As a bank that believes in the importance of “helping people, businesses and our communities succeed,” when opportunities to help our community achieve economic growth present themselves, they cannot be ignored.
Several months ago it was brought to my attention that, due to the state budget impasse, the construction of Rockford’s new $41 million, 200,000 sq. ft. AAR jet-repair hub was likely coming to a halt in response to the delay in state and federal funding.
Alpine Bank is proud to be a part of a community full of leaders and businessmen and women who are able to put competition aside for the greater good of the region in which we work, live and play. I am fortunate to call many of these leaders my friends and colleagues, and with their help, our community was able to come together to keep this project on track.
A press conference was hosted by the Greater Rockford Airport Authority on Dec. 9, 2015, celebrating the collaboration of Alpine Bank with four other local banks in supplying a $17 million line of credit for the AAR project to ensure that it is completed on time, in the fall of 2016.
I would like to extend a thank you to Northwest Bank, Blackhawk Bank, Byron Bank, and Rockford Bank & Trust. With your help, we’ve been able to ensure that our community will have the opportunity to reap the benefits of this state of the art maintenance, repair and overhaul (MRO) facility, including more than 500 new, well-paying jobs that promise to result in an insurmountable economic impact.
We stepped up to the plate because we truly believe in our people, our businesses and our communities – and for good reason. From local banks, to the hard-working forces behind the Greater Rockford Airport Authority, to our local taxing bodies, we all have one thing in common; the future is bright. Let’s go together.
Bill Roop, President and CEO