Quincy, IL – September 1, 2022 – First Bankers Trust Company, N.A. (the “Company”), a wholly-owned subsidiary of First Bankers Trustshares, Inc., announced the launch of MHC Funding – a division of the Company specializing in the financing of mobile home communities.
First Bankers Trust Company’s experience in this area and type of lending allows for efficient processes that will streamline the purchase and operation of quality mobile home communities.
With the primary focus initially on properties in Illinois, Iowa, Missouri, and Indiana, MHC Funding will expand its footprint over time by growing and developing a specialized team.
“This is an industry that has exciting growth potential.” says Allen Shafer, President and CEO of First Bankers Trust Company, N.A. “Our Company has years of experience financing in this area. We feel it is important to provide a specialized team with unique products and services to not only meet, but exceed the needs of these customers.”
The MHC Funding division of First Bankers Trust Company, N.A. is committed to providing expert underwriting and financing for the purchase and operation of mobile home communities and mobile home parks. MHC Funding is available as a resource for both property real estate agents as well as owners and operators of mobile home communities.
“This is an exciting development for our business and our customers,” says Nathan Frese, Vice President/Commercial Banker of MHC Funding. “We recognize that there is a need for specialized and focused resources to better serve this industry. Our focus is to provide value and an efficient process that will benefit all parties involved.”
About MHC Funding – A Division of First Bankers Trust Company, N.A.: MHC Funding, a division of First Bankers Trust Company, N.A., provides specialized underwriting and financing for the purchase and development of mobile home communities. With an expert team dedicated to this initiative, this division provides efficient lending processes to real estate agents as well as owners and operators of mobile home communities in Illinois, Iowa, Missouri and Indiana. For more information, visit www.MHCfunding.bank
About First Bankers Trust Company, N.A.:
Headquartered in Quincy, Ill., First Bankers Trust Company, N.A., a wholly-owned subsidiary of First Bankers Trustshares, Inc., is a community-oriented commercial bank offering a variety of financial services to meet the needs of the communities it serves, including personal banking, residential mortgage loans, consumer loans, small business loan and agricultural loans. The bank has branch locations in Quincy, Macomb, Mendon, Carthage, Rushville, and Springfield, Illinois as well as a Loan Production office in O’Fallon, Illinois. It is the largest bank in Adams County. For more information, visit https://www.firstbankers.com.