An unknown local depository institution agreed to acquire Retail Deposits of the Bank’s Danville, Illinois, Branch from CIB Marine Bancshares, Inc. (OTCPK:CIBH) on February 16, 2023. The balances are subject to change prior to the closing. The transaction requires regulatory approvals and is not expected to close until the second quarter of 2023.

Whitley A. Cummings of Cummings & Company, LLC acted as financial advisor, and Godfrey & Kahn served as legal counsel to CIBM Bank in connection with this transaction.