Bank of Monroe County recently held a groundbreaking ceremony at the site of its future home at 813 North Market St. in Waterloo.
“I think the fact that we still held this ribbon cutting despite the weather conditions, is a testament to our commitment in this community and our excitement about this project,” said Bank of Monroe County President Ryan Osterhage. “As a lifelong resident of Waterloo, I’m honored to bring a community banking option to this area that upholds the values of being a smaller bank, offering bigger service and supporting the area it serves. We’re looking forward to doing many things here in Monroe County.”
D & F Constructors is building the 3,200-square-foot building which includes two oversized drive-up lanes with an ATM and will be powered in part by solar energy. Bank of Monroe County will have an initial staff of six with the space to eventually grow to ten employees. The bank will be full-service and will specialize in business and personal loans and accounts. Osterhage said his team will put special emphasis on building personal client relationships.
Bank of Monroe County is a division of Bank of Belleville, a locally owned and controlled, independent community bank located in St. Clair County. The bank, which recently eclipsed $250 million in total assets, has had a single location in Belleville until 2020, but is now expanding with banks in Monroe, Madison and Clinton counties within the next year.
Bank of Belleville President and Chief Executive Officer Ron Stephens said its growth strategy is allowing Bank of Belleville to continue its mission as a community and relationship-driven bank while establishing regional strength across the entire Metro East.
“Our bank’s success is built on our relationships with clients, so placing the right people in each of these markets, who really understand the community, is key,” said Stephens. “Ryan, and the team he is assembling, is a perfect example of that. We are investing in brick and mortar locations so our teams can work within and contribute to the communities where they live.”
Bank of Monroe County’s new location is expected to be complete by September.
For more information, go to www.bankofmonroecounty.com.
PHOTO FROM LEFT: Craig Brown, Todd Juehne, Wade Weitlauf, Matt Patterson, Todd Neighbors, Junior Frentzel, Paul Abert, Gregg Sutterfield, Keith Osterhage, Bonnie Osterhage, Ron Stephens, Ryan Osterhage, Katie Canova Osterhage, Wayne Schmidt, Kathy Yung, Heather Krebel, Angie Eckart, Edie Koch, Jennifer Warren, Kevin Pesko.