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Illinois-based FNB Barry Bancorp announces change in control

The Gully-Hechler family is now the largest shareholding group of FNB Barry Bancorp Inc., according to a change in control notice filed April 16 and recently obtained by S&P Global Market Intelligence.

Anna Hechler is the single largest shareholder of the Barry, Ill.-based company with 167 shares.

Joseph Gully, a director of FNB, has acquired an additional 25 shares from the company's repurchased stock. The purchase has increased Gully's total stake in the company to 35 shares. The shares were purchased at a price of $12,000 per share.

The acquisition has resulted in the Gully-Hechler stake in the company increasing to 25.81% from 23.79%.

In January, FNB had repurchased shares from Eric Shover and Kristi Vincent. Shover, who owned 188 shares, had signed the stock repurchase agreement for $2.3 million, while Vincent, who owned 93 shares, had signed the agreement for $1.1 million. The total purchase price for the transaction was $3.4 million.