Business Overview:
Great opportunity to acquire or invest for controlling interest in an independent community bank in Illinois. Total assets of approximately $128 million, total deposits of approximately $118 million, $84.5 million in loans, and over $6 million in annual revenue. Products and services offered include: demand, savings, and time deposits; and consumer, commercial, industrial, and real estate loans. The bank serves over 45,000 households with a projected 22 projected growth rate.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Highly visible, prime real estate location and includes state-of-the-art facilities and equipment.
Market Competition and Expansion:
The bank's market area is expected to experience continued significant population growth of 22%. As the economy recovers, the bank's asset quality will recover, and the banks earnings will grow.
Reason for Selling:
Need Re-capitalization
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is a distressed business or bankruptcy situation.