Press Releases

 

Belleville, Ill., September 11, 2014

Bank of Belleville Receives Commitment to Community Award from The Greater Belleville Chamber of Commerce

The Ambassador Club of The Greater Belleville Chamber of Commerce recently presented Bank of Belleville with the Commitment to Community Award. The award is presented quarterly to a Chamber member who demonstrates commitment to improving the quality of life for residents and/or businesses in the greater Belleville area.
“We are pleased to award Bank of Belleville with this award, as they have continued to show their commitment to the Belleville area as both a Chamber member and community business,” stated John Lengerman, executive director of The Greater Belleville Chamber of Commerce. “Businesses like Bank of Belleville make Belleville a great place to live and do business.”
Bank of Belleville started in 2005 with approximately $8.5 million in capital and a mission to be 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.
With a team of bankers averaging over 20 years of experience, Bank of Belleville not only provides the best in business and consumer banking but also gives back to the community through multiple donations and continuous volunteer work.
“We continually look for ways to not only build our customer base but also give back to the community that has supported us over the years so well. We continue to grow and as we grow we want to enhance the relationships we have in the community to their fullest, volunteer and be among the best corporate citizens in the Belleville area,” said Kevin Pesko, president of Bank of Belleville. “We thank The Greater Belleville Chamber of Commerce for recognizing our efforts and for all they do to help make Belleville be the wonderful place it is to do business.”
Furthering its commitment to Belleville, the Bank recently announced it was relocating and building a new bank headquarters in the downtown area at 215 S. Illinois Street. Expected to be complete by summer 2015, the new headquarters will allow Bank of Belleville sufficient space to continue serving its growing customer base and greater visibility and convenience for the bank and its customers. Design plans are being finalized, but demolition at the site is expected to begin in the coming weeks with construction following soon after.

BELLEVILLE, ILL., July 22, 2014

Bank of Belleville Receives Regulatory Approval to Move and Purchases Site in Downtown Belleville for New Headquarters; Releases Construction Timeline

Bank of Belleville is pleased to announce it received all required regulatory approvals and finalized the purchase of property at 213 and 219 South Illinois Street where the bank plans to demolish both existing structures and build the new banking headquarters it expects to occupy in summer 2015.  Bank of Belleville will relocate from its current location at 720 West Main Street.
The new headquarters will contain sufficient space to allow Bank of Belleville to continue serving its growing customer base for years to come. Design plans are being finalized, but demolition at the site is expected to begin in the coming weeks with construction following soon after.
Bank of Belleville has been located at 720 West Main Street since its inception in 2005 and has enjoyed steady growth that has created the need for additional space.  Only a few blocks from its current location, the 200 block of South Illinois Street will offer greater capacity, visibility and convenience for the bank and its customers.
“We are excited to move forward with the construction of a new bank headquarters for Bank of Belleville. We have maintained a steady path of growth over the years and expect that to continue into the future.  This new space will provide a more suitable floor plan as well as additional square footage. We are currently near capacity so the additional space will be well timed.” said Kevin Pesko, president of Bank of Belleville.
“Downtown Belleville has worked well for us and remains the most central location to serve our sprawling customer base which is spread throughout the greater Belleville area.  We are very pleased with the cooperation we received from the City of Belleville and are excited to continue to call downtown Belleville home.”
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.  Bank of Belleville invites you to like its page on Facebook, follow it on LinkedIn, visit it online at www.bankofbelleville.com or call to speak with one of the many experienced members of its team at (618) 233-6400.

June 4, 2014

BANK OF BELLEVILLE FILES REGULATORY APPLICATION TO RELOCATE, PLANS TO BUILD NEW HEADQUARTERS IN DOWNTOWN BELLEVILLE BELLEVILLE, ILL.,

Continuing its commitment to downtown Belleville, Bank of Belleville today announced it has filed a regulatory application to relocate its headquarters from its current location at 720 W. Main Street to the 200 block of South Illinois Street across from the YMCA. Design plans are incomplete at this time but the Bank 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 W. Main Street 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 Bank of Belleville 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. Bank of Belleville invites you to like its page on Facebook, follow it on LinkedIn, visit it online at www.bankofbelleville.com or call to speak with one of the many experienced members of its team at (618) 233-6400.

April 28, 2010
Bank of Belleville Completes Redemption of Stock of Majority Stockholder via Community Stock Offering – Bank of Belleville President, Kevin Pesko, announced today that the Bank has purchased the controlling interest in the Bank previously held by Capitol Bancorp Limited (NYSE; CBC).

July 8, 2009
Bank has entered into agreement to redeem stock of majority shareholder – Bank of Belleville President, Kevin Pesko, announced today that the bank has entered into a stock redemption agreement with its majority shareholder, Capitol Bancorp Limited (NYSE; CBC). The agreement, subject to regulatory approval, calls for the bank to purchase CBC’s 51 percent interest in Bank of Belleville with the proceeds of a private stock offering.

August 30, 2007
Bank of Belleville Welcomes Three Business Leaders to the Board of Directors – Bank of Belleville announces that three business leaders have been elected to the bank’s Board of Directors.

May 26, 2006
Bank of Belleville Receives Prestigious SBA Preferred Lender Designation – Kevin Pesko, president of Bank of Belleville, is pleased to announce that the bank has received the prestigious Preferred Lender Program designation from the U.S. Small Business Administration (SBA).

May 9, 2006
Bank of Belleville Adds New Board Member; Claire Leopold to Serve on Board of New Community Bank -Longtime Belleville resident and business leader Claire S. Leopold has been elected to Bank of Belleville’s board of directors. She is co-owner and president of Nester Realty, Inc.

Feb 7, 2006
Bank of Belleville’s Grand Opening Gala Feb. 13-17  – Kevin Pesko, president of Bank of Belleville, joins the bank’s Board of Directors and staff in inviting the entire Belleville community to the bank’s Grand Opening gala, Feb. 13-17.

Nov 10, 2005
Bank of Belleville Opens: New Full Service Community Bank Opens in the Richland Plaza III – Bank of Belleville is open for business. Kevin Pesko, president of the new community bank, said the bank officially opened on Friday, November 4 after receiving regulatory approvals and an overwhelming response from local investors to the bank’s stock offering.

Sept 20, 2005
Proposed Community Bank’s Capital Raising Effort Underway – Bank of Belleville (in organization) has received regulatory approvals to raise the capital required to open the new community bank.

Apr 28, 2005
Local Banker Files Application for New Community Bank in Belleville – Local banker Kevin M. Pesko today announced he has filed an application to organize a community bank in Belleville, Illinois.