Content area
Full Text
Peoria, Ill.-based Better Banks ($246.2 million) has proposed to acquire Chillicothe, Ill.-based First National Bank of Chillicothe ($65.4 million) under a merger agreement dated April 24.
Better Banks is a unit of Backlund Investment Co. and First National Bank of Chillicothe is a subsidiary of First Chillicothe Corp.
The terms of the deal were not disclosed in a...