After years of flirting Central Illinois Financial Co. and BankIllinois Financial Co. are finally tying the knot.

"It was a marriage whose time had come," said Gregory B. Lykins, chairman and chief executive of BankIllinois, who will be chairman and chief executive of the new holding company and merged bank.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.