CEO & President of INB Joins BRANDT Board of Directors
Sarah Phalen Begins One-Year Term as BRANDT Director
SPRINGFIELD, Illinois (29 April 2020) – BRANDT, a leading agriculture retailer and manufacturer of specialty agriculture products, has named Sarah Phalen, CEO and president of INB, to its 11-member board of directors. Phalen will initially serve a one-year term.
After being named president and CEO of INB on January 1, 2011, Phalen has grown INB into a $1 billion organization with Illinois offices in Peoria, Bloomington, and Champaign, as well as a Missouri office in Chesterfield. The bank has its headquarters and branch locations in Sangamon County, Illinois.
“INB has worked with BRANDT for a long time, so I’ve seen the type of organization it is,” said Phalen. “I’m looking forward to bringing my distinctive experience to the company. My goal is to provide additional leadership to help the company continue to grow.”
With 25 years in banking, Phalen is an original member of the management team that brought the second generation of Illinois National Bank (INB) into the Springfield, IL market. Employed by the bank since June 1999, she served as senior vice president overseeing retail services, marketing, non-lending business services and compliance, and mortgage lending before assuming her current role.
Phalen is an Illinois native. She grew up in Sherman, IL and is a Williamsville High School graduate. She received a bachelor’s degree in economics from the University of Illinois at Urbana-Champaign and earned an MBA from the University of Illinois at Springfield. Phalen is a Certified Treasury Professional.
“We are thrilled to welcome Sarah to the BRANDT board,” said Rick Brandt, CEO and President of BRANDT. “As we continue to work to balance our board, Sarah brings a unique leadership perspective that promises to inspire the next generation of leaders at BRANDT.”
In addition to her bank responsibilities, Phalen serves as a Director on the Board of The Hope Institute Foundation and SIU Healthcare. She also serves as Treasurer of the Abraham Lincoln Presidential Library and Museum Foundation and Treasurer of the Economic Development Corporation of Land of Lincoln.
A leading agricultural company, BRANDT serves growers around the globe. Founded in 1953 by Glen Brandt and his sister Evelyn Brandt Thomas to help Illinois farmers adopt new and profitable technologies, the company has experienced aggressive growth under the leadership of President and CEO Rick Brandt. Innovation, technology and strong customer service are a few of the core beliefs that drive BRANDT today. BRANDT’s focus is providing the products and services that give growers the best opportunity for return while building a stronger, healthier and more abundant food supply.