Schiff Hardin Represents First Mid-Illinois Bancshares in Its Pending Acquisition of SCB Bancorp, Inc.

News

Schiff Hardin Represents First Mid-Illinois Bancshares in Its Pending Acquisition of SCB Bancorp, Inc.

News Release |

Schiff Hardin is representing First Mid-Illinois Bancshares, Inc. in the pending acquisition of all of the outstanding stock of SCB Bancorp, Inc. The deal is valued at approximately $70.4 million. SCB is the holding company for Soy Capital Bank & Trust and its wholly owned subsidiary, J.L. Hubbard Insurance and Bonds. The transaction is expected to close in late 2018.