CBI Bank parent to acquire SENB Bank

Central Bancshares in Muscatine, Iowa, has agreed to buy McLaughlin Holding Co. in Moline, Illinois. Central is the parent of CBI Bank and Trust while McLaughlin is the parent of SENB Bank. The deal is expected to close in the third quarter.

M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.