Amboy Bancorp to Buy Franklin Grove Bank in Illinois

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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.

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December 29
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Calumet Bancorp. to Buy Calumet Bancshares in Wisconsin

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December 29

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.

Jacob Passy

Reporter, SourceMedia

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