M&A Deal Summary

St. Charles Bank & Trust Acquires Elgin State Bancorp

On September 30, 2011, St. Charles Bank & Trust acquired financial services company Elgin State Bancorp for 15M USD

Acquisition Highlights
  • This is St. Charles Bank & Trust’s 1st transaction in the Financial Services sector.
  • This is St. Charles Bank & Trust’s largest (disclosed) transaction.
  • This is St. Charles Bank & Trust’s 1st transaction in the United States.
  • This is St. Charles Bank & Trust’s 1st transaction in Illinois.

M&A Deal Summary
Date 2011-09-30
Target Elgin State Bancorp
Sector Financial Services
Buyer(s) St. Charles Bank & Trust
Deal Type Add-on Acquisition
Deal Value 15M USD
Advisor(s) Barack Ferrazzano Kirschbaum & Nagelberg (BKFN) (Legal)

Target

Elgin State Bancorp

Elgin, Illinois, United States
Elgin State Bancorp, Inc. is a financial services company.

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Buyer(S) 1

Buyer

St. Charles Bank & Trust

St. Charles, Illinois, United States
Category Company
Founded 1987
Sector Financial Services
DESCRIPTION

St. Charles Bank & Trust Co. is a commercial banking services company.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal