First Waterloo to Buy Prairie Financial in Illinois

First Waterloo Bancshares in Waterloo, Ill., has agreed to buy Prairie Financial Bancorp in Stewardson, Ill.

The $389 million-asset First National did not disclose the financial terms of its purchase of the $55 million-asset Prairie. The deal is expected to close in the first quarter, according to the St. Louis Business Journal.

Prairie Financial has two branches, while First Waterloo has six branches.

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