Tribune staff writer
Community First Bank of Indiana president and CEO Mike Stegall announced Tuesday the lender will donate $50,000 to the Kokomo Family YMCA to assist with the capital campaign for the new downtown YMCA project.
“Community First Bank is pleased to help our local YMCA by making this contribution to support not only the efforts of our Y but also our community as a whole,” Stegall said in a press release. “The economic impact of our investment, along with the investment of other community-minded businesses and individuals, will have long-lasting benefits that I am sure we can’t begin to imagine at this time.”
Initial plans for the new Y include a health and wellness center, lap pool, instructional warm-water pool, multi-purpose gathering spaces, a double gymnasium and much more. However, the size, scope and timing of the new Y facility will ultimately be determined by the pace of fundraising.
Dave Dubois, executive director of the Kokomo Family YMCA, said the Y has simply outgrown its current building, which was initially constructed in 1910.
“With a new building, we will be able to build into the lives of more children, mentor more teens, connect more seniors to each other, and help more families make health and wellness a priority,” said Dubois. “With the help of generous partners such as Community First, we can help make the entire community stronger.”
Community First Bank of Indiana is locally owned and operated with three locations in Howard County. Community First received its charter in 2003 and celebrates its 10th anniversary this year. The core of the bank’s mission is to remain actively involved in making the community a better place to live and do business. The staff and directors are actively involved in numerous civic and nonprofit organizations.
Community First’s donation comes soon after St. Joseph Hospital made an undisclosed donation which YMCA officials characterized as extremely generous. City of Kokomo and Howard County government have also pledged significant assistance to the project, which is slated to be built on the site of the former Button Motors dealership downtown.