Transactions

Sheshunoff & Co. Investment Banking Advises in FDIC-Assisted Transaction

Midland States Bank of Effingham, Illinois ($574M) assumed all of the deposits and a large portion of the assets of Strategic Capital Bank of Champaign, Illinois ($420M) in a transaction involving a loss sharing agreement with the FDIC. Sheshunoff & Co. Investment Banking acted as financial advisor to Midland States Bank in this acquisition that was announced on May 22, 2009.

The closing of Strategic Capital Bank by regulators brings this year’s bank failures to 36. In a difficult market with rising bank failures, Sheshunoff & Co. can provide insight and guidance in unique transaction opportunities involving acquisitions of failed banks and loss-sharing arrangements with the FDIC.

The recent economic turmoil has dramatically impacted the outlook of many community banks. Now may be the right time to assess all of your options. Call 800.279.2241 to speak confidentially about your situation.