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Mergers & Acquisitions

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Deal Overview

First Ottawa Bancshares, Inc.
Actual Acquirer:
First National Bank of Ottawa
2 Branches
Deal Type:
Bank & Thrift Branch
First Midwest Bancorp, Inc.
Agreement Date:
Announcement Date:
Number of Target Branches
Branch Locations
Streator (2)
Franchise Premium ($ 000)
Tangible Book Premium/ Deposits (%)
Completion Date:

Deal Terms
Description of Consideration


Deposits ($ 000) 70,000
Total Assets ($ 000) 65,058
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Barack Ferrazzano Kirschbaum
Seller Yes Hinshaw & Culbertson LLP