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Thank you for your interest in Banterra Bank. We are dedicated to providing a focused range of financial products and outstanding service to our customers. Banterra has remained on the cutting edge of service and technology while remaining locally owned and operated. With 27 locations and 36 ATMs, your nearest Banterra Bank is never far way.
The beginning was in Ridgway, Illinois where in July of 1975 the Ridgway bank with $11,000,000 in assets, was acquired by a group of investors. Over the next few years, banks in West Frankfort and Vienna were acquired by a similar group of investors. During 1982, West Frankfort and Vienna were merged into Ridgway Bancorp.
Ridgway Bancorp was renamed Banterra Corp in September 1983. The name Banterra was selected as it best embodied the Company's philosophy. The name, very simply, means "Bank of the Earth" and the concepts inherent in that symbolism are found throughout the company.
At the beginning of 1984, Christopher bank was acquired and Banterra's growth continued in the latter half of the 1980's by acquisition of banks in Marion, Norris City, and McLeansboro. In 1989, services were expanded by establishing Banterra Insurance Services.
Banterra continued its growth during the 1990's by acquiring two insurance agencies in Eldorado. New markets were opened in Carbondale and Eldorado in 1993. Expansion continued when Banterra Bank was opened in Paducah in late 1996. Concurrent with expanding into new markets and products, Banterra also simplified the banking relationships with customers in the counties of Gallatin, Saline, White, and Hamilton by merging the independent banks in those counties into a single bank in 1995. This allowed customers who live and work in those areas to maintain a single banking relationship with Banterra in any combination of the four counties.
In September 1998, Banterra merged its five independent bank charters into a single bank. This established the platform for product standardization and additional product offerings or services throughout the Banterra organization.
Banterra continued its growth in June 1999 by acquiring Heartland National Bancshares and its subsidiary Heartland National Bank with locations in Herrin and Carterville. Banterra expanded into the Metropolis market in December 2000 by acquiring certain assets and insured deposits of the former National State Bank of Metropolis. In 2002 Banterra entered a new field with the startup of Homeland Mortgage in June. Also in 2002, Banterra's banking presence was increased by acquiring certain assets and all deposits from FifthThird Bank branches in Carmi, Harrisburg, and DuQuoin. During November of that same year the second Paducah branch was opened.
Early 2004 brought the opening of the new Marion West branch located on Illinois 13 and in July of 2004 Banterra expanded its presence once again with the opening of the Mt. Vernon location. In 2005, Banterra moved into the Evansville, Indiana market with a loan production office. In 2006, Banterra opened a loan production office in Cape Girardeau, MO. Banterra's first Indiana branch is in Newburgh and opened in January 2007. Plans are in the work for additional locations in the Evansville area including a location at Cross Point.
Banterra's primary focus is on basic commercial and retail banking functions; however, the company also provides a one-stop opportunity for a range of financial services. Throughout the years Banterra has established an impressive record of growth and profitability based on a firm foundation of financial strength. Banterra has grown from a single bank with $11,000,000 in assets to 27 locations with nearly $1 billion in assets.
We are committed to returning dollars and resources to the communities we serve because they are also our communities. Therefore, we support many organizations and take great pride in being a part of community activities alongside our friends and neighbors.
Our goal is to be a high-performing, well-capitalized financial services company that provides a wide range of financial products and outstanding service to our customers and to be considered by our employees as an exceptional place to work.
