The Village Bank has reached an agreement with The First National Bank of Waterloo for a merger. Pending approval of Federal Regulators and approval of the Village Bank shareholders, the transaction will close in the fourth quarter of 2022.
The First National Bank of Waterloo plans to keep all three branches of the Village Bank open, which include St. Libory, New Athens, and Marissa. Village Bank staff will continue employment, and have additional career opportunities through the merger.
First National Bank of Waterloo President and CEO Rick R. Parks and Village Bank President and CEO Kathy Cook announced the Agreement and Plan of a Merger last week. The financial terms of the transaction were not disclosed.
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