WASHINGTON -- The Federal Reserve Board this week gave CNB Bancshares of Evansville, Ill., permission to acquire King City Federal Savings Bank of Mount Vernon, Ill., and to engage in securities and investment work through a King City subsidiary.

The acquisition would bring CNB's deposit total to $285 million.

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.