Amboy Bancorp in Amboy, Ill., has agreed to buy Franklin Grove Bank in Franklin Grove, Ill.
Amboy, the parent of the $171 million-asset First National Bank of Amboy, said in a press release Wednesday that it expects to complete its purchase of the $29 million-asset Franklin Grove in the second quarter. The price was not disclosed.
Gerrish McCreary Smith advised Amboy. Wipfli and Howard & Howard Attorneys advised Franklin Grove Bank.