Midwest Bank & Andalusia Community Bank Announce Merger Agreement
The Barack Ferrazzano Financial Institutions Group acted as legal counsel to the $40 million in assets Andalusia Community Bank, in executing an agreement and plan of merger with Midwest Bank, a wholly-owned subsidiary of Western Illinois Bancshares, Inc.
Established in 1979, Andalusia Community Bank operates out of Andalusia and Moline IL., with deposit and loan relationships in the Quad Cities and surrounding areas.
The transaction will result in a consolidated bank operating under the brand Midwest Bank, total asset size upon completion of consolidation will be approximately $500 million.
Barack Ferrazzano’s team was led by John Freechack who was assisted by Emily Henkel.
To read more about the transaction, 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—in 2017 we were the #1 legal advisor in the U.S. by announced bank and thrift M&A transactions and 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 S&P Global Market Intelligence. 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 2018 report.
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