SR0151 94TH GENERAL ASSEMBLY

SR0151 LRB094 11982 CSA 44914 r

SENATE RESOLUTION

WHEREAS, The members of the Senate of the State of Illinois learned with sadness of the death of Olie L. Musgrave of Marion on April 6, 2005; and

WHEREAS, Mr. Musgrave was born February 15, 1934, in Berryville, just outside of Jonesboro, the son of Willis Ervil and Trula Ozell (Edmonds) Musgrave; he was married to Betty June McNail at Coal Bank Springs Baptist Church, near Crab Orchard, on September 1, 1956; and

WHEREAS, He graduated from Anna-Jonesboro High School and Draughon's Business College in Paducah, Kentucky; he started his professional career with Household Finance before joining the Army in 1956; he worked for Household Finance again in Indianapolis after his discharge in 1958; and

WHEREAS, He and his wife returned to Southern Illinois in 1960 when he took a job in the installment loan department of the Bank of Marion, where he rose to the position of bank president in the 1970s; he served as executive vice-president of Peoples Bank in Marion when the 1982 tornado hit and dropped a car upside down on his desk; during the rebuilding, he oversaw that bank holding company's operations in Christopher at the Rend Lake Bank; in 1983, First Bank and Trust Co. of Mount Vernon hired him as their new president and CEO, where he stayed for just over a decade until Mercantile Bank bought the institution; he then worked briefly as president of Heartland Savings and Loan in Herrin before deciding that Southern Illinois needed a new bank; in 1994, he began organizing the South Pointe Bank, which opened its doors in the spring of 1995, and has since grown to nine branch and ATM locations in four communities in Southern Illinois; and

WHEREAS, He was a longtime member of Second Baptist Church in Marion, where he served in various capacities, but particularly as a Sunday school teacher over the years; and

WHEREAS, Active in community affairs in the various places where he worked and lived, he was honored as a "Paul Harris Fellow" while he was a member of the Rotary Club of Mount Vernon; since the 1970s, he provided leadership to community organizations, including the Chambers of Commerce and Rotary Clubs of Marion and Mount Vernon, Southern Illinois Incorporated, the Marion Civic Center Foundation, which he helped found, Big Brothers/Big Sisters, the Illinois Bankers Association, and the Jackson County Business Development Corp; while a resident of Mount Vernon, he was elected twice as a member of the board of trustees for Rend Lake College; and

WHEREAS, He was preceded in death by his parents, a stillborn brother, and one niece, Shirley Gibbs; and

WHEREAS, The passing of Olie L. Musgrave is felt by all who knew and loved him, especially his wife of 48 years, Betty; his son, Jon Musgrave; his two sisters and brothers-in-law, Lorene and Dr. Jean Jones and Wilma and Paul Davis; his brother and sister-in-law, Ira Willis and Freda Musgrave; and his two nephews and four nieces; on his wife's side, he is survived by two brothers-in-law, Bob McNail (wife Sue) and Don McNail (wife Mary), as well as four nieces and one nephew; he is also survived by numerous great-nephews and nieces on both sides of his family, plus many other relatives and friends; therefore, be it

RESOLVED, BY THE SENATE OF THE NINETY-FOURTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we mourn the passing of Olie L. Musgrave and extend our sincerest condolences to his family, friends, and community; and be it further

RESOLVED, That a suitable copy of this resolution be presented to his family as an expression of our deepest sympathy.