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State Street Bank - Quincy Il: Common Sense Banking

State Street Bank - Strong.Steady.Stable. Practicing Common Sense Community Banking over 119 years with 4 locations in Quincy, IL & Payson, IL

Perritt Foundation grants benefit area children

QUINCY -- Five Quincy-area programs that serve children received grants totaling $37,500 Wednesday.

"Community is important to all of us," said Elise Tyrpin of Quincy, whose family manages the Richard A. Perritt Charitable Foundation. "These grants will be able to put a smile on a child's face and provide them with the ability to partake in an activity that will foster development, improve confidence and allow a child to have fun."

The Perritt Foundation is a 26-year-old not-for-profit managed by the Tyrpin family. Grants worth more than $1 million have been awarded annually to medical research hospitals in the Chicago area for cancer and eye disease research. Hospitals such as Lurie Children's Hospital and Loyola University Medical Center have been recipients of grants.

Mark Tyrpin, president and CEO of Mercantile Bank, said the foundation's secondary focus is youth development and activities.

Oakley honored with economic innovation award

QUINCY -- Thomas A. Oakley was surprised Thursday when he became the first recipient of an award named in his honor.

Oakley, the publisher of The Herald-Whig who has announced he will retire Dec. 31, was presented with the first Thomas A. Oakley Award for Economic Innovation from the Great River Economic Development Foundation during a luncheon at Boodalu Steakhouse.

GREDF President Marcel Wagner Jr., said the award will be presented each year to recognize an individual or organization for outstanding achievements in business development. He said it was natural to name the award after Oakley because of his more than six decades working on behalf of Quincy and the tri-state region.

In fact, Wagner vividly recalled his first phone call with Oakley, which lasted about two hours.

"After that phone call I really understood that Quincy was fortunate to have a champion of economic development throughout the region," Wagner said. "Since then I've realized that ‘champion' does not do justice to the impact that each of us realize that Tom has had ... for our region."