CAVE-IN-ROCK, Ill. -- A southern Illinois community will be moving their city hall into a new building after the facility was donated by a local bank.
Banterra closed their branch location, then donated their building to the Village of Cave-In-Rock to be utilized as their new city hall building.
The 1,350 square foot building at 249 N. Canal Street, was built in 1960. Banterra opened in this location after acquiring Area Bank it in 2014. This also included other nearby branch locations.
Included in the donation is four land parcels, which total 30,855 square feet. The building and land donation is valued at $144,000, which includes some furnishings from within the facility; of which a grandfather clock being one of the items donated.
Banterra Bank will continue to offer an ATM in Cave-In-Rock which is located next to the property.
Banterra Bank also offers branch locations in nearby communities, including in Elizabethtown, Rosiclare, Golconda and Harrisburg.
"Banterra has 25 locations in ¾ÅÓÎÌåÓý Illinois, as well as technology conveniences of digital banking and mobile apps," said Jeff May, President & CEO of Banterra Bank. "We needed to evaluate the overall need for continuing a branch location in Cave-In-Rock, or serving the community in other ways through continued ATM service, nearby branches and providing a building to function as a new city hall. We felt like the secondary option was the best solution for our company and the Cave In-Rock community.
"Banterra's donation of their building to be utilized as a new city hall is both generous and needed," said Mayor Marty Kaylor. "This facility will offer more office space and other benefits which we needed for our employees. Understandably, we will miss having Banterra as a business in Cave-In-Rock, but we appreciate them making sure an ATM is available, branches are nearby and the thoughtful gift of this facility to our community."
The last day for Banterra Bank at the Cave-In-Rock location was on April 29. The Village of Cave-In-Rock takes over ownership of the building on May 14.
