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Success Stories

Chicago North Shore Area Bank Makes Additional COVID Contributions to Community

Northbrook Illinois – Centrust Bank is pleased to announce contributions to two local non-for-profit organizations to support increased needs due to the COVID-19 pandemic. In a partnership with the Federal Home Loan Bank (FHLB) of Chicago and its Targeted Impact Fund, a total of $35,000 has been contributed. In its role as a local community bank, Centrust provides financial services and support to its local communities as part of its mission. This is the second initiative sponsored by the FHLB in partnership with the Bank. In May 2020, the Bank made donations to organizations focused on food insecurity and domestic abuse where needs had initially risen because of the COVID-19 pandemic. The FHLB’s Targeted Impact Fund addresses the populations that have been adversely affected by the COVID-19 pandemic. Member banks had the option to provide funds to organizations that promote empowerment for communities of color, entities that provide affordable housing sustainability, minority, and women-owned small businesses. “We appreciate being able to partner with the FHLB again to support our local communities with additional funds needed to combat the numerous and ongoing challenges of the Covid-19 pandemic,” explained Chief Executive Officer Jim McMahon. “Our goal was to address the broad increased […]

Centrust Bank Helps Local Pizza Restaurant Expand Business

Dave Bonomi opened Coalfire Pizza in 2007 with the hope of putting an American spin on traditional Neopolitan style pizza. Coalfire has since found themselves on numerous “Best Pizza in Chicago” lists and has been highly rated among many restaurant review platforms, specifically for their excellent service, unusual cooking technique, and their top-selling menu items, the burrata appetizer, and pepperoni and whipped ricotta pizza.

Centrust Bank Secures SBA Loan for Growing Therapy Practice

Sarah Stukas had always envisioned her therapy collective, Life Insight, would have its place in her local community. When the practice began to outgrow their current office, Stukas found the perfect location, a beautiful 100-year-old farmhouse. However, securing the property and renovating it turned out to be more difficult than she initially thought. After being turned down by a few different lenders, a trusted advisor recommended she reach out…

Centrust Bank Provides Local Manufacturing Business with SBA Loan to Improve Cash Flow

Family-owned and operated business Master Marketing Intl. was established in 1991 by Neville Baird. With the help of the Baird family, the business had grown exponentially since their start. Daughter, Brenda Baird, recently became the majority owner, which resulted in the second generation, WBENC certified woman owned business established. The company designs and manufactures personalized magnetic promotional…

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