The Bank Slate


Hometown Community in Ill. to buy Marine Bank

Hometown Community Bancorp in Morton, Ill., has agreed to buy Marine Bancorp in Springfield, Ill.

The parent of the $4.8 billion-asset Morton Community Bank said in a press release that it expects to buy the holding company for the $714 million-asset Marine Bank in the second quarter. The price wasn’t disclosed.

“We are looking forward to partnering with such a successful community bank, with talented and dedicated employees who will continue to serve their loyal customers,” Andy Honegger, Morton Community’s president and co-CEO, said in the release.

Piper Sandler and Barack Ferrazzano Kirschbaum & Nagelberg advised Marine.

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