Geneseo, IL – January 24, 2017 – Central Bank Illinois and The First National Bank and Trust Company of Rochelle announce that they have entered into a definitive agreement pursuant to which Central Bank Illinois will acquire all of the assets of The First National Bank and Trust Company of Rochelle, subject to regulatory and shareholder approval. Press_Release
Headquartered in Geneseo, IL, Central Bank, Inc. is the parent company of Central Bank Illinois, a commercial bank providing a complete line of banking and trust services to individuals and businesses through its banking offices in central Illinois. Central Bank Illinois operates full-service branch offices in Geneseo, Princeton, Fulton and Andover with limited purpose loan offices in Prophetstown and Peru, IL. Including this transaction, Central Bank has grown to approximately $850 million in bank assets, along with $230 Million in trust relationships since first opening in 1907. Once approved, this will be the fourth acquisition for Central Bank Illinois.
The proposed merger supports the strategic initiatives and strategies of Central Bank Illinois to expand its footprint in new markets supporting a strong foundation of community banking. Member FDIC.