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Eagle Community Bank being eyed for purchase

A holding company has a proposed deal to acquire Maple Grove, Minn.-based Eagle Community Bank.

Minneapolis-based L1 Holding Corp. aims to become a bank holding company through the acquisition. In a notice for public comment, the Federal Reserve Board said L1 Holding Corp. is also expected to acquire LeaderOne Financial Corp., an independent mortgage company in Overland Park, Kan.

Barack Ferrazzano Kirschbaum Nagelberg's financial institutions group represented L1 Holding Corp. on the proposed acquisition of Eagle Community Bank.