CHICAGO - Just one week after unveiling their first out-of-state acquisition, Firstbank of Illinois Co. officials said they were hungry for more banks in the St. Louis area.

With $1.5 billion in assets, Firstbank is already the largest banking company in downstate Illinois. Its purchase of $170 million-asset Colonial Bancshares will give it a toehold in the growing Missouri suburbs west of St. Louis.

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.