FOR IMMEDIATE RELEASE                                                           Date:  September 19, 2001

Contact: Cheryl D. Peck

Ceremony will honor UIS' first distinguished professor

SPRINGFIELD - The University of Illinois at Springfield will honor its first distinguished professor, Dr. Ronald W. Spahr, in a ceremony at 4:30 p.m. Thursday, September 20, in the Studio Theatre, located on the lower level of the Public Affairs Center.  Dr. Spahr will be invested as the first holder of the National City Distinguished Professorship in Banking and Finance.

The university will also honor National City Bank for contributing a half-million dollars to UIS to establish its first endowed professorship.  "We are deeply grateful to National City for its generosity and vision," said UIS Chancellor Richard Ringeisen.  "This professorship breaks important ground for UIS by providing the ability to begin expanding our roster of accomplished senior faculty.  The significance of this gift to our future is extraordinary and will not be adequately measured in this generation."

Before coming to UIS this fall, Dr. Spahr was the Belk Distinguished Professor of Finance at The University of North Carolina at Pembroke and Professor of Finance at the University of Wyoming.  He holds a Ph.D. in Finance and an MBA from the University of Wisconsin-Madison, a Master's of Operations Management from the University of Southern California, and a B.S. in Mechanical Engineering from South Dakota State University.

His research interests include corporate finance, capital budgeting, banking, risk management, real estate and investments.  Academic publications include articles in Journal of Real Estate Economics, Journal of Risk and Insurance, Financial Review, Financial Management, Engineering Economist and Journal of Real Estate Research.  He consults in the areas of bank management, electrical power systems, capital budgeting, product pricing, asset valuation and risk management.

            The professorship is located in UIS' College of Business and Management.

            Investiture as a named professor is one of the highest honors that a faculty member can receive, and the investiture ceremony reflects that dignity.  An investiture honors both the distinguished professor who has been selected and the donor, whose vision of the future of the university has brought the professorship into existence.