First Community Financial Partners, Inc. and First Mazon Bancorp, Inc. Announce Signing of Definitive Agreement
The Barack Ferrazzano Financial Institutions Group, spearheaded by partners Dennis R. Wendte and Robert M. Fleetwood, with assistance from Emily N. Henkel, acted as legal advisor for First Mazon Bancorp, Inc. ("First Mazon"), in the signing of a definitive agreement for the merger of Mazon State Bank ("MSB"), First Mazon's wholly owned subsidiary, with First Community Financial Bank (the "FCF Bank"), the wholly owned subsidiary of First Community Financial Partners, Inc. ("First Community").
Under the terms of the agreement, First Community will pay $8.5 million to First Mazon for the assets of MSB. MSB has full service banking offices in Mazon, Braidwood and Diamond, Illinois. FCF Bank's existing markets are contiguous to the communities served by MSB. This merger enhances FCF Bank's position as the largest community bank in Will County and gives FCF Bank its first location in Grundy County.
The closing of the transaction is expected to occur during the third quarter of 2016. To read more about the merger click here.
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, with 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.