First Bank & Trust has announced that co-founder and Managing Director Howard Kain will retire on June 30. The locally owned and managed community bank was founded in 1995 by Robert Yohanan, Mr. Kain and James Lytle, with a mission to put community first, and provide personalized banking and investment services to individuals, owner-managed businesses, and not-for-profit organizations.
During Mr. Kain’s tenure, First Bank & Trust has grown from a single Evanston location and a dozen staff members, to nine locations and a staff of more than 100 banking and investment professionals serving Chicagoland in Cook and DuPage Counties. As of March 31, 2016, the bank’s total assets stood at $1.06 billion, total net loans were $755 million and total deposits were $973 million.
Mr. Kain earned his bachelor’s degree and MBA from the University of Chicago, and began his banking career as Management Trainee at the Exchange National Bank of Chicago. After 10 years at Exchange, he left as a Vice President to become Senior Vice President at First Illinois Bank of Evanston. He was soon promoted to Executive Vice President and then President and CEO, until the bank was acquired by BankOne Chicago; he left BankOne as Regional President in 1994 to assist in starting First Bank & Trust.
Over his 21 years at First Bank & Trust, Mr. Kain was involved in many areas of the bank including Operations, Retail, and Administration. He also served on the boards of Roycemore School, National Lekotek, Evanston Chamber of Commerce, Downtown Evanston, and Evanston Symphony Orchestra, among others. He was also on the faculty of the Graduate School of Banking at University of Wisconsin-Madison.