Pat Phalen,
EVP, CEO Illinois National Bancorp
Pat joined INB in April of 1999 as one of the original core group of bankers that came together to open INB in June 1999. In 2010, Pat joined the Board of Directors, and he was appointed President and CEO of the holding company in 2011. In addition to holding company duties, he also manages the bank’s divisions of Trust, Wealth, Tax, Mortgage and Retail.
A graduate of MacMurray College, Pat earned degrees in business administration and marketing while also playing for the school’s baseball and football teams. His first official job after graduating college took an unusual route for a business major: he became a nanny for a family with three young kids. When that summer gig was up, he moved to Springfield and took a brief stint selling shoes at Foot Locker. While neither job was what he had expected with his college degrees, the experiences were priceless.
When a position at the original INB opened up, he became a collector for the bank. One year later saw him in a job as a bank examiner for the state of Illinois. After two years of experience in the examination world, he rejoined the bank as a trust officer.
In addition to his leadership expertise developed over decades at INB, Pat also currently holds many licenses which allow him to conduct brokerage and insurance services, including his Series 6, Series 7, Series 63, Series 65, including life and health insurance.
Not only is Pat passionate about his work with INB customers and coworkers, but also community involvement. Over the years, Pat has volunteered with a variety of nonprofit organizations in the Springfield area. Today, he serves on the Sparc Endowment Board, the Sacred Heart-Griffin School Board and finance committee, and the Friend-in-Deed Board; he is also co-chair of Friend-In-Deed’s annual golf outing and is an Ambassador for the Hope Institute for Children and Families. “Surrounding yourself with good people has a lasting, significant impact on the rest of your life,” Pat says.
Pat has three adult children: twin boys and a daughter. He also succumbed to pressure and acquired a black Labrador puppy, who now runs his life. Pat enjoys outdoor activities and hanging out with family and friends – and now dogs!
Check the background of this financial professional on FINRA's BrokerCheck.
Investment and insurance products and services are offered through Osaic Institutions, Inc., Member FINRA/SIPC. INB Wealth is a trade name of the INB, National Association. Osaic Institutions and INB, N.A. are not affiliated. Products and services made available through Osaic Institutions are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
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