John Eldred’52 was the third generation of his family to lead the bank that was founded in 1882, and John and his wife, Helen Macklem Eldred’52, followed the footsteps of their parents and other relatives (going back to the class of 1917) by gaining an education at Beloit College. John has since passed away, and today their son, Steve, carries on the family business tradition as president.
Through the years, the bank has grown tremendously and contributed to the revitalization of downtown Beloit. Thanks to the bank’s success and the family’s loyalty to the College, both institutions are well-poised for the future.
The Eldred family continues to act as a bridge between College and community. They recently made a significant gift to support Beloit’s new Center for the Sciences, and they have established two endowed funds that honor both the family and the family business.
“We have always viewed the College as playing a very important role in the success of the community,” says Steve Eldred, echoing his father’s sentiments about the importance of supporting Beloit.