Bank of Belleville files plans to relocate, build new headquarters

BELLEVILLE – Bank of Belleville today announced it has filed a regulatory application to relocate its headquarters from its current location at 720 N. Main St. to the 200 block of South Illinois Street across from the YMCA.

Design plans are incomplete at this time but the bank said it does plan to construct a new bank headquarters at the site, which is currently the site of the Belleville Public Services building and another office building.

Bank of Belleville has been located at 720 N. Main St. since its inception in 2005 and, while the bank continues to grow, it is nearing capacity in terms of its operational space.

Only a few blocks from its current location, the 200 block of South Illinois Street will offer greater access and convenience for bank customers as well as increased visibility and room for growth for the bank.

“We have maintained a steady path of growth over the years and, in the last year alone, we have grown 14 percent. Looking to the future, we need space that allows us to have a more suitable floor plan and additional square footage to accommodate more growth. We are near capacity now so we welcome additional space so we can continue to expand our staff and customer base,” said Kevin Pesko, president of Bank of Belleville. “Downtown Belleville has worked well for us and it is the most central location to serve our sprawling customer base in Belleville and the surrounding communities. After looking at a variety of options, we found this one to be the most suitable to our needs and the needs of our customers.”

Design plans are incomplete at this point, but the bank does expect construction to begin in fall of 2014, with a completion date of summer of 2015.

“We are excited to be able to announce our investment in downtown Belleville and to show our commitment to the community with this new facility,” added Pesko. “I believe it to be a positive move for the bank and its future as well as the community at large.”

Bank of Belleville started in 2005 with approximately $8.5 million in capital and a mission to have a community bank with local ownership and customer focus. The bank now has nearly $115 million in assets and more than 300 local shareholders and 28 employees.

Visit it online at http://www.bankofbelleville.com or call (618) 233-6400.

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