The Greater Lynchburg Community Trust is proud of its history that spans from the early 1970s to today. Over the years, The Community Trust has been privileged to be involved in helping our citizens give back to the community that they care so much about. Below are just a few highlights from our history that show we have come a long way in a short time thanks to the help of our donors and investment advisors!
Highlights
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November 1, 1971
An employee of Fidelity National Bank submits to the bank’s “Suggestion Committee” an idea to form a Community Trust.
October 12, 1972
The Board of Directors of Fidelity National Bank adopts a Resolution and Declaration of Trust creating The Greater Lynchburg Community Trust.
December 15, 1972
Initial funding comes from The Pymale Foundation ($10,000), A.H. Easley ($3,000) and Nancy B. Pollack ($1,000).
March 28, 1973
The Community Trust Distribution Committee holds its first organizational meeting where Carl Stern is elected Chair and Sandra Carrington is elected Vice Chair.
May 24, 1973
UVB/First National is named a Trustee of The Community Trust.
June 13, 1973
First and Merchants National Bank is named a Trustee of The Community Trust.
September 1, 1978
William F. Quillian, Jr. joins Fidelity National Bank as a officer in The Trust Division. He is subsequently asked to devote some of his time promoting The Greater Lynchburg Community Trust.
September 1, 1988
William F. Quillian, Jr. retires from Fidelity National Bank and becomes The Community Trust’s first Executive Director.
September 30, 1988
The Community Trust’s assets reach $298,000.
January 30, 1990
A revised Declaration of Trust is adopted to create a Board of Directors.
August 13, 1990
The newly constituted Board of Directors holds its first meeting. George T. Stewart is elected Chairman and G. Edward Calvert is elected Vice Chairman.
September 1, 1997
Shanda Rowe joins The Community Trust as its first Administrative Assistant and full-time employee.
September 30, 1997
The Community Trust’s assets exceed $5 million.
January 1, 1998
Stuart J. Turille is named as Executive Director, replacing William Quillian, Jr. following his retirement.
December 7, 1999
The By-Laws of a corporate subsidiary, The Greater Lynchburg Community Trust, Inc. is approved by the Board of Directors. This allows non-bank investment advisors to provide services to the Trust.
February 1, 2001
Kenneth S. White is named President and CEO, replacing Stuart J. Turille following his retirement.
September 30, 2002
The Community Trust’s assets exceed $15 million.
February 1, 2004
George H. Murphy, Jr. is named President and CEO, replacing Kenneth S. White following his retirement.
September 30, 2004
The Community Trust’s assets exceed $20 million.
June 30, 2007
The Community Trust returns more than $1 million to the community annually.
January 1, 2008
Stuart C. Fauber is named President and CEO, replacing George Murphy, Jr. following his retirement.
