On February 1, Town and Country Bank / Peoples Prosperity Bank merged with Heartland Bank and Trust Company and operate as branches of Heartland Bank. Heartland Bank is a wholly owned subsidiary of HBT Financial, Inc., headquartered in Bloomington, Illinois. The merging of Town and Country Bank / Peoples Prosperity Bank data into Heartland Bank systems begins at close of business on Friday, April 21. To ensure a seamless transition, your online banking, bill pay, and mobile banking services may be unavailable from April 22 until the morning of Monday, April 24.

For the most up-to-date merger information, please visit https://www.hbtbank.com/welcome. Heartland Bank is committed to ensuring a smooth transition with a minimal impact on customers. Please look for additional information in the next few months.

Public Finance

At Heartland Bank and Trust Company Bank and Peoples Prosperity Bank, we believe in investing in our communities. Our team has developed a public finance package that includes public fund deposit offerings and treasury management solutions. You'll also benefit from our local expertise—we have Public Finance experts who have built relationships with local engineers, attorneys, bond counsel, and municipal vendors to realize efficiency which makes repeat and additional projects a simple process for your municipality.

What can municipal financing be used for?

Local governments were hit especially hard by the Great Recession. Many municipalities in Central Illinois and Metro East are still recovering, which means stretching already thin budgets to keep up with the services your residents count on. When the need arises for one-time repairs and projects, Heartland Bank and Trust Company Bank and Peoples Prosperity Bank can help you obtain financing that fits your budget and keeps things running smoothly.

  • Utility upgrades: water treatment plants, sewer system, water drainage and levee districts
  • Equipment purchases: fire trucks, fleet vehicles, school buses
  • Buildings: new buildings or major upgrades to existing buildings
  • Small project needs

What are the different types of municipal loans?

Our public finance lenders can help you determine the best municipal loan option for your municipal budget and project needs.

Municipal Term Loans

When you need a specific amount of financing for a project or purchase, a municipal term loan from Heartland Bank and Trust Company Bank and Peoples Prosperity Bank may be your best option. When you finance capital investments with a term loan, you can spread the cost over time, so both current and future taxpayers can enjoy and help pay for the improvement.

  • Fixed or variable interest rate
  • Choose from different term lengths.
  • Flexible principal and interest payment plans

Attentive, friendly service from application to closing

Heartland Bank and Trust Company Bank and Peoples Prosperity Bank is proud to be one of the best public finance lenders in Central Illinois and Metro East. As a community bank, we understand the valuable role capital improvements play in creating a thriving community. Whether you're new to municipal financing or not, our Public Finance experts are available to assist you throughout the application process, from collecting the necessary financial documents to being the first to say, "Congratulations!" at your loan closing.

Ready to learn more about our municipal finance loans? Request a consultation with our business lending team or visit your local branch in Central Illinois and the Metro East.