N.A.
FALL 2013
Starting small,
staying strong
BankChampaign
Vice President Peter
Clausen (left) with
Mayfield Construction
owner Todd Mayfield.
Growing up around the construction
business, Todd Mayfield learned
the benefits of building a strong
foundation. Now at the helm
of Mayfield Construction — a
Champaign concrete contractor — his
business is literally about ensuring that
residential and commercial structures
have a solid base.
He started the business in March
2007, mainly doing work with single
family homes, when the economy
was anything but kind to small startups. But since those early days, he’s
expanded the company more than
four-fold to 25 employees, with three
or four major projects in the works
at any given time. One of the largest
and most visible, just completed,
is 75 Armory, a luxury apartment
building near the corner of First
Street and Armory Drive that features
an underground parking garage. In
another significant development, Todd
and his business partner and brother,
David, continue work on the next
phase of the planned 12-building
Hunter’s Pond apartment complex
north of Champaign’s Market Place
Mall.
“BankChampaign’s backing has
equaled growth for us,” Todd said.
“From the beginning, there was never
a time they didn’t have confidence in
our company.”
Todd chose BankChampaign as his
financial partner because he was
familiar with the Clausen family,
valued their upstanding reputation in
the community and liked the bank’s
longtime support of small businesses.
As a Champaign native, he also
appreciated the bank’s local ownership
and decision-making.
“BankChampaign’s
backing has equaled
growth for us.”
“We’ve worked closely with Vice
President Peter Clausen and have
always been pleased with his service
and attention to detail,” Todd
added. “It was Peter’s suggestion to
consolidate the existing loans for our
company trucks that shaved a year off
the payments.”
Even more important was the bank’s
planning and advising that moved
Mayfield Construction from rented
space to its own new building on
Hundman Drive last year. “To go
from a start-up to owning your
building in five years, especially in the
midst of a poor economy, is testament
to how encouraging BankChampaign
has been. Peter worked closely with
us to get an accurate analysis of our
revenue and expenses as a basis for our
decision on the most workable size for
the building.”
Much like his bank’s philosophy, Todd
attributes his success to forging and
growing relationships with members
of the local community. Working
with business partners Jared Flynn,
his father, Danny, and brother, David,
he’s looking forward to making greater
impact on the Champaign-Urbana
area — from the ground up, of course.
Todd also credits the bank’s
recommendation that he set up a line
of credit as the impetus to capitalize
on new opportunities as they arise.
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Letter from the Chairman
Champaign-Urbana, like all prospering communities in
the Midwest, relies on the growth of jobs and employment
opportunities to sustain a vibrant economy. With increasing
consistency, it is small businesses that play a critical role in
both parts of this growth here and across the country.
Local entrepreneur Todd Mayfield is a true example of the
role of small business at work. He started in the construction
business and learned a trade. He then took that personal
investment and leveraged it into Mayfield Construction,
a company that today employs 25-30 people. Our feature
on Todd Mayfield in this issue of The Neil Street Journal
underscores how business growth can lead to job growth,
and job growth can lead to community growth. It is a cycle
that BankChampaign, as a financial partner for many small
businesses, sees happen time and time again.
We are very proud to be a part of Todd’s company and its
success. All of us at BankChampaign look forward to meeting
new entrepreneurs and to partnering with them on their
business plans. Together, we can achieve even greater growth
in the future and keep our local economy moving ahead.
Are you getting
eStatements?
They’re available free of charge
from BankChampaign. You’ll
receive an email alert when your
monthly checking statement
is ready so you can review it
then — without waiting for a
printed statement in the postal
mail. Plus, there are no security
concerns about your statement
sitting unattended in your outside
mailbox.
If you want or need a paper
statement, you can always print
a copy from the eStatement. In
addition, statements are stored
online for 18 months, and older
statements can be requested as
needed for a fee.
To sign up, log into online banking
and look for the eStatement tab.
If you’re not already enrolled in
online banking, contact Kellie
Kneipp or Sharon Armstrong at
217-351-2870 or stop by any of
our locations.
L. Dean Clausen
Chairman
FAQs: Commercial loans
Q. How are commercial loans used?
A. Commercial loans are used for a
variety of business and investment
purposes — including purchasing,
starting or expanding a business,
investing in additional inventory
or new equipment, acquiring
or refinancing an investment
property (residential, office, retail
or industrial). BankChampaign
commercial loans and lines of
credit offer our community’s
entrepreneurs the flexibility they
need to succeed.
Q. My business has been steadily
growing, but I don’t have enough
cash to take my business to the
next level. What can I do?
A. Congratulations! You’ve endured
the lean start-up years and have
surpassed break-even. Now it’s time
to meet with your BankChampaign
loan officer to establish a line
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of credit to support increasing
receivables or to fund a new
inventory line. We can help finance
the new equipment needed to
increase production to meet your
increasing sales demands. If space is
your limiting factor, talk to us about
a loan for your real estate purchase
or expansion.
Q. If “cash is king,” why is my loan
officer focused on my cash flow?
A. While money “talks,” it’s the
repeated cash conversion cycle
(i.e., cash to product to cash) that
generates the funds to satisfy the
ongoing expenses of a business.
So when a BankChampaign loan
officer evaluates your business’
historical and projected cash
flow, he can assess the likelihood
of sufficient cash flow to meet
operating expenses and service loan
repayment.
Q. News stories continue to report
a tight credit market. Are small
businesses still able to borrow
money?
