Old Second in Illinois buying rival West Suburban for $297 million
Read the latest on the banking & finance industries in the U.S. with award-winning analysis and in-depth reporting by American Banker.
Stay updated with breaking news from James Eccher. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Read the latest on the banking & finance industries in the U.S. with award-winning analysis and in-depth reporting by American Banker.
Old Second National Bank and West Suburban Bank plan to merge Aurora-based Old Second Bancorp Inc., parent company of Old Second National Bank, plans to merge with Lombard-based West Suburban Bancorp Inc. in a cash-and-stock deal valued at $297 million. DAILY HERALD FILE PHOTO Old Second National Bank and West Suburban Bank announced plans Monday to merge. Aurora-based Old Second Bancorp Inc. is to acquire Lombard-based West Suburban Bancorp Inc. in a cash-and-stock deal valued at $297 million. The board of directors of both parent companies unanimously agreed to the merger a...
Water samples in Colorado City show ‘high levels’ of cloudiness COLORADO CITY, Colo. (KRDO) -- The Colorado City Metro District announced Monday that recent water samples had "high levels of turbidity" and that "there is an increased chance that the water may contain disease-causing organisms." In a Facebook post on Monday, the city's metro district said its water samples were at 1.0016 turbidity units on Dec. 29 and 30. Colorado allows a maximum level for a single measurement of water to be 0.5 turbidity units. Shortly after the first post, however, officials said they had resolved the...