.
“It is a great pleasure to present this year’s Community Spirit Award to these individuals who are so dedicated to their organizations and communities,” said MaryBeth Wott, SVP Community Investment & Strategic Planning Officer. “They exemplify excellence in more than one category for the Community Spirit Award and are great assets and champions for the communities in which they serve.”
The Farmers Bank is an $800 million asset organization chartered in 1876 with headquarters in Frankfort, IN. The Farmers Bank is locally owned and operated with 10 banking offices located in Central Indiana providing retail, business, investment & trust services, mortgage, and electronic banking services. Additional information can be found at www.thefarmersbank.com. Member FDIC, Equal Housing Lender.
FHLBank Indianapolis is a regional bank in the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member financial institutions, with particular attention paid to providing solutions that support the housing and small business needs of members’ customers. FHLBanks are privately capitalized and funded, and receive no Congressional appropriations. FHLBank Indianapolis is owned by its Indiana and Michigan financial institution members, including commercial banks, credit unions, insurance companies, savings institutions and community development financial institutions. For more information about FHLBank Indianapolis, visit www.fhlbi.com and follow the Bank on LinkedIn and X, formerly known as Twitter, at @FHLBankIndy.