Thomas D. Budd

Tom Budd founded Rockford Bank & Trust in 2005 and was named President of Illinois Bank & Trust during the 2019 acquisition. Tom has taken what he has learned from a banking career spanning 32 years and applied it to developing a team of banking professionals who adhere to a community banking philosophy and deliver the highest level of service possible. Prior to forming Rockford Bank & Trust, Tom began his career in asset-based lending with CIT Group Business Credit and Barclays Business Credit. Tom then joined Chase Bank in 1991 and held various positions, including credit administration, lending and business development.

Tom, a CPA, is a graduate of Northern Illinois University and the Graduate School of Banking at the University of Wisconsin. A valued member of the community, Tom currently serves on the boards of the Mercy Health Corporation, Milestone, Inc., Rock River Development Partnership and Goldie B. Floberg Center. He is a past board member of the Rockford Local Development Corporation and Illinois Bankers Association.