New Era Bank

 

The Beginning – At 9 o’clock Monday morning, July 16, 1934, New Era Bank opened for business amid optimism that the problems of the Great Depression were in the past. A third of all U.S. banks failed to make it through the Depression, and to restore public confidence in the nation’s banking system, President Franklin D. Roosevelt signed legislation creating the Federal Deposit Insurance Corporation (FDIC) in 1933. New Era Bank opened for business in the building formerly occupied by the Bank of Fredericktown at East Main Street and South Mine La Motte Avenue. The Democrat-News reported on July 12, 1934, “The opening of the bank is expected to inaugurate a considerable stimulus to business.” At opening, New Era Bank reported assets of $412, 325. The Growth – In 1959 New Era Bank President L.D. Whitener and the Board of Directors hired local hatchery and feed business owner, Robert (Bob) E. Green, to work at the bank. Bob quickly took on more responsibility as he became a member of the Board of Directors, and was later appointed President upon the passing of Mr. Whitener in 1966. Over the years, the name Bob Green became synonymous with New Era Bank. Bob’s constant effort to see that the Bank provide top quality personal service to its customers distinguished his leadership. Bob remained affiliated with New Era Bank until his death in 1996. In 1983, Bob’s son Steve joined the New Era Bank as Executive Vice President and six years later became the bank’s third President. Under Steve’s leadership, the Bank expanded its operations North to Farmington when it purchased the St. Francois County Savings and Loan in January 1996. Four years later, in 2000, New Era Bank became a part of the Park Hills community with its acquisition of Heartland Bank. Today – New Era Bank continues today under Steve’s leadership, as he is now Chairman & CEO. Mike Burcham of the Park Hills area became New Era Bank’s fourth President in 2004. New Era Bank’s top priority remains providing unsurpassed personal service. Bolstered by experienced staff, New Era Bank enjoys a reputation for being the area’s most knowledgeable and friendliest place to bank. New Era Bank Presidents 1934-1966 L.D. Whitener 1966-1989 Robert E. Green 1989-2004 Stephen R. Green 2004- Present Michael Burcham

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