|
United Community Bancorp Inc.
announces agreement to acquire Midland Community Bank
[May 10, 2025]
Chatham, IL, – United Community
Bancorp, Inc. (UCB), today announced it has entered into an
agreement to acquire Midland Community Bank based in Kincaid,
Illinois. Midland Community Bank is a full-service community bank
established in 1968 with two locations in the Christian County
communities of Kincaid and Taylorville, with $66.9 million in assets
as of March 31, 2025.
"Midland is an excellent and well-regarded community institution
with a deep commitment to its customers that mirrors our own," says
Robert Narmont, Chairman and CEO of United Community Bancorp. “By
joining forces, we are uniting two organizations that share a
passion for local community banking while seamlessly expanding our
market area into a neighboring county that perfectly aligns with our
strategic growth mission and vision for our Company.”
“Joining UCB is a meaningful step forward that enhances our ability
to serve our customers and communities while preserving our
community banking roots,” states Mary Coy, CEO of Midland Community
Bank. “Our bank has always been a strong, trusted presence in
Christian County, and we are proud to align with an organization
that shares our values and dedication to local, personalized
service. This opportunity allows us to expand our reach while
staying true to the philosophy that has defined us for more than 57
years.”
The acquisition, subject to
regulatory and Midland shareholder approvals, is expected to close
later this year. Once complete, United Community Bancorp will remain
the largest community bank group in West Central Illinois with $4
billion in consolidated assets. Its bank network will include 47
retail banking locations serving 37 communities in Illinois,
Missouri, and Florida. Midland Community Bank will join UCB’s family
of award-winning community banks that include United Community Bank
(Chatham, IL), Brown County State Bank (Mt. Sterling, IL), Marine
Bank & Trust (Carthage, IL), Mercantile Bank (Quincy, IL), Farmers
State Bank of Camp Point (Camp Point, IL), and United Commonwealth
Bank (Naples, FL).
[to top of second column] |
“Midland Community Bank is
a respected community banking institution with an outstanding
reputation for customer service,” confirms Allen Schmale,
President and CEO of United Community Bank. "We are excited to
welcome their team and their customers into our family of banks
and look forward to working together to continue to deliver the
best-in-class community banking services our UCB Banks are
dedicated to providing our customers and communities.”
About United Community Banks
United Community Bank, headquartered in Chatham, Illinois, is an
employee-owned regional bank holding company with roots dating back
to 1907, when Farmer’s State Bank was established in Greenfield, IL.
In 1973, a local group led by Robert Narmont invested in Farmer's
State Bank with the goal of delivering the ultimate in customer
service while continuing to welcome other banks into the United
Community Bank family. Today, United Community Bank has grown to
more than $3.9 billion in assets and operates 8 bank brands
comprising over 100 banks and ATMs in 35 communities in central,
west central, and southwest central Illinois, northeast Missouri,
and southwest Florida.
Our United Community Banks include United Community Bank, Marine
Bank & Trust, Brown County State Bank, Farmers State Bank of Camp
Point, and Liberty Bank in Illinois, Mercantile Bank in Illinois and
Missouri, and United Commonwealth Bank in Naples, Florida. To learn
more about us and to visit all our banks online, visit ucbbanks.com.
[Julie Bowen
SVP & Director of Marketing
United Community Bancorp, Inc.]
 |
