Heartland Takes over Elizabeth State Bank

Posted on Tuesday, July 7th, 2009 at 2:12 am    

Heartland Financial USA of Dubuque has acquired a failed Illinois bank. Elizabeth State Bank was acquired in a loss share transaction which the Federal Deposit Insurance Corp facilitated.

All former Elizabeth State Bank branches have reopened as Galena State Bank branches, a subsidiary of Heartland Financial. Galena has agreed to purchase about $52.3 million in assets as part of the acquisition.

If you are trying to acquire another business, contact the Des Moines business attorneys of LaMarca Law Group, P.C., PC at (877) 327-2600.


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