Allendale Bancorp Inc. to Acquire First State Bank of West Salem
The Barack Ferrazzano Financial Institutions Group acted as legal counsel for Allendale Bancorp. Inc., the holding company for First National Bank of Allendale, in the proposed acquisition of West Salem, Illinois based First State Bank of West Salem, which was announced on December 1, 2015. The acquisition is expected to be completed in the second quarter of 2016. Barack Ferrazzano's legal team was led by John E. Freechack, along with Emily N. Henkel. Executive compensation and benefits issues were handled by Andrew K. Strimaitis and K.C. Klagos.
Barack Ferrazzano acted as legal advisor to Allendale Bancorp in this transaction. This transaction represents Barack Ferrazzano’s 10th whole bank and thrift M&A transaction this year. Since January 1, 2013, Barack Ferrazzano has acted as legal advisor on 30 whole bank and thrift M&A transactions in the Midwest, more than any other legal advisor during that time period.
Source: SNL Financial
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 2016 report.