In the spring of 2007, a small group of business people in Burr Ridge, Illinois, decided it was time to develop a business oriented bank in their community. Having found existing area banks increasingly costly, unresponsive and impersonal, they saw a need for a local client-focused bank. They wanted a bank where experienced decision makers work directly with clients and offer practical financial solutions; where innovative technology is used to simplify routine banking; where a client doesn't get "nickel and dimed" for every activity. Most importantly, as successful entrepreneurs and business owners, they wanted a bank that understands the needs and expectations of professionals like themselves.
After finalizing the organizing group in late 2007, an application for a banking charter was submitted to the State of Illinois and the FDIC. In August of 2008, the Regulators gave their approval to raise capital for the new bank through an initial stock offering to the community. The stock sale was launched in mid-October during one of the most challenging and uncertain economic times in recent memory. Despite this environment, the offering was completed in just 90 days. The success of the initial capital raise confirmed there was strong support and desire for a locally owned and run bank interested in building long-term client relationships.
Opening its doors in April of 2009, the bank grew rapidly by developing new relationships with area businesses and local residents. By offering a one-on-one banking experience with knowledgeable bankers dedicated to the needs of their clients, the founding principles of the organizers are being delivered each and every day. These principles continue to drive the success of the bank and its clients.
The organizers are eager to have liked-minded businesses and professionals join them as clients of Burr Ridge Bank and Trust and experience the kind of exceptional service missing in today's banking market.
Burr Ridge Bank and Trust
7020 County Line Road
Burr Ridge, IL 60527
Mon–Fri: 8:30 am - 5:00 pm
Sat: 8:30 am - Noon
Mon–Thurs: 8:00 am - 5:00 pm
Fri: 8:00 am - 6:00 pm
Sat: 8:00 am - Noon