Announced
Financials
Tags
Public
holding company
Pending
Acquisition
Asset Managers and Custodians
United States
Friendly
Synopsis
First Midwest Bancorp, Inc., headquartered in Chicago, Illinois and the parent company of First Midwest Bank, today announced that it has entered into a definitive agreement to acquire Northern States Financial Corporation, the holding company for NorStates Bank, based in Waukegan, Illinois. The financial terms of the deal are undisclosed. NorStates Bank operates eight offices in Lake County, Illinois and has approximately $500 million in total assets, $400 million in deposits, of which 90% are core deposits, and $320 million in loans.
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