Amboy Bancorp to Buy Franklin Grove Bank in Illinois

M&A

CNB Financial to Buy Lake National Bank in Ohio

CNB Financial in Clearfield, Pa., has agreed to buy Lake National Bank in Mentor, Ohio.

By Paul Davis

December 30
M&A

NYCB Completes Balance Sheet Repositioning

New York Community Bancorp in Westbury has finished the balance sheet repositioning it previewed as part of its agreement to buy Astoria Financial in Lake Success, N.Y.

By Jacob Passy

December 29
M&A

Calumet Bancorp. to Buy Calumet Bancshares in Wisconsin

Calumet Bancorp. in Chilton, Wis., has agreed to buy Calumet Bancshares in Brillion, Wis.

By Paul Davis

December 29

Amboy Bancorp in Amboy, Ill., has agreed to buy Franklin Grove Bank in Franklin Grove, Ill.

Processing Content

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.

Jacob Passy

Reporter, SourceMedia

MORE FROM AMERICAN BANKER

Federal Reserve

Fed Gov. Miran says goods inflation may remain elevated

Federal Reserve Gov. Stephen Miran said higher goods prices could be the trade-off for bolstering national security and addressing geo-economic risks.

By Maria Volkova

1h ago
Commercial banking

City National joins crowded field of banks in the Carolinas

The Los Angeles-based subsidiary of Royal Bank of Canada is elbowing into fast-growing North Carolina and South Carolina with a strategy focused on middle market banking.

By Kevin Wack

2h ago
M&A

No downside to nixing Comerica deal, says activist investor

HoldCo Asset Management says that shareholders should reject Fifth Third's proposed acquisition of Comerica during a Jan. 6 vote due to what it calls an "unacceptable" negotiation process and the possible upside from another deal.

By Catherine Leffert

7h ago
Cyber security

Deutsche Bank, ING among targets of phishing kit for novices

Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.

By Carter Pape

December 12
Consumer banking

Young bank customers are more satisfied than seniors: Survey

Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.

By Catherine Leffert

December 12
Artificial intelligence

Trump executive order seeks to gut state AI laws

In a move some industry observers call "dangerous and irresponsible," the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.

By Penny Crosman

December 12

	About null
twitter	jepassy
linkedin	jacobpassy