Maranatha Baptist University is a private Baptist university in Watertown, Wisconsin. The institution was founded in 1968 as Maranatha Baptist Bible College by B. Myron Cedarholm. The college was named for the Aramaic phrase Maranatha, which means "Lo, He cometh". Cedarholm helped raise $150,000 to purchase the Watertown campus, now valued at $…Maranatha Baptist University is a private Baptist university in Watertown, Wisconsin. The institution was founded in 1968 as Maranatha Baptist Bible College by B. Myron Cedarholm. The college was named for the Aramaic phrase Maranatha, which means "Lo, He cometh". Cedarholm helped raise $150,000 to purchase the Watertown campus, now valued at $18 million, from the Brothers of the Holy Cross located in South Bend, Indiana. Maranatha Baptist Bible College opened just three months later, on September 10, 1968, with 173 students and 27 faculty members. Maranatha awarded degrees to the first graduating class, 13 students, on May 31, 1969.