Meet Sarah Phalen

Sarah Phalen

President and CEO

Sarah grew up in Sherman 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. Sarah has 25 years' banking experience and is a Certified Treasury Professional.

Sarah is an original member of the management team that brought the second generation of Illinois National Bank (INB) into the Springfield market. Employed by the bank since June 1999, she served as senior vice president overseeing all of retail services, marketing, non-lending business services and compliance, and mortgage lending. The INB Board of Directors promoted her to President and CEO Jan. 1, 2011. INB has since grown to a $1 billion organization with offices in Peoria, Bloomington, Champaign, and Chesterfield, MO in addition to headquarters and branch locations in Sangamon County.

In addition to her bank responsibilities, Sarah 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.