North Shore Bank Completes Acquisition of Illinois State Bank
BROOKFIELD, Wis -- North Shore Bank today announced that, effective at the close of business November 30, 2005, it completed its acquisition of Illinois State Bank, a state-chartered commercial bank based in Lake in the Hills, Illinois. North Shore Bank is a federally chartered mutual savings bank based in Brookfield, Wisconsin.
As a result of the acquisition, North Shore Bank now has assets of $1.9 billion and 43 branches throughout Eastern Wisconsin and Northern Illinois. In addition to the new Illinois State Bank locations, located in Lake in the Hills and McHenry, Illinois, North Shore Bank has branch offices in metro Milwaukee and the Racine and Kenosha areas, as well as the Green Bay area, Appleton, Menasha, Burlington, Union Grove, Algoma, Two Rivers and Door County. North Shore Bank also has mortgage production offices in Madison, Wisconsin and Tampa, Florida.
The Illinois State Bank name will be retained and the bank will be operated as a division of North Shore Bank. Illinois State Bank will continue to provide a high level of personalized customer service with a wider variety of financial products.
In commenting on the acquisition, James F. McKenna, President and CEO of North Shore Bank, said, "This will benefit our customers and employees. We look forward to serving the needs of businesses and individuals in the growing markets of northern Illinois. I am pleased to welcome Chester Ward as the President of our Illinois Division and the dedicated employees of Illinois State Bank who serve their customers so well and who have provided a foundation for us to build upon."
 
|
Still have questions? We can help.
- E-mail us.
- Call us at 877.672.2265.
(8:30 a.m. until 7:00 p.m. CST, Monday through Friday, 9:00 am until 5:00 pm CST, Saturdays, & 10:00 am until 3:00pm CST, Sundays, excluding bank holidays)
- Stop by your neighborhood branch.
|
