15 Minutes With … Terry Judd


Terry Judd on serving as a director in Hennepin, Ill.

Terry Judd

of the $133 Million-Asset
North Central Bank in Hennepin, Ill

IB: Where is North Central Bank?

Judd: We are located in Hennepin, on the banks of the Illinois River in Putnam County, Ill. Hennepin is the county seat of Putnam County and the main economic hub. The area is tied mainly to corn and soybean production, as well as some manufacturing and health care related services.

Our claim to fame is that our courthouse was built in 1839 and is the oldest courthouse in Illinois that is still in use. The original courthouse has been maintained as it was when Abraham Lincoln was practicing law in the 8th Judicial Circuit.

IB: What insights and skills do you bring to the bank as a community bank director?

Judd: My background as a small-business person helps me to provide insight. When my brother and I started Judd Properties, a commercial real estate company, things were very hard for us. I can really empathize with our small-business customers who are going through the same process. This is important on a bank board. Too often directors live in a world completely apart from those less fortunate.

My greatest skill is it that I know business, understand financials and have so far been able to use this to help the bank make smart decisions that are good for both the bank and the community.

IB: As a businessman, what have you learned by being a community bank director?

Judd: If there is a single thing that I would say that I have learned it would be the positive effect a bank can have toward the betterment of the life of the community. I honestly do not know where some of our small communities would be without a dedicated and involved community bank.

IB: What’s the toughest challenge facing the North Central Bank?

Judd: The current regulatory environment is the toughest challenge we’re currently grappling with. We need a regulatory overhaul that provides community banks with regulations that are fair, fit and appropriate to the level of risk that they pose to the economy.

IB: What’s the best thing about being a community bank director?

Judd: The ability to affect change in the community is the most rewarding part of this job. I’ve been with the bank for more than 24 years, and it has been a privilege to watch this county flourish. It’s great to see the positive changes in people’s lives and the life of the community.

IB: How do you see the future of North Central Bank?

Judd: I’m very optimistic about the future. Over the last few years we’ve introduced mobile and text message banking as well as real-time processing in an effort to provide our customers with the best services available and to position the bank for the future.

I also like our opportunity for acquisitions. The current regulatory demands are wearing down bankers. There is a lot of fatigue in the industry. We’ll hopefully be able to capitalize on this fatigue and acquire a quality community bank looking to leave the industry. Additionally, we hope to be able to add some talented community bankers from these fatigued banks.

IB: What do you like to do for fun?

Judd: When I’m not working, I love gardening and spending time with my two grandchildren. I also enjoying volunteering in the community, reading and playing golf, if you can call it that!