• September 18, 2019

Farmers State Bank, First Trust Of Kankakee Will Take Merger To Stockholders - The Gilman Star: Announcements

Farmers State Bank, First Trust Of Kankakee Will Take Merger To Stockholders

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Posted: Wednesday, July 17, 2019 1:15 pm

The Farmers State Bank of Danforth will merge into Kankakee-based First Trust Bank, which transaction is anticipated to close during the fourth quarter of 2019. After the transaction, the combined bank will operate as First Trust Bank. 

The transaction will add banking locations in Danforth and Aroma Park to the footprint of First Trust Bank, which presently has offices in Kankakee, Bourbonnais, and West Kankakee.  Based on current financials, it is anticipated that the transaction will increase the assets of First Trust Bank to approximately $300 million.  

“We are thrilled to team-up with John Kirts and Farmers State Bank,” said Jeff Smith, Chairman of First Trust Bank. “We are committed to the local business community and are confident that this partnership will bring additional strength and opportunities to the Kankakee and Iroquois County areas.”  

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