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In Illinois, State Bank of Arthur merges into Morton Community Bank

In Illinois, Hometown Community Bancorp Inc. has closed its deal for Arthur Bancshares Corp., the parent of State Bank of Arthur.

The latter opened Oct. 10 as a division of Morton Community Bank.

As of Sept. 30, State Bank of Arthur had $133.8 million in assets. Morton Community as of June 30 had $3.33 billion in assets.