Advia Credit Union in Kalamazoo, Mich., has agreed to buy NorthSide Community Bank in Gurnee, Ill.
The $3 billion-asset Advia said in a press release that it expects to buy the $255 million NorthSide in the third quarter. The price wasn’t disclosed.
“NorthSide has a very talented team, and we are excited to have them join ours – growing stronger together,” Jeff Fielder, Advia’s president and CEO said in the release.
“Advia continues to grow stronger and is well positioned for serving members throughout our multi-state region,” Fielder added.
Barack Ferrazzano and Hillworth Bank Partners advised NorthSide. Honigman and Mercer Capital advised Advia.