Banterra Aircraft Finance offers competitive aircraft loans to meet your aviation needs. With Banterra, we are not a bank that just wanted to add another service to our lending division. We are a bank with a team that is passionate about serving customer’s financial needs, with an aircraft financing team that has a passion for aircraft. Some of Banterra’s Aircraft Finance team have more than 35 years of aviation experience, and while some companies may have executives that own a plane, we have executives like our Aircraft Finance Manager with more than 35-years as a pilot and more than 30 years of experience in aircraft financing, and a Chief Credit Officer who has been flying since he was 17 years old. And that’s just part of your team.

We understand how much you want to own a plane, because we love flying as well. We can help you get there, whether it’s owning a plane for the first time, upgrading, or simply refinancing your current aircraft loan.

Team Members

David Madden, Aircraft Finance Manager David Madden | Aircraft Finance Manager, Banterra

David is Banterra’s aircraft financing expert, serving as Aircraft Finance Manager. With more than 30 years in the aircraft lending industry, David is an accomplished general aviation airman with over 7,500 incident free hours. He is a current, 37+ 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.

Jeff May, President & CEOJeff May | President & CEO, Banterra Bank

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 as Executive Vice President and was promoted to President in 2013. During this time, the bank’s assets grew more than $400 million dollars to current assets of $1.3 billion. Under his leadership, he established three new banking markets, four specialty lending divisions including aircraft financing, and acquired a bank with four branches. He came to Banterra with more than twenty years of experience with FDIC. His financial expertise is difficult to beat, and he ensures that Banterra has a team of experts to provide various banking needs including aircraft financing.

Steve Burroughs, Chief Credit OfficerSteve Burroughs | Chief Credit Officer, Banterra Bank

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 23 years. Steve has more than 35 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, Senior Specialized Lending OfficerBradley L. Cagle | Senior Specialized Lending Officer, Banterra Bank

Brad has served as Banterra’s Senior Specialized Lending Officer for the past three years, and his division covers multiple areas of specialized lending across the U.S., including aircraft financing. His financial background includes eleven years of banking experience and nearly twenty 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 ten years as a partner/shareholder of a local CPA practice.