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First Federal and Bay View are combining similar sized institutions that have complementary infrastructure, earnings and products. Though small, the deal could serve as a model for mutuals interested in keeping their charter and culture.
April 1 -
Wintrust Financial (WTFC) in Rosemont, Ill., recorded higher fourth-quarter earnings because of an increase in net interest income and a lower loan-loss provision.
January 21 -
Triumph Bancorp in Dallas was on the hunt for a cheaper and more stable deposit base and found it in National Bancshares, an Iowa company that needed common equity.
April 25
Wintrust Financial (WTFC) in Rosemont, Ill., has agreed to buy the Pewaukee, Wis., branch of The National Bank.
Wintrust's Town Bank will receive $40 million in deposits and $90 billion in loans, the company said in a press release Monday. Additional financial terms of the transaction were not disclosed. The deal is expected to close in the third quarter.
The National Bank, based in Moline, Ill., will exit Wisconsin by selling the branch. The $880 million-asset bank is a unit of Triumph Holding in Dallas. The bank has 21 branches in Illinois and four in Iowa.
The $917 million-asset Town Bank, based in Hartland, Wis., has seven branches in Wisconsin.
