First Midwest Bancorp, Inc. to Acquire NI Bancshares Corp.
The Barack Ferrazzano Financial Institutions Group acted as legal counsel for Sycamore, Illinois based NI Bancshares Corp. (OTC PINK: NIBA), the holding company for The National Bank & Trust Company of Sycamore, in the proposed sale to Itasca, Illinois based First Midwest Bancorp, Inc. (NASDAQ: FMBI), which was announced on November 12, 2015. The National Bank & Trust Company of Sycamore operates ten offices spread through DeKalb, Kane and LaSalle Counties in Illinois. The transaction, which provides for consideration of a combination of First Midwest cash and stock, has an overall transaction value of approximately $70 million and is expected to be completed in the first quarter of 2016. Barack Ferrazzano's legal team was led by John E. Freechack, along with Robert M. Fleetwood and Katherine Fritzi Getz. Executive compensation and benefits issues were handled by Barack Ferrazzano's Donald L. Norman, Jr. and K.C. Klagos.
Barack Ferrazzano Financial Institutions Group
Our 30-attorney Group has represented more than 250 financial institutions across the country. Our M&A experience is unparalleled-over the past decade, our Group ranked #1 in the Midwest region by number of announced bank and thrift merger and acquisition transactions, according to SNL Financial.