Making large purchases or working with a third party? We can back you up with a guarantee. Get a letter of credit and forget about having to deal with an insurance company.
Key Features
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Local Decisions
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Friendly Service
Details
- Provides guarantee on payments of large purchases to third parties
- Can replace need for costly insurance company performance bond
- Can also be used to guarantee a service
- Terms easily renewed
- Fee is based on face value amount
- Interest accrues only if we must make payment to beneficiary on your behalf
Contact our Loan Team to Apply!
LaGrange Branch
Joe Kroc
Executive Vice President, Chief Lending Officer
[email protected]
Amy Tolan Grace
Senior Vice President
Relationship Development & Bank Counsel
[email protected]
Tim Sawyer
Vice President
Loan Officer – Commercial Banking
[email protected]
Tom Lombardo
Commercial Banking & Relationship Officer
[email protected]
West Chicago Branch
Steve Beles
Vice President – Commercial Lending
[email protected]
Rick Ramey
Vice President – Commercial Banking
[email protected]