December 08, 2016 9:42 AM ET

Banks

Company Overview of Alterra Bank

Company Overview

Alterra Bank provides business and personal banking products and services. It offers commercial and small business checking accounts; commercial money market accounts and certificate of deposits (CDs); treasury management services; commercial lines of credit for short-term financing needs, including inventory purchases, meeting cash flow needs, and carrying accounts receivables; commercial term loans financing to finance equipment, vehicles, and capital improvements, as well as fund business opportunities; commercial real estate loans for commercial properties and to expand a facility, warehouse, or office building; capital for small and medium-sized business owners to open a business or fin...

11120 West 135th Street

Overland Park, KS 66221

United States

Founded in 1847

Phone:

913-681-2223

Fax:

913-681-0309

Key Executives for Alterra Bank

Interim Chief Executive Officer and Interim President
Executive Vice President of Commercial Banking
Director Commercial Real Estate
Director of SBA Lending
Director of Private Mortgage Banking
Compensation as of Fiscal Year 2016.

Alterra Bank Key Developments

Alterra Bank to Close its Overland Park Branch; Consolidate Operations at its Leawood Office at 11300 Tomahawk Creek Parkway; Announces Executive Changes

Alterra Bank has announced plans to close its Overland Park branch at 11120 W. 135th St. and consolidate those operations at its Leawood office at 11300 Tomahawk Creek Parkway. The bank said a branchless model is consistent with its business plan. The company said it expects to complete the branch consolidation by the end of this year. First Business Financial Services Inc., the parent company of Alterra, also announced that Pam Berneking is no longer the president and chief executive of the bank's Kansas City area operations. The announcement said Berneking had worked to help complete the combination of Alterra Bank with First Business Financial Services in 2014, and that her departure was by "mutual agreement." David Seiler, chief operating officer at First Business Financial, is serving as interim president and chief executive, and a search is underway for a permanent replacement.

Alterra Bank Announces Management Changes

First Business Financial Services Inc. and Pamela Berneking mutually agreed to terminate Ms. Berneking's employment effective October 1, 2016. Ms. Berneking served as President and CEO of Alterra Bank. David Seiler, Chief Operating Officer of First Business Financial Services Inc. has been appointed interim President and CEO of Alterra Bank and will assume Ms. Berneking's duties and responsibilities while the company searches for Ms. Berneking's replacement.

Alterra Bank to Close Overland Park Branch as of Dec. 31, 2016

Alterra Bank will close its Overland Park branch at 11120 W. 135th St. as of Dec. 31. That will leave it with one facility, its Leawood headquarters at 11300 Tomahawk Creek Parkway.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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