The Harvard State Bank
Phillip Lehmann has a extensive work experience in the banking sector. Phillip started their career at BMO Harris Bank in 1993 as a Management Trainee and Loan Officer, where they received training in bank operations and credit. Phillip then joined US Bank in 1997 as a Vice President. In 2001, they moved to The Harvard State Bank as a Vice President, where they managed various loan categories and was responsible for managing the branch facility. Phillip gradually moved up the ranks, becoming a Senior Vice President in 2004, an Executive Vice President in 2012, and finally the President & CEO in 2015. In these roles, they oversaw the commercial loan department and the day to day operations of the bank. Their expertise lies in commercial loans, commercial real estate, and commercial construction.
Phillip Lehmann completed their Bachelor of Arts (B.A.) degree in Accounting and Business Administration at Carthage College from 1989 to 1993. Phillip then pursued further education and obtained their Master of Business Administration (M.B.A.) from Washington University in St. Louis - Olin Business School, studying there from 1999 to 2001.
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The Harvard State Bank
On August 6, 1866, there were no banks in McHenry County. Mr. J.C. Crumb realized that Harvard needed a bank to facilitate the economic growth of Harvard and the surrounding area so he started The Harvard Bank. It was known as The Harvard Bank until October 13, 1919, when the word “State” was added to its name and it was incorporated. When it started, it was located right across the street from where it presently stands in a feed store owned by Mr. Crumb. Our first banking relationship started two days after we officially opened. In 1923, the building on the corner of Brainard and Ayer Street was completed and the Bank moved across the street. On its 75th Anniversary, in 1941, Mr. William Hubbell was President and he was only the third President. To date there have only been eight Presidents of The Harvard State Bank. Through the years, The Harvard State Bank has led the way with safe and sound business principles; helpful, friendly customer relations; and state of the art banking plans and developments. We offer ATM service in a number of locations; a wide variety of checking, savings and money market accounts; a complete Loan Department offering a wide variety of mortgages, Home Equity Lines of Credit, consumer, agricultural and our own credit cards with reward packages.