Ground to be broken in 2018
OWENSBORO, Ky. (May 24, 2017) — Brescia University has received a $1 million gift to establish the Charles Albert Reid School of Business. The gift is from the family of the late Charles Albert Reid, founder of Independence Bank and a graduate of Brescia. The school will be located in Brescia University’s new academic center for professional studies to be constructed on the corner of 9thand Frederica Streets.
In 1971, Reid and his brother-in-law, Maurice E. Reisz, purchased Farmers & Merchants Bank in McLean County as well as Providence State Bank in Webster County. In 1997, the two small banks were incorporated under one name, Independence Bank. After his passing in October 2001, his son Chris, also a Brescia graduate, took over his father’s role as president that same year.
The center for professional studies, currently being called the Signature Building, will also house the Marilyn Younger Conley School of Social Work, which recently received a $500,000 grant from the James Graham Brown Foundation, as well as, the School of Education and The William Thompson Center for Business Graduate Studies.
Ground will be broken on the project in early 2018 as part of the second phase of The Campaign for Brescia University: Gateway to Our Second Century, following the completion of the first phase, the renovation of The Moore Center in mid-June. Construction of the building will cost approximately $8 million, with a total campaign cost of $15 million. The University has raised nearly $12.1 million to date.