The Bank Slate


Providence Bank to acquire Leaders Bank in Illinois

Providence Bank & Trust in South Holland, Ill., has agreed to but Leaders Bank in Oak Brook, Ill. 

The $1.3 billion-asset Providence did not disclose the price it will pay for the $359 million-asset Leaders.

The acquisition “reflects our ongoing commitment to providing personalized banking services and products at the community level,” Steve Van Drunen, Providence’s president and CEO, said in the release.

“We’re confident that customers will have a positive banking experience, as we carry on the high level of service that they have grown accustomed to,” Van Drunen added. 

Providence, founded in 2004, has a business plan where a tenth of its profits are donated to local civic, nonprofit and Christian organizations.

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