The Hancock-Henderson Quill, Inc.

Bank of Stronghurst Held Annual Meeting at St. Patrick's Center

The Bank of Stronghurst held its Annual Stockholders meeting Tuesday, March 13, 2018, at St. Patrick Community Center, near Raritan. Approximately 89 stockholders and guests attended the 12:30 P.M. luncheon buffet and meeting.

Stacie Newberry, President and C.E.O., led the stockholders and guests in the Pledge of Allegiance. The invocation was given by Joshua DeSotel.

At approximately 1:33 P.M. the meeting was opened by George Hennenfent, Chairman. David Knutstrom, Jerame Cokel and Chad Scott served as Judges. Sandra Ford was Secretary.

The Chairman called on Joshua DeSotel, Executive Vice President and Cashier for his financial report. Mr. DeSotel reported that the Bank enjoyed another profitable year with net income after taxes of $418,718.74. Total Capital and Reserves ended the year with an increase of $526,849.84. Mr. Desotel ended the report stating that with the Bank's excellent capital position, strong management team and loyal customers and shareholders, the Bank of Stronghurst looks forward to other year of profitability and growth.

Chairman Hennenfent then called on Charlie Ford, Vice President & Farm Loan Officer to report on the Bank's loan portfolio. Mr. Ford reported significant loan growth of over 20% during 2017. As stated by Mr. Ford, real estate loans make up the majority of the bank's loan portfolio. Mr. Ford indicated that with our competitive rates, we look forward to additional loan growth in 2018.

Each stockholder was given a copy of the minutes of last year's meeting. The Chairman asked for a motion to approve the minutes. A motion was made by Bonnie Hensley and seconded by Nancy Leonard to accept the 2017 stockholder minutes as presented. The motion unanimously carried.

Judges for the meeting, David Knutstrom, Jerame Cokel and Chad Scott, reported 2,226 shares of stock represented in person and 2,492 shares represented by proxy, making a total of 4,718 shares represented. Chairman Hennenfent then declared a quorum present for the transaction of business.

Chairman Hennenfent called for the Election of Directors for the coming year. A motion was made by Jerame Cokel and seconded by David Vancil, that the present Directors be nominated for the coming year, close the nominations and that a unanimous ballot be cast to elect the nominees. The motion unanimously carried.

The bank's Directors for the coming year will be:

Chairman Hennenfent called on Sandra Ford to conduct a drawing for door prizes.

Winners of the drawing were as follows:

Fresh floral centerpieces:

US Mint proof coin sets:

Gift basket of specialty items:

A motion was made by Sidney Dowell to adjourn the meeting seconded by Gary Armstrong and unanimously passed.

Following the Annual Stockholders meeting, Tuesday, March 13, 2018, the newly elected Board of Directors of the Bank of Stronghurst met at the banking house for the Organizational Meeting.

The officers for 2018 were appointed as follows:

George Hennenfent, Chairman of the Board;

Stacie Newberry, President and CEO;

Joshua DeSotel, Executive Vice President & Cashier;

Charlie Ford, Vice President & Farm Loan Officer;

Brenda Brokaw, Assistant Cashier;

Sandra Ford, Assistant Vice President;

Shelley Morrison, BSA Officer.

-Sandra Ford, Secretary of the Stockholders' Meeting, -March 13, 2018