ST. LOUIS - First Banks Inc. said it has reached a definitive agreement to acquire Heritage National Bank of Shrewsbury, Mo. Terms were not disclosed.
Heritage National, with $60 million of assets and two banking offices in St. Louis County, will merge with First Banks' commercial bank subsidiary in Missouri. First Banks said the merger is expected to close in the second quarter.
First Banks, with $2 billion of assets, is also in the process of acquiring First Federal Savings Bank of Chicago.
Also, earlier this week First Banks announced a definitive agreement to buy Farmers Bancshares of Valmeyer, Mo., and its subsidiary banks there and in Breese, Mo.. Their assets total $60 million.