SCHAUMBURG, Ill. (August 6, 2013) – Ridgestone Bank is pleased to announce the addition of Stephen Barratt, Vice-President, Portfolio Manager/Team Leader to its Illinois office.  Barratt will support Ridgestone’s growth in SBA lending and provide diversified loan options to its customers in the Chicagoland market.


As part of Ridgestone’s management team, Barratt will lead customer service/portfolio managers while servicing the bank’s extensive commercial loan portfolio. These responsibilities include annual loan reviews, extensions and restructuring, site visits and collections.


Barratt has more than 35 years of extensive secured lending experience including structuring, approving, managing and marketing commercial loan accounts.  He is experienced in many types of transactions including SBA and USDA guaranteed loans, asset-based loans, acquisitions, leveraged buyouts and workout loans. 


Ridgestone Bank is a privately-held bank with locations in Schaumburg, Ill. and Brookfield, Wis. Founded in 1995, the bank is a leader in small business and government assisted lending nationwide and also provides retail banking services, including checking, money markets, CD’s, home equity loans and other convenience services at its branch locations.  Distinguished by the SBA as an “SBA Preferred Lender,” Ridgestone Bank is the 6th most prolific SBA lender in the nation and is the number one SBA lender in Illinois.  Ridgestone Bank is a leader in USDA lending in the United States and has been recognized as a valued partner by the USDA for its commitment to small businesses.  For more information, call 262-789-1011 or visit


# # #