The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

Two Illinois banks complete private placements

A pair of Illinois banks recently raised capital through private placements of common stock.

The $385 million-asset Merchants and Manufacturers in Joliet brought in $3 million on Dec. 1, based on data compiled by Performance Trust Capital Partners.

First Waterloo Bancshares, the parent of the $823 million-asset First National Bank of Waterloo, raised $6.2 million, based on the same data. The company recently acquired Village Bank.

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