Bank of Pontiac And CBI Bank & Trust To Acquire Branches Of Farmers-Merchants Bank Of Illinois; Terms Not Being Disclosed
Portfolio Pulse from Benzinga Newsdesk
Bank of Pontiac and CBI Bank & Trust are set to acquire branches of Farmers-Merchants Bank of Illinois. Bank of Pontiac will acquire approximately $157 million in deposits and $22 million in loans, while CBI Bank & Trust will acquire approximately $62 million in deposits and $27 million in loans. The terms of the deal have not been disclosed.
September 07, 2023 | 8:17 pm
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The acquisition of branches and assets from Farmers-Merchants Bank of Illinois by Bank of Pontiac and CBI Bank & Trust could potentially impact MBIN, if it is related to these entities.
The news mentions an acquisition involving Bank of Pontiac and CBI Bank & Trust, but does not directly mention MBIN. If MBIN is related to these entities, it could potentially be impacted by this acquisition. However, without further information, it's difficult to determine the exact impact.
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