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Midwest Bank merging with Andalusia Community Bank

Midwest Bank is merging with Andalusia Community Bank that’s located in the community of the same name of about 1,000 in Rock Island County.Midwest Bank, a subsidiary of Western Illinois Bancshares Inc, has signed an agreement and plan of merger to acquire the community bank, leaving Midwest Bank as the surviving institution.

After the merger is completed Midwest’s assets will total approximately $500 million.

Andalusia Bank President Mike Bell says Midwest stood out as a “good fit for our customers and consumers.”

Bell goes on that the two institutions share “similar values” and they’re both committed to “long-term local ownership and decision making.”

President and CEO of Midwest Bank, Chris Gavin shares that sentiment.

Gavin says that “community banks are the backbone” of small business and ag in this part of the state.

The merger will mean expansion of Midwest’s physical presence in the Quad Cities, a broader range of products and services, expanded electronic banking and card services and in house data processing and service center.

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