Bank of Pontiac and CBI Bank & Trust to Acquire Branches of Farmers-Merchants Bank of Illinois
CARMEL, Ind. , Sept. 7, 2023 /PRwire/ -- Merchants Bancorp (Nasdaq: MBIN)("Merchants"), a registered bank holding company and the parent company of...
CARMEL, Ind. , Sept. 7, 2023 /PRwire/ -- Merchants Bancorp (Nasdaq: MBIN)("Merchants"), a registered bank holding company and the parent company of Merchants Bank of Indiana and Farmers-Merchants Bank of Illinois ("Farmers-Merchants"), announced today that Farmers-Merchants has entered into an agreement with Bank of Pontiac , headquartered in Pontiac, Illinois , for Bank of Pontiac to acquire Farmers-Merchants' branch locations in Paxton , Melvin , and Piper City, Illinois , and into an agreement with CBI Bank & Trust, headquartered in Muscatine, Iowa , for CBI Bank & Trust to acquire Farmers-Merchants' branch located in Joy, Illinois .