Dec 15, 2011
Community Trust Bank To Present $150,000 to LA Tech College of Business
Ruston, LA – Community Trust Bank President and CEO Drake Mills will present LA Tech College of Business Dean James Lumpkin with a $150,000 donation at 2 p.m., Thursday, December 15, 2011, in the Rawle Board Room in the College of Business.
The donation will be used towards construction of a new 42,000 square-foot, state-of-the-art building for the College of Business. The facility will be located on the east edge of campus and will serve as the centerpiece of Tech’s business and entrepreneurship programs. Once the new building is completed, students and faculty will have access to new classrooms, offices, computer labs, two auditoriums, meeting rooms, research centers and student support and career resources.
Community Trust Bank is one of the private donors to aid in the building of the new facility. The contribution is one of many the bank has made to the university over the years, demonstrating a mutual understanding of their role in the Ruston community. Other funding for the facility comes from a $12.4 million capital outlay from the state and other private contributions.
"The relationship we have developed with Louisiana Tech University over the years is representative of the kind we strive for with all of our clients and communities. Moreover, it’s essential that we assist in planting the seeds that shape tomorrow’s business leaders. That’s why we’ve made this investment in Louisiana Tech’s School of Business, and why we will always try to take advantage of those opportunities to help build,” said Drake Mills, President and Chief Executive Officer of Community Trust Bank.
“Community Trust Bank has been a long-time supporter and partner of the College of Business,” said Dr. James Lumpkin, dean of the College of Business at Louisiana Tech. “We are extremely appreciative of their extraordinary generosity in support of our new building. This gift is critical to the College’s success in meeting our campaign goal of $5 million. Their gift will have a significant impact on the construction of a much needed facility for our students and faculty.”
The groundbreaking for the new building occurred in February. The gift from Community Trust Bank will help advance the College of Business’ Building Distinction campaign, and its goal of $5 million to increase the size of the new building currently being constructed by adding a wing to the planned structure. The College of Business building, as well as other campus construction projects, is a function of Tech 2020, Louisiana Tech’s long-range strategic plan and foundation for the future. According to its website, Tech 2020 is “a roadmap for Louisiana Tech University’s transition from a very good institution to a great one.”
About Community Trust Bank Community Trust Bank, a nearly 100 year old, Louisiana-chartered bank, provides a wide range of traditional banking services with 29 banking centers throughout north Louisiana, north Texas, and north and central Mississippi. Community Trust Bank is a wholly-owned subsidiary of Community Trust Financial Corporation, a financial holding company with assets over $2.0 billion. Community Trust Financial Corporation’s common stock is not listed on any exchange and is traded through individually negotiated transactions. To learn more, visit Community Trust’s website at ctbonline.com.