First Waterloo Bancshares in Waterloo, Ill., has agreed to buy Village Bancshares in St. Libory, Ill.
The $803 million-asset First Waterloo said in a press release that it plans to complete the purchase of the $116 million-asset Village in the fourth quarter. It did not disclose the price it will pay.
“We also believe that [Village] customers will benefit greatly from the expanded products and resources [we are] able to bring to the table,” Parks added.
First Waterloo has 13 branches, while Village has three locations.
Bryan Cave Leighton Paisner advised First Waterloo. Armstrong Teasdale advised Village.