Khusboo Desai Receives Illinois State Bank's Gordon Larsen Scholarship

Desai to attend Union College in New York

(l to r) Peggy Lackman, Larsen Enterprises; Khusboo Desai; and Chet Ward, president of Illinois State Bank gather after Desai was awarded the Gordon Larsen Memorial Scholarship, named after Illinois State Bank�s founding Chairman Gordon Larsen. Desai plans to attend Union College in New York. The scholarship is $1,500 each year for four years.

MCHENRY, Ill. - Illinois State Bank today announced that Khusboo Desai has received the Gordon Larsen Memorial Scholarship. The scholarship is in the amount of $1,500 per year for four years, provided she remains in good academic standing. Desai plans to attend Union College in New York and will major in business and medicine. Desai recently graduated from Jacobs High School. Academically, she is ranked number one of almost 500 students and she is the valedictorian of her graduating class.

"We are pleased to present the Gordon Larsen Memorial Scholarship to Khusboo," said Chet Ward, president of Illinois State Bank. "She is a hard-working, talented woman who has a bright future ahead of her. She was successful in her high school career, and we are glad to be able to assist her with her college plans."

The Gordon Larsen Memorial Scholarship was established as a memorial to Illinois State Bank's founding Chairman Gordon Larsen. Larsen served as Chairman of the Board until his tragic death in a car accident in November 2003. The purpose of the scholarship is to highlight and promote the growth of service, leadership, and ethical business practices in young people in the area. The scholarship is awarded by the Algonquin/LITH Rotary Club.

Illinois State Bank is a division of North Shore Bank, which was founded in 1923 and has assets of $1.9 billion and 42 offices throughout eastern Wisconsin and northeastern Illinois with a mortgage production office in Tampa, Fla.