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A True Community Bank Locally Owned and Operated Since 1948!


Itasca Bank & Trust Co. has supported the communities we serve for over 71 years. Our rich heritage and commitment to quality service helps create an environment in which individuals, families, and businesses thrive.


Many of the community banks in the Chicagoland area have disappeared. Competition, consolidation and the great recession thinned the ranks of local banks. However, Itasca Bank & Trust Co. continues to stay independent and true to their original purpose and their loyal customers. The Bank’s market area, along with many other things, has changed, but the real mission of the Bank has not. “The needs of our local communities still exist and the ability of a community bank to meet those needs is still real. We work very hard to identify and help find unique solutions for all of our customers. Getting involved and supporting local chambers, community service organizations, churches and governmental bodies helps us to see opportunities,” said Mark Stelter, VP & Commercial Loan Officer. “Both the Bank and the communities prosper from the mutually beneficial relationship, a win-win for everyone,” he said.


12 | COMMON INTEREST®


One area that Itasca Bank & Trust Co. concentrates in is making common element repair loans to community associations throughout Chicagoland. While some of our larger competitors find reasons to turn down loan requests from smaller associations or communities that don’t fit exactly into their loan approval “box”, Itasca Bank & Trust Co. goes the extra mile to work with property managers and board members to arrange for financing that has improved the quality of life for communities all over Chicagoland. We work with community associations of all sizes with credit needs that range from $25,000 to $6,000,000.


Any requests for common element repair loans can be directed to Mark Stelter, Vice President and Commercial Loan Officer at 630-773-0350 ext. 220 or by cell phone at 630-650-0350 or by e-mail at markstelter@itascabank.com.


• Summer 2019 • A Publication of CAI-Illinois Chapter


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