Bailout Bank Bio: Centrue Bank

Apr 27, 2009 | 2 min read | Print Article

Centrue Financial Corporation is a bank holding company that operates through its wholly owned subsidiary, Centrue Bank (the Bank). The company was founded in 1982 and is headquartered in Ottawa, Illinois. As of December 31, 2007, the Bank had 35 offices located in markets extending from the far western and southern suburbs of the Chicago metropolitan area across Central and Northern Illinois down to the metropolitan St. Louis area.

In early January 2009 the company began participating in the Treasury Department’s Capital Purchase Program. Under the program, Centrue received $32.7 million from Treasury in exchange for preferred stock and a warrant.

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Bailout Bank Bio: Centrue Bank


Federal Equity Investment	$32.7 million
Total Revenue	$99.27 million
Net Income	$11.116 million
Number of Employees	344
Corporate Headquarters	Ottawa, Illinois
Business Sector	Bank
Officers and Directors	Daiber, Thomas, President, Chief Executive Officer, Director McDonnell, Dennis, Chairman of the Board Other Officers and Directors
Corporate Website	https://www.centrue.com/
Executive Compensation	Centrue Bank