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Our Story

At Banterra, we understand that banking is about relationships. It’s about understanding your goals, and being the financial partner you need to help achieve those goals. We knew that in the beginning with a small bank in Ridgway, Illinois in 1975. We know that now with banks in five states and about $2 billion in assets that continues to grow.

We have the security and products you expect from big banks, with local-style, personal service you want in a community bank. Whether you are a potential or current customer, or one of our valued shareholders, we appreciate the opportunity to serve you. We are committed to our communities, to you, and to our employees.

Year Milestone
1975 Acquired Gallatin County State Bank in Ridgway (IL); $11 million in assets.
1979 Finalized acquisition of The Bank of West Frankfort (IL) by Frankfort Bancorporation, Inc.; $40 million in assets.
1980 Finalized acquisition of Drovers State Bank in Vienna (IL) by Vienna Bancorp, Inc.; $19 million in assets.
1981 Formed Ridgway Bancorp, Inc. for the ownership of Gallatin County State Bank.
1982 Merged Frankfort Bancorp, Inc. and Vienna Bancorp, Inc. into Ridgway Bancorp, Inc., making it a multi-bank holding company.
1983 Changed the name of Ridgway Bancorp, Inc. to Banterra Corp.
1984 Acquired Bank of Christopher (IL); $16 million in assets.
1985 Finalized acquisition of Bank of Egypt in Marion (IL) by Egypt Bancorp, Inc.; $54 million in assets.
1986 Acquired Norris City State Bank (IL); $25 million in assets.
1989 Acquired Hamilton County Bank in McLeansboro (IL); $41 million in assets.
Established Banterra Insurance Services.
1990 Changed bank names to “Banterra Bank Of...”
1992 Acquired certain assets and liabilities of Rend Lake Bank.
1993 Opened Banterra Bank in Carbondale (IL).
Opened Banterra Bank in Eldorado (IL).
1994 Opened Banterra Bank in Kroger Super Store in Marion (IL).
1995 Opened Banterra drive-thru facility in Vienna (IL).
Merged banks in McLeansboro, Norris City, and Ridgway (IL) into one bank, Banterra Bank Group.
1996 Opened a Banterra Bank in Paducah (KY).
1998 Merged the five separate bank charters into one Banterra Bank.
1999 Acquired Heartland National Bank in Herrin and Carterville (IL); $64 million in assets.
2000 Acquired certain assets and liabilities of National State Bank in Metropolis; $70 million+ in assets.
2001 Opened new branch in Marion (IL) at 401 E. DeYoung Street.
Converted Banterra Corp. to a financial holding company.
2002 Acquired Title Professionals, Inc.
Acquired Fifth Third branches in Carmi, DuQuoin, and Harrisburg (IL); assets of $140 million.
Opened a loan office in Mt. Vernon (IL).
Opened new branch in Paducah (KY) at 5200 Hinkleville Road.
2003 Banterra Corp. reached $1 billion in assets.
2004 Opened new branch in Marion (IL) at 3201 Banterra Drive.
Opened new branch in Mt. Vernon (IL) at 3520 Broadway.
2005 Entered Indiana market by establishing loan office in Evansville (IN).
2006 Entered Missouri market by establishing loan office in Cape Girardeau (MO).
2007 Opened Banterra Bank in Newburgh (IN).
Converted Evansville loan office to a branch at 3811 Haley Drive.
Established RV Lending.
Purchased Missouri Charter.
Converted Cape Girardeau loan office to a branch.
2008 Opened newly constructed branch in Harrisburg (IL) at 520 E. Poplar Street.
Moved Cape Girardeau (MO) branch to 1610 N. Kingshighway.
2009 Opened newly constructed branch in Evansville (IN) at 133 Cross Pointe Boulevard.
Established Machine Tool Financing Dept.
2010 Opened new drive-thru facility in Harrisburg (IL) at 395 S. Commercial.
2011 Opened third Evansville-area (IN) branch on west side at 705 N. St. Joseph Avenue.
2012 Opened fourth Evansville-area (IN) branch at 435 E. Diamond Avenue.
2013 Opened Banterra Centre in Cape Girardeau (MO), a $7-million facility developed by Banterra and The Rhodes Group.
Established loan office in Ladue (MO)
Banterra continued its strength in agriculture lending and established a loan office in East Prairie, Missouri.
Aviation Lending and Marine Lending were added to Specialty Lending division.
2014 Banterra acquired Area Bank, with locations in Southeast Illinois. Branches include Cave-In-Rock, Golconda, Elizabethtown, and Rosiclare.
2015 Banterra opens two new branches, a renovation project in East Prairie, Missouri (August) and new construction in Metropolis, Illinois (December).
Transportation Lending was added to Specialty Lending division.
Banterra now has 36 branches; $2 billion in assets.
2016 Board Member Mike Alley is named to a new position – Vice Chairman of Banterra Bank.
2017 Banterra hits record-setting year, with a 20% growth in income and nearly $2 billion in assets.
2018 Banterra reaches agreement with Missouri-Based First Bank to purchase assets of three Illinois branch locations. Transaction adds more than $97 million in assets to Banterra Bank’s portfolio.
Banterra opens a loan production office in Tempe, Arizona to particularly meet the needs of Banterra’s growing Machine Tool customer base.
2019 Banterra Bank and Southern Illinois University announces a multi-million-dollar, 10-year naming-rights agreement that rebranded SIU Arena as Banterra Center.

Our Mission

To be a strong regional community bank delivering financial services that provides long-term value to its customers, employees and shareholders.

Financial Overview

Download our Financial Overview brochure which includes financial and leadership information.