02/08/2022: Bank of Monroe County opens location in Waterloo

Feb 8th, 2022


Bank of Belleville has formerly opened its newest location, Bank of Monroe County, at 813 N. Market St. in Waterloo.

The division of the Bank of Belleville is the bank’s fourth location and its third to open during the past 12 months. The others are Bank of Madison County and Bank of Clinton County.

Ryan Osterhage (shown) serves as market president for the greater Monroe County area. He is a lifelong resident and 20-year veteran banker in Waterloo.

“While I am very excited to open this bank in my hometown of Waterloo, I am even more excited to do so with my team of local bankers including Kathy Yung, Dawn Carter, Raquel Poff, Brittany Blandford and Cole Matzenbacher, who are each dedicated to serving the community, residents, and businesses of our area.”

Local general contractor, D&F Constructors, managed a team of subcontractors and vendors from in and around Monroe County to bring the new bank to life. The bank is utilizing geothermal heating and cooling and satisfies nearly 100 percent of its energy needs with its roof-mounted solar panels. In addition to these eco-friendly features, the bank also oversized its drive through lanes to accommodate larger vehicles.

Bank of Monroe County offers banking for both consumer and commercial clients, including loans and deposits. Commercial clients enjoy access to checking and money market accounts, online banking, remote deposits, merchant services and custom-tailored lending solutions including access to an SBA Preferred Lender.

Before the bank location was physically open, Bank of Monroe County was already partnering with several local businesses and completing 65 Paycheck Protection Program loans in support of the local economy.

“Combined, all divisions of Bank of Belleville completed approximately 640 PPP loans bringing $74 million in much needed funds to help Metro East businesses survive the pandemic. Each of our banks has established a local base of shareholders and clients and I am excited to see what Ryan and his team will continue to accomplish.”  said Ron Stephens, CEO of Bank of Belleville. “I am so proud of the initiative shown by the Bank of Monroe County team before they physically opened and the manner in which they have embraced our core corporate values of Teamwork, Commitment, Integrity.”

Read more at Illinois Business Journal.