April 23, 2015

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Citizens National Bank of Albion has completed its acquisition of The Bank of Lawrence County on April 17, 2014. Founded in 1998, The Bank of Lawrence County operated two branches in Bridgeport and Lawrenceville, Illinois. The terms of the merger agreement, which was signed on October 31, 2014, adds the Bank of Lawrence County's two branches to Citizen's existing banking centers located in Albion, Crossville, Mt. Erie and Olney. The Bank of Lawrence County was acquired for a purchase price of approximately $5.5 million. Barack Ferrazzano's legal team was led by John E. Freechack and Robert M. Fleetwood, along with Emily N. Henkel.

Citizens National Bank of Albion is a locally owned community bank located in southern Illinois with headquarters in Albion.

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. The Financial Institutions Group was again named as one of the top financial institution groups in the nation in the U.S. News & Best Lawyers 2015 report.

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