About Banterra Aircraft Finance

Steve Burroughs

Steve, Banterra’s Chief Credit Officer and a 30-year banker, has known aviation all of his adult life. He obtained his private certificate at age 18 and served on the Southern Illinois Airport Authority board for 25 years. Steve has more than 37 years of experience in flying and is currently an instrument-rated, private pilot and utilizes his own aircraft extensively for business and pleasure.

Bradley L. Cagle

Brad has served as Banterra’s Senior Specialized Lending Officer for the past five years, and his division covers multiple areas of specialized lending across the U.S., including aircraft financing. His financial background includes thirteen years of banking experience and nearly 22 years as a Certified Public Accountant. Prior to joining Banterra, Brad worked eight years with U.S. Bank as a Credit Analyst and Commercial Loan Officer and twelve years as a partner/shareholder of a local CPA practice.

Debbie Frawley

Debbie joined Banterra in 2016, taking the role of Aircraft Finance Coordinator.  She has been in the aviation field for over 17 years, having previously worked at Sun ‘n Fun Fly-In, the second largest aviation expo in the United States. Ms. Frawley has extensive experience in all phases of the aircraft financing documentation and closing process.  She is also extremely knowledgeable with escrow and title activities.  Prior to working in the aviation industry, she was in the banking and venture capital arenas for many years.  Debbie is a graduate of Bradford Business School in Pittsburgh, PA.

Colby Kell

Colby earned an Associate’s Degree in Business from Rend Lake College and has been in the banking industry for 8 years, including customer service and lending support roles. His prior experience in lending and customer service has given him a history of ensuring his customers’ needs are always top priority. Mr. Kell directly assists customers with loan payoffs, along with assisting Banterra’s Aircraft Finance department with internal bookings of contracts and ensuring proper loan documentation is received and archived.

Jason Knight

Jason started his banking career with Banterra during high school in Southern Illinois, then joined a bank in Scottsdale while attending college in Arizona. After college, Jason and his brother seized an opportunity to acquire a failing Illinois manufacturing company in the marine industry and are now in their 32nd year of operation. In 2004, Jason joined Banterra Bank’s Board of Directors, and in 2013, he agreed to leave the day-to-day management of the manufacturing company to his brother and join Banterra full time to aid in expanding their RV financing department into the consumer marine finance space. Jason currently serves as the Director of Specialized Lending, which includes Aircraft Finance, Machine Tool Finance, Small Business Administration (SBA) Lending, RV & Marine Lending and Transportation Lending. With years of experience in both finance and manufacturing, plus extensive US travels, Jason provides a unique knowledge of what businesses need to be successful.    

Mitch Loiselle

Mitch is Banterra’s Aviation Relationship Manager, serving as an Aircraft Loan Specialist. With more than 28 years in specialty lending and 16 years devoted exclusively to aircraft, Mitch is a well-known highly seasoned professional in the industry. Mr. Loiselle is a Commercial Pilot with a Lighter-Than-Air, Balloon Rating and initially soloed in 1976 in a fixed wing aircraft. Mitch has owned lighter-than-air aircraft since 1999 and regularly participates in Balloon festivals in the US and Canada. Prior to working in aircraft finance, Mitch was heavily involved in all facets of specialty lending as a Sales, Finance & Insurance Manager.

David Madden

David is Banterra’s aircraft financing expert, serving as Aircraft Finance Manager. With more than 34 years in the aircraft lending industry, David is an accomplished general aviation airman with over 7,500 incident free hours. He is a current, 41 years experienced, Gold Seal Multi/Single/Sea Flight and Ground Instructor, Multi & Single Engine Airline Transport Pilot, and former FAA Designated Pilot Examiner and Accident Prevention Counselor. David has been an aircraft owner since 1983 and currently flies a Cessna C-172 for business and pleasure. David attended the Spartan School of Aeronautics for pilot training and holds a Bachelor of Science degree in Aviation Science from Bridgewater State College and a Master of Science degree in Applied Management for Business from Lesley College.

Jeanne Madden

Jeanne has served as Banterra’s Aircraft Finance Specialist since 2016 and has been in the aviation lending business since 2004.

She is an avid aviation enthusiast who shares the passion for this particular community, having the opportunity to experience the thrill of flight in a blimp, fixed wing, helicopter, glider and balloon.  Jeanne had logged hours flying a Cessna C-150 and C-172 Skyhawk aircraft and lighter-than air balloon.  Jeanne received her Master of Science in Education from SUNY/Oneonta. As a former educator, she is dedicated to educating our customers about the aircraft financing process and ensuring that the loan process is a smooth and enjoyable process from beginning to end and throughout the life of the loan.

Jeff May

As President & CEO of Banterra Bank, Jeff May is responsible for all aspects of the holding company and bank’s functions. Jeff joined Banterra in 2002 and was promoted to President & CEO in 2013. Since joining the bank, Banterra has grown assets from $400 million to almost $3 billion. Under his leadership, he established new banking markets including Southeast Missouri, St. Louis, Indiana, Salt Lake City and Arizona areas including Scottsdale, Tempe and Sun City West.  He also started four specialty lending divisions and acquired a bank with four branches. He came to Banterra with more than twenty years of experience with the FDIC. His financial expertise is difficult to beat, and he ensures that Banterra has a team of experts to provide various banking needs and the latest in innovation for our customers.