Tolono Branch Now Open!
Philo Exchange Bank is pleased to announce the new Tolono branch location at 411 N. Long Street in Tolono, Illinois is now open.
The Tolono branch is a fully-operational bank including teller operations, a drive-up lane, 24-hour ATM, night depository, a coin machine, a loan department staffed by our existing local loan officers. The bank is staffed by all Tolono residents consisting of Sarah Smith, AVP | Marketing & ISO, Rich Cunnington | Customer Service Representative, and Jessica Hansen | Customer Service Representative.
The lobby is open Monday-Friday 9am-4pm and Saturday 9am-12pm. The drive-up hours are Monday-Friday 8am-5pm and Saturday 9am-12pm. If you have questions or would like any additional information, please call 217.485.8355.
Philo Exchange Bank currently has five existing locations in Philo, Allerton, Broadlands, and St. Joseph. Operating since 1883, Philo Exchange Bank takes pride in knowing customers and providing friendly, personal service.
Philo Exchange Bank continues "Best of Bauer Bank" distinction following 119 continuous 5-Star Ratings.
Philo Exchange Bank has once again been awarded the highest rating for financial strength and stability from the Nation’s Premier Bank Rating Firm, BauerFinancial, Inc. Earning and maintaining this 5-Star rating indicates that Philo Exchange Bank excels in such areas as capital adequacy, profitability, asset quality and much more. This is no coincidence. In fact, this is the 119th consecutive quarter that Philo Exchange Bank has earned this top rating, earning Philo Exchange Bank an even higher designation as a “Best of Bauer Bank”. This distinction is reserved solely for institutions that have earned Bauer’s 5-Star rating consistently for 25 consecutive years, or longer.
“This is indeed reflective of Philo Exchange Bank’s dedication and commitment, not only to its customers, but to the entire community it serves”, reflects Karen Dorway, president of BauerFinancial. “Community banks, like Philo Exchange Bank, have consistently been on the front lines doing what is best to help their neighbors and friends. This special type of devotion is a hallmark of a true community bank, like Philo Exchange Bank.”
The Votes Are In!
Philo Exchange Bank got 3rd place in all three of our categories of the News-Gazette People's Choice Awards: Best Bank, Best Home Mortgage, and Best Place to Work. Ross Craig | VP of Lending and Sarah Smith | AVP of Marketing and ISO attended the annual The News-Gazette People’s Choice Awards event on Tuesday, September 2, 2025. Thank you to everyone that took the time to vote for us. We know we are #1 in your hearts.
Judy Kirby Receives 50 Year Club Award from Illinois Bankers Association
“Congratulations to Judy Kirby on receiving the 50 Year Club Award from the Illinois Bankers Association. Tim Robinson, Director of Bank Relations at Illinois Bankers Association, presented Judy with her award and her 50 year pin. Chris Vandeventer | Community President - Allerton & CFO, and Kevin Rogers | President and CEO joined Tim in recognizing Judy.
The bank surprised Judy with the award during the Philo 150th celebration just a few weeks ago. During her speech, Judy contributed part of her successful career at the bank to her co-workers urging people to "open their hearts to the bank and open accounts"! Thanks Judy for all your time and dedication to Philo Exchange Bank.”
Visit Our Philo Exchange Bank History Exhibit!
Philo Exchange Bank has partnered with the Champaign County History Museum to showcase history from the past 142 years that the bank has served the community. Starting on July 17, the exhibit will be featured at the 102 W. Washington, Philo bank location. The exhibit will begin in conjunction with the Village of Philo's Sesquicentennial Celebration and will run through the end of September. The exhibit will be open during regular business hours Monday-Friday 9am-3pm. Please call the bank at 217.684.2600 with any questions.
Kevin Rogers Awarded 2024 Banker of the Year
During their Salute to Leadership Program at their annual conference, Illinois Bankers Association (IBA) awarded Kevin Rogers, President and CEO of Philo Exchange Bank, with the 2024 Banker of the Year Award. This annual award is the highest honor the IBA bestows on an individual whose dedication to excellence has profoundly enhanced the banking industry. It recognizes the recipient's strength of leadership and commitment to service, applied not only to the banking industry but also in their support for civic and charitable causes.
Randy Hultgren, President and CEO of Illinois Bankers Association said, “This year’s winner is a constant, visible presence in his banks’ community events—whether it’s for the Annual Shred Day or the Santa Breakfast, you’ll always see him actively participating.
Over the past 40 years, he has been devoted to the vision and mission of the IBA, immersing himself in numerous banking functions, seminars, workshops, committees, and Board. As a past Chair of the IBA, he dedicated significant time connecting with bankers across the state. He was a strong advocate for the industry in Illinois and in our nation's Capital.
He is a tremendous leader for his bank, staff and their families, customers, and the community. His support and growth of the banking industry will be enduring."
Congrats Kevin!
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