trending Market Intelligence /marketintelligence/en/news-insights/trending/fo4xqatdexjjijcxrc3jvw2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Treynor Bancshares/TS Contrarian Bancshares JV buying Illinois bank

Municipal-Run Fiber Tops 280000 Subscribers In 2018

The Essential Conference 2019 Highlight Reel

Mobile Payment Apps Driving Fintech Frenzy In India

Street Talk Episode 42: Banks losing consumer deposits to fintech, digital platforms, commercial might be next


Treynor Bancshares/TS Contrarian Bancshares JV buying Illinois bank

Treynor, Iowa-based TS Banking Group agreed to Clinton, Ill.-basedFirst National Bank and TrustCo. ($109.0 million), a unit of First Clinton BanCorp. Inc.

The terms of the deal were not disclosed in the mergerrelease.

SNLvaluations for bank and thrift targets in the Midwest region between Oct. 7,2015 and Oct. 7, 2016 averaged 132.71% of book, 136.27% of tangible book andhad a median of 18.22x last-12-months earnings, on an aggregate basis.

Datacompiled by SNL shows that Treynor Bancshares Inc. will enter De WittCounty, Ill., with one branch, to be ranked second with a 24.82% share of approximately$319.56 million in total market deposits.

TS Banking Group is a joint venture between and ,the Treynor-based bank holding companies of Treynor State Bank ($324.8 million) and ($315.8 million),respectively.

The joint venture recently bought a bank in Iowa.

Sheshunoff & Co. served as financial adviser to FirstClinton BanCorp.

Click on the map below to access a larger version as aPDF. To compare market overlap, click here.To create custom maps, click here.