HomeStar Financial Group - Ownership and Business Overview

Financial ServicesCompany

HomeStar Financial Group Ownership

Who owns HomeStar Financial Group?

HomeStar Financial Group is owned by Midland States Bancorp.. It was acquired on April 2, 2019.

HomeStar Financial Group Business Overview

Where is HomeStar Financial Group headquartered?

HomeStar Financial Group is headquartered in Gainesville, Georgia.

What sector is HomeStar Financial Group in?

HomeStar Financial Group is a financial services company.

Financial Services M&A Summary in 2019

Out of 60 sectors in the Mergr database, financial services ranked 10 in number of deals in 2019. The largest financial services acquisition in 2019 was Worldpay - which was acquired by Fidelity National Information Services for $43.0B.

Join Mergr to view all 209 acquisitions of financial services companies in 2019, including 21 acquisitions by private equity firms, and 188 by strategics.

HomeStar Financial Group, Inc.

332 Washington Street NW,
Gainesville, Georgia 30501
United States,
(770) 503-0380
www.homestarfc.com

HomeStar Financial Group, Inc. is a full-service community bank headquartered in Manteno, Illinois, with approximately $375 million of assets, $223 million in loans and $333 million in deposits as of December 31, 2018. Serving its communities for over 70 years, HomeStar Bank has 5 locations in northern Illinois and has the #1 deposit market share in the Kankakee, IL metropolitan statistical area (MSA). For the quarter ended December 31, 2018, HomeStar had a cost of deposits of 0.20%, an average loan yield of 5.13%, and a net interest margin of 3.88%.


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