Muscatine-based CBI announces merger with SENB complete
CBI and SENB are now merged, effective Oct. 20.
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CBI and SENB are now merged, effective Oct. 20.
Recently Central Bancshares Inc. of Muscatine announced an agreement to acquire McLaughlin Holding Company and merge CBI Bank and Trust with Southeast National Bank (SENB).
The parent of the $1.1 billion-asset CBI Bank & Trust said it would buy McLaughlin Holding and its SENB Bank unit.
Central Bancshares, Inc. of Muscatine, parent company of CBI Bank & Trust, and McLaughlin Holding Company, parent company of SENB Bank, based in Moline, are merging. Central Bancshares will acquire McLaughlin Holding Company and merge SENB Bank into CBI Bank & Trust, the company said in a Friday news release. The transaction is subject to […]
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