Hometown Community to acquire Trivoli

Hometown Community Bancorp., Morton, Ill., will acquire Trivoli Bancorp Inc., Trivoli, Ill..The $256 million Trivoli's Heritage Bank of Central Illinois will merge into Hometown Community's $3 billion Morton Community Bank..Trivoli lost $106,000 in the fourth quarter after making $394,000 in the first three quarters. Morton Community Bank made $48 million last year and nearly $12 million in the fourth quarter.."Our customers will gain access to additional financial resources and the combined assets of the merged companies will substantially increase the available lending limit," said Tim Krueger, president and CEO of Heritage Bank..Pending approval from Trivoli shareholders, the parent companies will merge in the third quarter and the banks will merge in the fourth quarter. Terms of the deal were not disclosed.."This merger will bring together two community banks with a long and proud history of serving our region," said Jim Mamer, Co-CEO and President of Morton Community Bank. "Customers from both banks will benefit from having access to convenient locations throughout the greater Peoria market and beyond.".Heritage Bank has six branches in the Peoria, Ill., area and Morton Community has more than 30 offices throughout central Illinois.