ORION, Illinois – Orion Bancorporation, Inc., the parent company of BankORION and Bridge Community Bank, reported a record 2025 performance at the company’s 135th annual shareholders meeting.
The meeting, held Monday, March 16, at Bally’s Quad Cities Casino & Hotel in Rock Island,
included a business update by President and CEO Matthew P. Bollinger, as well as the re-election of three of its board members.
According to a news release Wednesday, April 8, Mr. Bollinger announced the company ended 2025 with total combined assets of $825 million for BankORION and Bridge Community Bank. Total stockholders’ equity ended the year at $64.4 million. In addition, total loans and total deposits ended the year, respectively, at $540 million and $687 million.
Mr. Bollinger reviewed progress across several key areas including the record financial performance for 2025, strategic initiatives, the wealth management division, InvestORION, a new Aledo branch and the acquisition of Bridge Community Bank in eastern Iowa.
“We are very excited with the opportunities that Bridge Community Bank provides us for future growth,” he said at the meeting. “Both BankORION and Bridge Community Bank are very like-minded institutions with brand philosophies that prioritize the financial well-being for customers, employees, shareholders and the communities we serve.”
Orion Bancorp. First announced plans in January 2025 to acquire Mechanicsville Bancshares, Inc., the parent company of Bridge Community Bank. That bank has locations in Mechanicsville, Mount Vernon and Solon, which are located in Cedar, Linn and Johnson counties. The transaction united the two community banks, which have a combined 257 years of serving customers in two states and six counties.
The transaction closed in late July. No financial details were disclosed.
Two bank brands
“It is our intention to operate Bridge Community Bank and BankORION as two separate banks under Orion Bancorporation, Inc.’s holding company for the foreseeable future,” Mr. Bollinger told shareholders last month.
In other action at the meeting, shareholders re-elected Timothy J. Fritz, DeAnne C. Bloomberg and Gerald D. Johnson, to the board of directors for three-year terms. In addition to Mr. Bollinger, the board also includes Alan F. Wright, Douglas R. Nelson, Kevin P. Koellner, Mark B. Werning, and David L. Steen.
The company’s board of directors also announced these promotions: Mike Ducey, vice president and head of residential lending; Mark Robbins, vice president, InvestORION; Lisa DeWitt, assistant vice president – loan administration; Adam Miller, officer and controller; Kim Van Duyne, human resource officer; Jayne Roselle, loan operations officer; and Alec Vinavich, senior credit analyst.
Founded in 1890, BankORION is the oldest bank headquartered in the Quad Cities metro area. It operates seven full-service branches in western Illinois: Orion, Cambridge, Moline, Aledo and Annawan; as well as an Iowa Quad Cities branch in Bettendorf.
