Content area
Full Text
Galva, Ill.-based Galva Investment Inc., the parent of Community State Bank ($155.9 million), signed a definitive agreement to acquire Franklin, Ill.-based Franklin Bancshares Inc., the holding company of Franklin Bank ($43.2 million), the (Jacksonville, Ill.) Journal-Courier reported April 7.
Terms of the transaction were not disclosed.
After the merger, Franklin Bank will operate as a branch of Community...