Hinshaw & Culbertson LLP attorney Timothy M. Sullivan recently assisted Community Bank of Lemont, AmeriMark Financial Corp., Community Rio, Inc. and Midwest Banc Holdings, Inc. in acquisitions implicating an aggregate amount of hundreds of millions of dollars. Mr. Sullivan was assisted in the deals by Hinshaw attorneys Lisa Burman, Jim Harbert, Mike Morehead and Tom Luetkemeyer.
The deal involving Community Bank provides that the bank, with assets of around $80 million, will be integrated into Standard Bank, which is a subsidiary of Standard Bancshares and has 41 branch offices and about $2 billion in assets.
The AmeriMark transaction provides for AmeriMark to be acquired by Inland Bancorp Holding Company. The $46-million, all-cash deal represents $50 per share for AmeriMark’s stock.
The Community Rio, Inc. acquisition involves Community Rio entering into a definitive agreement to acquire 100% of the stock of The Greenwood’s Bancorporation, Inc., owner of the 123-year old The Greenwood’s State Bank.
In the last deal, Midwest Banc Holdings entered into a definitive agreement to acquire Northwest Suburban Bancorp., Inc., which has about $90 million in deposits.
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