North Shore Bank of Brookfield, Wis., announced Thursday it had agreed to buy Illinois State Bank of Lake in the Hills.
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Acquiring the $138 million-asset Illinois State would take the $1.8 billion-asset North Shore into Illinois for the first time. North Shore has 41 branches in eastern Wisconsin.
Illinois State Bank was founded in 1996 and has two branches, one in Lake in the Hills and the other in McHenry, Ill. Its name and all of its employees would be retained under the deal with North Shore.
The price was not disclosed.
