Heartland Financial acquires failed Illinois bank
July 23, 2009
By MoneyAisle
The Des Moines Register reports that Galena State Bank & Trust, whose parent company is Heartland Financial, has taken over Elizabeth State Bank.
President and chief executive of Heartland Financial, Lynn B. Fuller said, “Customers can be assured that their deposits are safe and remain readily accessible. Our banks have been well-capitalized and continue to exceed all regulatory capital requirements.”
Elizabeth State Bank has about $43 million worth of loans and $48 million in deposits.