Salem, Ill.-based Community Partners Savings Bank will acquire Granite City, Ill.-based Guardian Savings Bank later this year, according to local media..The $249.2 million Community Partners Savings Bank includes Salem-based Marion County Savings Bank along with locations in Flora, Ill., and Pekin, Ill. The $32.4 million Guardian Savings Bank serves consumers and businesses in Granite City and Metro St. Louis. .The transaction is expected to close in the fourth quarter of this year. Following the merger, Guardian Savings Bank will operate as a division of Community Partners Bank. .Angkor Strategic Advisors was financial adviser to Community Partners Savings Bank.
Salem, Ill.-based Community Partners Savings Bank will acquire Granite City, Ill.-based Guardian Savings Bank later this year, according to local media..The $249.2 million Community Partners Savings Bank includes Salem-based Marion County Savings Bank along with locations in Flora, Ill., and Pekin, Ill. The $32.4 million Guardian Savings Bank serves consumers and businesses in Granite City and Metro St. Louis. .The transaction is expected to close in the fourth quarter of this year. Following the merger, Guardian Savings Bank will operate as a division of Community Partners Bank. .Angkor Strategic Advisors was financial adviser to Community Partners Savings Bank.
