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St. Louis Fed OKs First Waterloo Bancshares/Best Hometown Bancorp deal

The Federal Reserve Bank of St. Louis on Dec. 19 approved Waterloo, Ill.-based First Waterloo Bancshares Inc.'s application to acquire Collinsville, Ill.-based Best Hometown Bancorp Inc., and thereby indirectly acquire its unit, Best Hometown Bank.

The deal was valued at about $12.3 million when it was announced in October.