Welcome to
Bank of Herrin
Machine Tool Finance
Machine Tool Finance Specialists are ready to find the best product suited to you. As an 86-year-old private bank, we offer the best product for the customer which is a simple-interest note. Our quick decisioning and industry-leading customer service with a live person makes us the best partner for you!

Why Choose Bank of Herrin?

Fast Customer Service

Same Day Decisioning

Streamlined Approval Process

Dedicated to Your Success

Tailored Financing Solutions

What We Finance
Industries We Service:
- Aerospace
- Defense
- Automotive
- Oil & Gas
- Firearms
- Medical
- Appliance
- General Machining
- Tool & Die
- Custom Injection Molding
- And more!
Equipment Types:
- Machining Center
- Lathe
- Turning Center
- EDM Machine
- Injection Molding Machine
- Waterjet
- Laser Cutting Machine
- Press Brake
- Shear
- Grinder
- And more!
Types of Financing
We offer a true, simple-interest loan as compared to most of our competition that offers a lease or EFA (Equipment Finance Agreement). We like to say, “we offer a product that is good for the customer. The big banks offer a product that is good for the bank”. With our loan product, a direct BOH customer can pay off at any time with no penalty in most cases. Customers are also allowed to make additional principal payments at any time to save interest and pay off a loan ahead of schedule. Leases and EFAs are non-cancellable and therefore have fixed amortizations to lock in the profit to the bank. We treat our customers in such a way that they enjoy coming back in the future and do not have the attitude of maximizing profit on every piece of business.
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Download PDF ApplicationContact Us
102 Comfort Drive
Marion, IL 62959
Get Directions
Phone: 618-942-4200
Fax: 618-997-2599