The City of Madison, German American Bank, and the Community Foundation of Madison & Jefferson County announced today that German American Bank has pledged $50,000 toward the “Stellar Madison Fund” at the Community Foundation.
The Stellar Madison Fund will be used to assist in bringing all of the Stellar projects to completion. Some of the projects included in the Stellar plan include finishing the Madison Connector trail, improving local parks, rehabilitating historic buildings like the Cotton Mill, and repairing and replacing sidewalks. The funds pledged and given to the Stellar Madison Fund at the Community Foundation will be split 65/35, with 65% of pledged funds going to projects immediately, while 35% will go toward a long-term fund to sustain the projects long into the future.
German American Bank Regional Chairman Matt Forrester stated, “We are pleased to partner
with the City of Madison and Community Foundation in advancing our Stellar Community. We believe
that when a community thrives, its’ people prosper...and German American Bank and is employees
demonstrate that through any number of initiatives, including financial and service opportunities.”
German American has five branch locations in Jefferson County and a total of 50 locations across its
footprint in southern Indiana.
“We are grateful for German American Bank’s contributions to our community and the strong
statement that this pledge sends to our residents about its investment in the future of Madison. I hope
that a statement pledge like German American’s will encourage others to donate so that we can make
our Stellar community even stronger over the coming years,” said Mayor Damon Welch.
Other financial pledges will be announced in the coming weeks. Businesses and individuals that
are interested in supporting the Stellar Madison Fund can contact Nicole Schell or Andrew Forrester at
the Mayor’s Office or Bill Barnes at the Community Foundation. Madison was designated as a Stellar
Community in October. More information about Stellar can be found at www.stellarmadison.org.
Pictured L to R: Andrew Forrester/City of Madison, Bill Barnes/Community Foundation, Jenny Darnold/German American Bank, Matt Forrester/German American Bank, Damon Welch/Mayor, Anthony Brandon/German American Bank, Nicole Schell/City of Madison.