Mt. Vernon Register-News

January 11, 2013

College dropped by Merrill Lynch


MT. VERNON — The Rend Lake College Board of Trustees on Tuesday adopted a resolution to switch investment managers.

The resolution authorizes the college’s participation in the Illinois School District Liquid Asset Fund Plus, through PMA Securities, Inc.

Finance Manager Bob Carlock said the college’s investments were previously managed by Merrill Lynch.

“Merrill Lynch called us and said, ‘We’re done,’” Carlock explained during the meeting. He added that working with Illinois School District Liquid Asset Fund Plus will help RLC meet the state’s standards.

Merrill Lynch Wealth Management recently made a corporate decision to eliminate all business relationships with community colleges, information from the college states.

The board of trustees also approved the naming of music program rooms on campus.

Shawna Hall, CEO of the Rend Lake College Foundation, told the board the foundation doubled its fundraising goals for the music program. The named rooms represent individuals or families who reached major giving levels for the project.

The new names of the music program rooms effective immediately are: The Sweeten Corridor, the Hunt Bonan Classroom, the Mary Ellen and John D. Aiken Classroom, the Henry Leeck and Cindy Leeck Practice Room, the Rubenacker Family Practice Room, the Mary B. Pericolosi Practice Room and the Spears Practice Suite.

The board approved the appointments of four individuals, which were:

n Eric Breeze, police officer, effective Jan. 22. Breeze is a detective with the Mt. Vernon Police Department and has been a part-time police officer at RLC since October 2012;

n Ronald Hudson, police officer, effective Jan. 22. He holds a bachelor’s degree of science in administration of justice and political science from MacMurray College. Hudson currently is a patrol captain with MVPD and was a part-time police officer at RLC in 2011 and 2012;

n Amy Epplin, financial aid specialist, effective Jan. 9. She holds a master’s degree in business administration and a bachelor’s degree of science in finance / economics, both from Southern Illinois University — Carbondale. She has worked part-time in the Financial Aid Department at RLC since last year and has been an adjunct business instructor since 2006, and;

n John McKinney, agriculture instructor, effective Jan. 8. McKinney holds a bachelor’s degree of science in agriculture education from Murray State University and an associate’s degree in applied science in agricultural production and management from RLC.