Landmark Credit Union in Milwaukee has agreed to buy a branch in McHenry, Ill., from North Shore Bank.
The $7 billion-asset credit union said in a press release that it will also buy the deposits. The deal is expected to close in the second quarter. The price wasn’t disclosed.
The branch had $28.5 million in deposits in mid-2025, according to the Federal Deposit Insurance Corp.
“This acquisition allows us to deepen our commitment to the Illinois communities we already serve,” said Timothy Mackay, Landmark’s president and CEO, said in the release. “We’ve experienced strong indirect lending activity in this region. Adding a full-service branch, along with welcoming the talented team already serving local customers, helps us enhance the convenience and support we can offer our members.”
“This agreement allows us to focus on our Wisconsin markets while ensuring McHenry customers and associates continue to be well served,” Susan Doyle, the bank’s senior vice president of retail banking, added.
ALM First and Honigman advised the credit union. Hillworth Bank Partners and Reinhart Boerner Van Deuren advised the bank.