The BFKN Financial Institutions Group served as legal counsel to Murphy-Wall State Bank and Trust Company ("Murphy-Wall"), in its definitive merger agreement with Oakdale State Bank, whereby Murphy-Wall will acquire Oakdale State Bank through a merger transaction. The strategic merger marks a significant milestone in Murphy-Wall’s ongoing commitment to provide quality banking services to the communities which it serves.

Established in 1874, Murphy-Wall State Bank and Trust Company is a community bank with approximately $179.3 million in assets as of March 31, 2024. It operates through five branches located in Pinckneyville, Murphysboro, Elkville, Carterville, and Marion, Illinois. As the banking subsidiary of Murphy-Wall Bancorp, Inc., Murphy-Wall has evolved with the communities it serves. Today, it stands as one of Southern Illinois’ foremost regional banks, dedicated to providing banking services with tradition, leadership, and commitment.

Matthew Bigham, Chairman of Murphy-Wall Bancorp, Inc. and Murphy-Wall State Bank and Trust Company, stated, “We are excited about the addition of Oakdale State Bank, which has been a fixture of the community since 1920. Murphy-Wall looks forward to this opportunity to serve a new market and is committed to ensuring a seamless transition for the Oakdale State Bank staff and customers. Over the last 150 years, Murphy-Wall has established a tradition of investing in our communities and building strong customer relationships by providing personalized service with integrity and respect. Murphy-Wall is delighted to be providing that same level of care and commitment to the Oakdale State Bank customers while also offering new products and services tailored to meet their needs.”

BFKN’s legal team was led by partner Abdul R. Mitha and associate Camryn C. Dreyer. Executive compensation & benefits were handled by partner Michael J. Poland and associate Alex Freund.

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