Central Bancshares in Muscatine, Iowa, has actually consented to purchase McLaughlin Holding Co. in Moline, Illinois. Central is the moms and dad of CBI Bank and Trust while McLaughlin is the moms and dad of SENB Bank. The offer is anticipated to close in the 3rd quarter.
M&A News is reported by Paul Davis and reprinted with authorization as an adjustment of the product from TheBankSlate.com.
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