Bradford Bancorp in Greenville, Ill., has agreed to buy St. Jacob Bancshares in St. Jacob, Ill.
The $633 million-asset Bradford said in a press release that it expects to buy the $92 million-asset St. Jacob by early 2026. The price wasn’t disclosed.
“Both organizations have demonstrated great success by providing outstanding customer service and building strong relationships with the communities they serve,” Michael Ennan, Bradford’s president and CEO, said in the release. Bradford is not a stranger to St. Jacob, having supported numerous events and activities over the past 25 years.”
Performance Trust Capital Partners and Dickinson Wright advised Bradford. Forvis Mazars and Polsinelli advised St. Jacob.