Bank
Acquisitions Everywhere!
There has been a rash of bank
acquisitions lately in the Western and Mid-Western United States.
Following are details of a few:
Ohio
Fifth Third Bancorp will
acquire CitiFed Bancorp, Inc. of Dayton, Ohio. The acquisition will
make Fifth Third's subsidiary, Fifth Third Bank of Western Ohio, the
leading bank in the Dayton market.
Illinois
Old National Bancorp will
acquire Edgar County Bank & Trust Company, subject to regulatory
approval. Upon completion of the merger with Edgar County, Old
National will have more than $5.8 billion in assets.
Colorado
Community First Bankshares,
Inc., announced execution of an agreement to acquire FNB, Inc., a
bank holding company that owns First National Bank of Greeley and
Poudre Valley Bank in Fort Collins, Colorado.
The acquisition is anticipated
to close late in the first quarter of 1998 and the banks will both be
known as Community First National Bank.
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