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Oak Brook, Ill.-based Inland Bank and Trust has called off its deal to acquire Princeton, N.J.-based College Savings Bank ($374.5 million), and College Savings is now set to be acquired by Dallas-based NexBank SSB ($2.16 billion), Crain's Chicago Business reported Oct. 3.
According to NexBank's interagency merger application, which was dated Sept. 18 and recently obtained by SNL, it signed a merger agreement with College Savings on Sept. 9. It will retain the...