A. Absolutely. While recent history
shows how unsound credit policies
and liberal underwriting preceded
unsustainable credit expansion and
risk, we’ve maintained discipline in
our commercial lending, working
with customers through the
economic downturn (recession)
and supporting their growth in the
years following. BankChampaign
is committed to our customers
and community, and knows
small business will be the driver
in increasing employment and
economic growth for years to come.
BankChampaign understands small
business because we are one.
O u t a n d a b o u t i n t h e co m m u n i t y
3 intersections + 12 weeks + 200 performers = Friday Night LIVE
BankChampaign once again sponsored
this popular street-side performance
series in downtown Champaign. Held
every Friday from May 12 through August 16, Friday Night LIVE featured
a mix of music, dance, balloon art,
stilt walking and many other activities, including a Kids Sidewalk Chalk
Contest when more than 130 children
created artworks on the downtown
sidewalks. All performances were free
to the public, thanks to the generosity of BankChampaign, and support
from 40 North, Champaign County
Arts Council, the Champaign Center
Partnership and Illini Radio Group.
Helping local children overcome adversity — sweet!
Interested in becoming a Big Brother
or Big Sister? Contact Eric Batsie,
Community Partnership Manager,
at 355-2227 or [email protected].
“Some people think they are too old
or don’t know how to be a mentor,”
said Amie. “Being a Big Brother or
Big Sister is really about giving kids
consistency and being their friend.”
When hundreds of people attend
the annual Big Brothers Big Sisters
Chocolate Extravaganza this fall, they
will be doing more than just sampling
delicious sweets, foods and wine. They
will be supporting a program that
provides children facing adversity with
strong and enduring, professionally
supported one-to-one relationships
that change their lives for the better,
forever!
BankChampaign Vice President Amie
Smith, a member of the Big Brothers Big Sisters Regional Board and
chairperson for this year’s event, has
been a Big Sis to a seven-year-old girl
for 18 months. “The need is so great
in our community, and it’s something
you can do that doesn’t require a huge
commitment of time and money.
Little things like going to the park or
library, even learning to crack an egg,
mean a lot to these kids. Just giving
them your time and attention is the
most important part.”
During 2012, Big Brothers Big Sisters
of Champaign County served 200
children and the wait list currently
stands at more than 70. Case managers carefully match volunteers and
children who enjoy doing similar
activities two to four times per month.
Partnerships can be community-based
or school-based, and every quarter the
case manager meets individually with
the child, as well as the Big Brother/
Chocolate Extravaganza
BankChampaign team for Bowl for Kids’ Sake
(Back row) Stephanie O’Connor, Jenny Clementz,
Rachel Santarelli, Josie Donovan (Front row)
Brittany Etter, Nichole Valentine, Cary Steinman
Big Sister, to answer questions and
assess how things are going.
The love of food for kids’ sake
November 15 at 5:30 pm
Hilton Garden Inn, Champaign
Tickets: $50 each
Food from more than 45 restaurants,
silent auction, wine tasting,
appearance by National Big and Little
Brother of the Year. To register, visit
chocolate.kintera.org/bbbs
While the organization is funded in
part by the United Way and other
grants, like most not-for profits they
depend heavily on the generosity of
the local community. Events such as
Bowl For Kids’ Sake, Golf For Kids’
Sake and Chocolate Extravaganza, as well as support from
sponsors like BankChampaign, provide
the funds needed to
make a BIG impact
on local kids.
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Presort Standard
U.S. Postage
PAID
Permit No. 746
Champaign, IL
P.O. Box 1490, Champaign, IL 61824-1490
One-stop home
loans!
Congratulations are in order
Peter Clausen
Peter Clausen was recently promoted to Vice
President. His responsibilities include commercial
loan origination, customer development,
underwriting and loan closings for borrowers, as
well as loan collection for repayment. Peter is a
member of Champaign West Rotary, the Finance
Committee of the Champaign Chamber of
Commerce and the Executive Board of the Boy
Scouts of America, Prairielands Council. He joined
the bank in January 2011.
Would you like a mortgage lender
who gets to know you and your
loan situation to help guide you
through the entire process? Then
BankChampaign is your mortgage
source! From the moment you
first meet with one of our lending
professionals, that individual will
be with you every step of the way
— helping you compare mortgage
options, answering questions about
your application and facilitating your
loan closing.
Mike Somers
Mike Somers has been promoted to Vice President.
His responsibilities include credit analysis for
the bank’s commercial and agricultural loan
portfolio. In addition, he is Credit Manager for
BGE Business Services, a division of the bank that
provides musical instrument financing for schools,
universities and music dealers throughout the
United States. He joined the bank in 2008.
Plus, our lenders live here, too, so
they understand the local real estate
market. Call 351-2870 or email one
of our professionals today.
Zachary McNabney
NMLS ID#441822
[email protected]
Kelly Schaefer
NMLS ID# 961199
[email protected]
6,340 pounds!
Heather Chapin
NMLS ID# 961206
[email protected]
That’s the amount of paper shredded in just
two hours at BankChampaign’s second annual
Shred Day on May 11, 2013. Stay tuned for
upcoming opportunities to safely dispose of
your important documents free of charge.
Main Bank 2101 South Neil • 217.351.2870
MarketPlace Facility 5 Convenience Center • 217.351.2876
M2 on Neil Facility 301 North Neil • 217.351.2877
This publication is designed to provide news and information. It does not constitute legal, accounting or other professional advice.
Appropriate legal or accounting advice or other expert assistance should always be sought.
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