Heritage Financial signs deal for Alsip.

TINLEY PARK, Ill. -- Heritage Financial Services Inc. said it has executed a definitive agreement to acquire Alsip (Ill.) Bank and Trust for $7.8 million in cash.

Heritage, which is moving to expand in southwest suburban Chicago, would surpass $800 million in assets by adding Alsip's $62 million. Heritage has nine banking offices in eight towns, as well as a trust subsidiary.

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