Save the Date While Saving the Day – A Truly Engaging Story

The pandemic presented seemingly insurmountable obstacles to business owners everywhere.  Business leaders were forced to examine every aspect of their operations looking for opportunities to pivot their model to address new market needs – or market needs that existed, but they had not meaningfully participated in before.  This was the challenge for Brenda Baird and her family-owned promotional magnet manufacturing business, MagnetStreet. Born inside the kitchen of its founder in 1991, MagnetStreet produced printed products on magnets such as real…

Paycheck Protection Program Data Is In — Community Banks Acted Heroically to Save Small Businesses, and Centrust Bank was no exception

As the country’s leading small-business lenders, community banks were critical to the Paycheck Protection Program’s (PPP) success throughout the COVID-19 pandemic.  According to the Small Business Administration (SBA), community banks funded 60 percent of total PPP loans offered to millions of small businesses. It was the quick action by community banks, such as Centrust Bank, during the initial days of this program, which enabled PPP funds to reach small businesses in their hour of need. At the onset of the…

Chicago Community Bank Helps Expand Wisconsin Entrepreneur’s Food Businesses

Chicago Community Bank

Alpina Manufacturing is a proud American manufacturer famous for its high-quality custom frames and its exceptional customer service. Founded in 1992, Alpina Manufacturing focuses on producing all frame components in their 100,000 sq ft facility in Chicago; and creates jobs and environmentally responsible products made with more than 30% recycled materials. Alpina Manufacturing’s products are well known to be durable, competitively priced, and are delivered quickly across the entire country. No order is too small as they deliver 1 or…

Chicago Community Bank Finances American Manufacturers

Chicago Community Bank Finances American Manufacturers

Alpina Manufacturing is a proud American manufacturer famous for its high-quality custom frames and its exceptional customer service. Founded in 1992, Alpina Manufacturing focuses on producing all frame components in their 100,000 sq ft facility in Chicago; and creates jobs and environmentally responsible products made with more than 30% recycled materials. Alpina Manufacturing’s products are well known to be durable, competitively priced, and are delivered quickly across the entire country. No order is too small as they deliver 1 or…

Chicago Community Bank Helps Smooth Sale of Local Manufacturing Business

Chicago Community Bank Helps Smooth Sale of Local Manufacturing Business

Jim Vassar believed in providing the best-in-class quality service in the plastics industry.  Inspired by his father's work   bottle making technician-Jim Vassar founded Fidelity Tool & Mold in 1986, with the vision to provide a customized and innovative approach to mold technology. Fidelity Tool & Mold also commits to researching and developing patented technology, the first MPL (Multi Parting line technology), which doubles the output of conventional machines in the industry.…

Chicago Area Community Bank Uses SBA Program to Help Expand Local Family Business

Chicago Area Community Bank

A family-owned business with a passion for bringing fresh and flavorful Mexican food to their community, Cilantro Taco Grill started small, opening its first location in 2013, with the hopes to someday grow. Now, nearly eight years later, they are in the process of opening their 10th and 11th locations and have their own line of salsa, tortillas, tortilla chips, and more. …

Life Insight Therapy Collective Celebrates Opening with Help from Centrust Bank

Life Insight Therapy

After working with Centrust Bank to secure SBA financing to help with the purchase and renovation of a beautiful 100-year-old farmhouse for their growing counseling and psychotherapy practice, Life Insight Therapy Collective celebrated the grand opening of their new building at 115 South Vine St. in Hinsdale on October 16, 2020. …

Chicago North Shore Area Bank Makes Additional COVID Contributions to Community

north shore chicago community bank

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.…