Announced
Financials
Tags
online banking
United States
Domestic
Banks
Acquisition
banking
commercial mortgage lending
Single Bidder
Friendly
Pending
Majority
Private
Synopsis
Credit Union 1, the official Credit Union of Notrhern Dame Athletics, agreed to acquire Northside Community Bank, a bank in the state of Illinois, from AliKat Investments, a bank holding company. Financial terms were not disclosed. “We chose to partner with Credit Union 1 because its culture, leadership and lending culture all align very closely with ours. With the size and scale Credit Union 1 adds it not only strengthens our ability to serve our existing customers in the manner that they have come to expect but also allows us to increase the number of businesses that we can help grow across the new combined partnership. We are excited to be a part of that promising future,” Patti Clausen, NorthSide President & CEO.
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