First Bancorp of Taylorville, Inc. Acquires Mackinaw Valley Financial Services, Inc.
April 23, 2021
First Bancorp of Taylorville, Inc., parent of First National Bank in Taylorville, has entered into an agreement to acquire Mackinaw Valley Financial Services, Inc., the parent company of First Security Bank. The transaction expands First National Bank in Taylorville's branch footprint into Tazewell and McLean counties (adding offices in Mackinaw, Danvers and Deer Creek) and increases combined assets to approximately $310 million; closing is expected in the second half of 2021 subject to shareholder and regulatory approvals.
- Buyers
- First Bancorp of Taylorville, Inc.
- Targets
- Mackinaw Valley Financial Services, Inc., First Security Bank
- Industry
- Financial Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
First Financial Bancorp Acquires BankFinancial Corporation
January 1, 2026
Financial Services
First Financial Bancorp completed its all-stock acquisition of Chicago-based BankFinancial Corporation, adding 18 retail financial centers and expanding First Financial’s presence in the Chicago market. The acquisition brings BankFinancial’s commercial lending, equipment finance and deposit franchise onto First Financial’s platform and increases the combined company’s assets to approximately $22 billion.
-
Nicolet Bankshares Acquires Mackinac Financial Corporation (mBank)
April 12, 2021
Financial Services
Nicolet Bankshares, Inc. agreed to acquire Mackinac Financial Corporation and its wholly owned subsidiary mBank in a transaction valued at approximately $248 million. The deal, consisting of roughly 80% stock and 20% cash, expands Nicolet's community banking footprint into Northern Michigan and is expected to close in Q3 2021 subject to regulatory and shareholder approvals.
-
Bank First Corporation Acquires Centre 1 Bancorp (First National Bank and Trust)
January 2, 2026
Financial Services
Bank First Corporation (Nasdaq: BFC) has completed its acquisition of Centre 1 Bancorp, Inc., the parent company of The First National Bank and Trust Company. The deal brings First National’s trust and wealth management capabilities into Bank First, expands the combined footprint to 38 branches across Wisconsin and the Stateline area of Illinois, and creates a combined organization with approximately $6 billion in assets.
-
The First Bancshares Acquires Beach Bancorp, Inc.
April 26, 2022
Financial Services
The First Bancshares, Inc. (The First) entered into and completed a definitive agreement to acquire Beach Bancorp, Inc., the parent of Beach Bank, in an all‑stock transaction valued at approximately $116.7 million based on First Bancshares’ April 25, 2022 closing price. Beach Bank — which operates seven branches across the Florida panhandle and Tampa markets — was merged into The First Bank, expanding The First’s footprint in Northwest Florida and providing an entry into the Tampa market.
-
Northwest Bancshares Completes Acquisition of MutualFirst Financial (MutualBank)
April 24, 2020
Financial Services
On April 24, 2020 Northwest Bancshares, Inc. completed its acquisition of MutualFirst Financial, Inc., the holding company for MutualBank. The stock-for-stock merger (each MutualFirst share converted into 2.4 shares of Northwest) valued the deal at approximately $213.4 million; MutualBank brought ~$2.1 billion in assets and 36 full‑service offices in Indiana, expanding Northwest's footprint to roughly $12.8 billion in assets and 214 branches.
-
First Mid Bancshares Acquires Blackhawk Bancorp
March 21, 2023
Financial Services
First Mid Bancshares, Inc. will acquire 100% of Blackhawk Bancorp, Inc. in a stock-for-stock merger in which Blackhawk shareholders will receive 1.15 shares of First Mid common stock for each share of Blackhawk common stock (aggregate consideration of approximately $90.3 million based on First Mid's March 20, 2023 share price). The transaction expands First Mid's footprint with Blackhawk's 10 branches in Wisconsin and Illinois, is expected to close in the second half of 2023 subject to regulatory and shareholder approvals, and is projected to be accretive to EPS with significant cost savings and liquidity benefits.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.