Town and Country Financial Corporation Acquires Premier Bank of Jacksonville (West Plains Investors)
October 1, 2015
Town and Country Financial Corporation (TCFC) has agreed to acquire West Plains Investors, Inc., the holding company for Premier Bank of Jacksonville, in an all-cash transaction. Premier had roughly $196 million in assets and four branches; the combined company will have projected assets exceeding $700 million and the deal is subject to customary closing conditions, regulatory approval, and WPI shareholder approval.
- Buyers
- Town and Country Financial Corporation
- Targets
- West Plains Investors, Inc., Premier Bank of Jacksonville
- Sellers
- West Plains Investors, Inc., WPI shareholders
- Industry
- Financial Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
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