Marion, IL – Banterra Bank, a subsidiary of Banterra Corp., has negotiated a Purchase and Assumption Agreement to acquire the loans, deposits, and banking facilities of First Bank’s Illinois branches located in Carbondale (1500 West Main St.), Johnston City (908 Grand Ave.) and West Frankfort (605 West Main St.). First Bank is headquartered in Creve Coeur, Missouri. The three-branch purchase, subject to receiving all regulatory approvals, is anticipated to occur in April 2018 and will provide more than $91 million in additional assets to Banterra’s $1.5 billion portfolio.

“Banterra is already experiencing substantial growth at an almost 15% annualized pace this year not including this purchase” said Jeff May, President and CEO of Banterra Bank. “We know this growth is a result of our customer service, experienced team, conveniences and product offerings. Adding these First Bank locations, great team members and customers to our Banterra family is the right move to not only support this growth, but to also better serve our communities. We feel especially fortunate to add another Southern Illinois community, Johnston City, to our Illinois footprint, and it will bring a total of 28 Southern Illinois locations to serve customers.”

Banterra Bank began as a single bank in Ridgway, Illinois in July of 1975. Today, Banterra is the region’s largest, locallyowned financial institution. This acquisition by Banterra will bring the bank’s total to 38 banking centers in Illinois, Indiana, Kentucky, and Missouri, with total assets of $1.6 billion and lending limit of $35 million. Banterra plans to utilize the current First Bank facilities, maintaining these branch locations and staff, bringing Banterra’s total workforce to nearly 500 team members. In addition to Banterra’s banking centers, the bank drives economic development with commercial, small-business and agricultural lending, as well as a strong specialty lending division that offers nationwide service and includes Aircraft Finance, Machine Tool Finance, RV and Marine Indirect Lending, Corporate Banking and Transportation Lending. For more information, call 866-BANTERRA (226-8377) or go to www.banterra.com.

INA, IL – Hundreds of Rend Lake College students and scholarship donors met and shared an evening of festivities on Thursday, Oct. 19, at the Benton Civic Center for the 28th Annual Rend Lake College Foundation Scholarship Dinner. During the evening, guest speakers Eric Black, Dr. Sue Tomlin, and scholarship recipient Heath Ramsey of Valier shared their experiences of receiving or giving to a scholarship, and students had the chance to thank their donors first hand.

Kay Zibby-Damron, RLC Foundation CEO, said the event is a great way to highlight donor charity and student success, but also focus on the need for more scholarships.

“Our scholarship dinner is always a special evening. It’s a time of gratitude and appreciation for our donors who generously provide scholarship opportunities to our students. It’s also a time of encouragement for our students, to work hard, and do their best,” said Zibby-Damron. “As the cost of community college goes up, there are more and more students who need help with their tuition, books and supplies. We are working to increase the number of scholarships available to students.”

During the 2017-18 academic year, the RLC Foundation has awarded nearly $200,000 in scholarships to Rend Lake College students. Those who would like to learn more about supporting RLC students with a scholarship, contact the RLCF at 618-437-5321, Ext. 1214, or send an e-mail foundation@rlc.edu.

The event was sponsored by Eggemeyer Associates Architects and The Medicine Shoppe in Mt. Vernon.

Photos will be posted on the website under the photos/video section of the website.