Current Conditions of the U.S. Economy To Be Discussed
Posted by Lisa Morel Las
on Mar 21, 2011
Brigadier General [Ret.] Patrick E. Rea, Village Clerk of Tinely Park, will explore the
"Current Condition of the US Economy With a Closer Look at Illinois" at
the March 29 Rotary Club meeting. All Rotarians and their guests are encouraged to attend this timely presentation.
Patrick E. Rea has a long and distinguished career of professional achievements and dedicated public service.
He was appointed Regional Administrator for SBA's Midwest Region by President George W. Bush in November 2003 and held that position through January 2009. He had responsibility for the states of Illinois, Ohio, Indiana, Michigan, Wisconsin and Minnesota. As Regional Administrator, Rea was the principal representative of Administrator Hector Barreto in the Midwest and provided interface with regional, state and local elected and appointed officials, trade organizations and small business communities across the region.
Before joining the SBA, Rea was the Executive Director for the Illinois Development Finance Authority (IDFA), where he directed the senior debt financing agency's economic development, small business expansion, local government capital needs, seed stage venture capital investments and film financing.
Previously, Rea served as a Vice President and Corporate Banker of Bank One Capital Markets. Rea joined Bank One in 1969 and worked in a wide variety of assignments in the Operations Division and the Cash Management Division. Most recently, he served as a Corporate Banker in the Municipal Division, managing several major municipal accounts with a full range of credit and non-credit products. Additionally, he managed state accounts in Illinois and Indiana and served as lead banker for U.S. government relationships.
Rea was appointed Village Clerk of the Village of Tinley Park in May 2009 after serving for 37 years as an elected Village Trustee. From 1980 until May 2009, he was Chairman of the Village's Finance and Economic Development Committee. He served as the Chairman of the Board and CEO of the Chicago chapter of the American Institute of Banking for four years.
He is past president and a member of the Executive Committee of the University of Illinois College of Business Alumni Association, and was listed in the Who's Who in America in the Executive and Professional Division in 2002. In addition, Rea serves on a number of boards of directors for public higher education, not-for-profit foundations and professional associations, and he has served on advisory committees at the federal, state and local level.
Rea holds a Bachelor of Science degree in Economics and Business and a Master of Arts degree in Economics from the University of Illinois at Urbana. He is a retired Brigadier General in the U.S. Army Reserve, having served throughout the United States, Asia and Europe.
Rea is the immediate past State Chairman of the Illinois Committee to Support the Guard and Reserve (ESGR). He is a Registered Municipal and General Securities Representative. Rea has published in the area of local taxation and governmental debt financing. Most recently, Rea received the distinguished 2004 Secretary of Defense Medal of Outstanding Public Service Award.
He was appointed Regional Administrator for SBA's Midwest Region by President George W. Bush in November 2003 and held that position through January 2009. He had responsibility for the states of Illinois, Ohio, Indiana, Michigan, Wisconsin and Minnesota. As Regional Administrator, Rea was the principal representative of Administrator Hector Barreto in the Midwest and provided interface with regional, state and local elected and appointed officials, trade organizations and small business communities across the region.
Before joining the SBA, Rea was the Executive Director for the Illinois Development Finance Authority (IDFA), where he directed the senior debt financing agency's economic development, small business expansion, local government capital needs, seed stage venture capital investments and film financing.
Previously, Rea served as a Vice President and Corporate Banker of Bank One Capital Markets. Rea joined Bank One in 1969 and worked in a wide variety of assignments in the Operations Division and the Cash Management Division. Most recently, he served as a Corporate Banker in the Municipal Division, managing several major municipal accounts with a full range of credit and non-credit products. Additionally, he managed state accounts in Illinois and Indiana and served as lead banker for U.S. government relationships.
Rea was appointed Village Clerk of the Village of Tinley Park in May 2009 after serving for 37 years as an elected Village Trustee. From 1980 until May 2009, he was Chairman of the Village's Finance and Economic Development Committee. He served as the Chairman of the Board and CEO of the Chicago chapter of the American Institute of Banking for four years.
He is past president and a member of the Executive Committee of the University of Illinois College of Business Alumni Association, and was listed in the Who's Who in America in the Executive and Professional Division in 2002. In addition, Rea serves on a number of boards of directors for public higher education, not-for-profit foundations and professional associations, and he has served on advisory committees at the federal, state and local level.
Rea holds a Bachelor of Science degree in Economics and Business and a Master of Arts degree in Economics from the University of Illinois at Urbana. He is a retired Brigadier General in the U.S. Army Reserve, having served throughout the United States, Asia and Europe.
Rea is the immediate past State Chairman of the Illinois Committee to Support the Guard and Reserve (ESGR). He is a Registered Municipal and General Securities Representative. Rea has published in the area of local taxation and governmental debt financing. Most recently, Rea received the distinguished 2004 Secretary of Defense Medal of Outstanding Public Service Award.