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Central Bank Illinois completes First National of Rochelle deal

In Illinois, Geneseo-based Central Banc Inc. unit Central Bank Illinois completed its acquisition of Rochelle-based First National Bank and Trust Co. of Rochelle, effective July 7, according to the Illinois Department of Financial and Professional Regulation.

The deal was announced on Jan. 24, and was approved by the the state regulator on May 8.

As of June 30, Central Bank Illinois had $631.0 million in assets, while First National Bank and Trust had $286.6 million in assets.