Midwest Bank’s $7.9 Million Acquisition of Andalusia Community Bank


Barack Ferrazzano acted as legal counsel to the $7.9 million Andalusia Community Bank, in executing an agreement and plan of merger with Midwest Bank, a wholly-owned subsidiary of Western Illinois Bancshares, Inc.

Established in 1979, Andalusia Community Bank operates out of Andalusia and Moline IL., with deposit and loan relationships in the Quad Cities and surrounding areas.

The transaction will result in a consolidated bank operating under the brand Midwest Bank, total asset size upon completion of consolidation will be approximately $500 million.

Barack Ferrazzano’s team was led by John Freechack (Picture) who was assisted by Emily Henkel.

Involved fees earner: John Freechack – Barack Ferrazzano; Emily Henkel – Barack Ferrazzano;

Law Firms: Barack Ferrazzano;

Clients: Western Illinois Bancshares Inc.;

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Author: Ambrogio Visconti